DAVID SCOTT OFFER - 14 Jun 2022 Form 4 Insider Report for FLEX LTD. (FLEX)

Signature
/s/ David Scott Offer, by Heather Childress as attorney-in-fact
Issuer symbol
FLEX
Transactions as of
14 Jun 2022
Net transactions value
+$1,228,957
Form type
4
Filing time
16 Jun 2022, 20:52:59 UTC
Previous filing
14 Jun 2022
Next filing
24 Jun 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Sale $175,603 -11,293 -5.8% $15.55 184,766 14 Jun 2022 Direct F1, F2
transaction FLEX Ordinary Shares Award $0 +182,290 +99% $0.000000 367,056 15 Jun 2022 Direct F3
transaction FLEX Ordinary Shares Sale $1,387,858 +96,373 +55% $14.40 270,683 16 Jun 2022 Direct F4, F5
transaction FLEX Ordinary Shares Sale $16,702 +1,108 +0.41% $15.07 269,575 16 Jun 2022 Direct F4, F6, F7, F8
holding FLEX Ordinary Shares 257,061 14 Jun 2022 By Trust
* 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 purchase price; actual purchase prices ranged from $15.42 to $15.705. 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 on 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 purchase price; actual purchase prices ranged from $14.06 to $15.04. 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 purchase price; actual purchase prices ranged from $15.06 to $15.125. 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) 13,094 unvested RSUs, which will vest on June 19, 2022; (2) 53,412 unvested RSUs, which will vest in three equal annual installments beginning on June 1, 2023; (3) 26,857 unvested RSUs, which will vest on June 3, 2023; (4) 34,761 unvested RSUs, which will vest in two equal annual installments beginning on June 9, 2023; and (5) 22,787 unvested RSUs, which will vest on June 11, 2023.
F8 Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.