Revathi Advaithi - Jun 14, 2022 Form 4 Insider Report for FLEX LTD. (FLEX)

Signature
/s/ Revathi Advaithi, by Heather Childress as attorney-in-fact
Stock symbol
FLEX
Transactions as of
Jun 14, 2022
Transactions value $
-$6,771,952
Form type
4
Date filed
6/16/2022, 08:48 PM
Previous filing
Jun 14, 2022
Next filing
Oct 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Sale -$752K -48.4K -4.18% $15.55 1.11M Jun 14, 2022 Direct F1, F2
transaction FLEX Ordinary Shares Award $0 +781K +70.44% $0.00 1.89M Jun 15, 2022 Direct F3
transaction FLEX Ordinary Shares Sale -$5.97M -414K -21.91% $14.40 1.48M Jun 16, 2022 Direct F4, F5
transaction FLEX Ordinary Shares Sale -$54.3K -3.61K -0.24% $15.07 1.47M Jun 16, 2022 Direct F4, F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale as reported in this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted share units ("RSUs").
F2 Price reflects weighted average sales price; actual sales prices ranged from $15.41 to $15.73. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
F3 On June 11, 2019, the Reporting Person was awarded performance-based RSUs within a preset range, with the actual number contingent upon the achievement of a certain performance criterion. If the performance criterion is achieved, the RSUs granted vest on the next business day following the third anniversary of the date of grant, subject to applicable taxes upon delivery.
F4 This sale as reported in this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs.
F5 Price reflects weighted average sales price; actual sales prices ranged from $14.055 to $15.05. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
F6 Price reflects weighted average sales price; actual sales prices ranged from $15.055 to $15.145. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
F7 Includes the following: (1) 296,735 unvested RSUs, which will vest in three equal annual installments beginning on June 1, 2023; (2) 115,102 unvested RSUs, which will vest on June 3, 2023; (3) 173,802 unvested RSUs, which will vest in two equal annual installments beginning on June 9, 2023; and (4) 97,657 unvested RSUs, which will vest on June 11, 2023.
F8 Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.