| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FLEX | Ordinary Shares | Sale | -$6.55M | -240K | -13.15% | $27.29 | 1.59M | Jul 31, 2023 | Direct | F1, F2, F3 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Price reflects weighted average sales price; actual sales prices ranged from $27.10 to $27.57. 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. |
| F2 | Includes the following: (1) 197,824 unvested restricted share units ("RSUs"), which will vest in two equal annual installments beginning on June 1, 2024; (2) 86,901 unvested RSUs, which will vest on June 9, 2024; and (3) 197,072 unvested RSUs, which will vest in three equal annual installments beginning on June 14, 2024. |
| F3 | Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited. |
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.