Revathi Advaithi - Jun 6, 2023 Form 4 Insider Report for FLEX LTD. (FLEX)

Role
Chief Executive Officer, Director
Signature
/s/ Revathi Advaithi, by Kristine Murphy as attorney-in-fact
Stock symbol
FLEX
Transactions as of
Jun 6, 2023
Transactions value $
-$2,990,724
Form type
4
Date filed
6/8/2023, 09:06 PM
Previous filing
Jun 6, 2023
Next filing
Jun 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Award $0 +691K +50.47% $0.00 2.06M Jun 6, 2023 Direct F1
transaction FLEX Ordinary Shares Sale -$2.99M -113K -5.48% $26.51 1.95M Jun 7, 2023 Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 3, 2020, the Reporting Person was awarded performance-based restricted share units ("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.
F2 The sale reported in this Form 4 includes shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs.
F3 Price reflects weighted average sales price; actual sales prices ranged from $26.235 to $26.725. 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.
F4 Includes the following: (1) 173,802 unvested RSUs, which will vest in two equal annual installments beginning on June 9, 2023; (2) 97,657 unvested RSUs, which will vest on June 11, 2023; and (3) 197,824 unvested RSUs, which will vest in two equal annual installments beginning June 1, 2024.
F5 Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.