Timothy Patrick Newlin - Jul 1, 2021 Form 4 Insider Report for FLEXSTEEL INDUSTRIES INC (FLXS)

Role: VP-Marketing & Product
Signature: /s/ Jennifer Zeman, attorney-in-fact
Stock symbol: FLXS
Transactions as of: Jul 1, 2021
Transactions value $: $47,574
Form type: 4
Date filed: 7/6/2021, 05:19 PM
Next filing: Jul 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLXS	Common Stock	Options Exercise		+2.09K	+9.01%		25.3K	Jul 1, 2021	Direct	F1
transaction	FLXS	Common Stock	Tax liability	-$26.8K	-634	-2.51%	$42.34	24.6K	Jul 1, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FLXS	Restricted Stock Units	Award	$74.4K	+1.75K	+14.52%	$42.50	13.8K	Jul 1, 2021	Common Stock	1.75K		Direct	F1, F2
transaction	FLXS	Restricted Stock Units	Options Exercise		-2.09K	-15.11%		11.7K	Jul 1, 2021	Common Stock	2.09K		Direct	F1, F3, F4, F5
holding	FLXS	Option 12/09/2013						500	Jul 1, 2021	Common Stock	500	$27.57	Direct
holding	FLXS	Option 12/08/2014						500	Jul 1, 2021	Common Stock	500	$31.06	Direct
holding	FLXS	Option 07/01/2015						464	Jul 1, 2021	Common Stock	464	$43.09	Direct
holding	FLXS	Option 09-01-2016						737	Jul 1, 2021	Common Stock	737	$47.45	Direct
holding	FLXS	Option 09/08/2017						1.11K	Jul 1, 2021	Common Stock	1.11K	$45.21	Direct
holding	FLXS	Option 09/13/2018						2.29K	Jul 1, 2021	Common Stock	2.29K	$32.80	Direct
holding	FLXS	Option 01/15/2019						6.02K	Jul 1, 2021	Common Stock	6.02K	$24.98	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of FLXS common stock.
F2	On 07/02/2018, 6,263 restricted stock units were granted. These restricted stock units vest in three installments. On July 1, 2019, 33 1/3% vested, on July 1, 2020, 33 1/3% vested, and on July 1, 2021, 33 1/3% shall vest. Vested shares will be delivered to the reporting person on July 1 of each respective year.
F3	On 7/1/2021, 1,751 restricted stock units were granted. These restricted stock units vest on June 30, 2024.
F4	On 07/01/2020, 5,995 restricted stock units were granted. The restricted stock units vest on June 30, 2023.
F5	On 07/19/2019, 3,976 restricted stock units were granted. These restricted stock units vest on June 30, 2022.
F6	The options vest in three installments. On January 15, 2019, 2,007 options vested, on January 15, 2020, 2,007 options vested, and on January 15, 2021, 2,006 options shall vest.