David Scott Offer - Oct 30, 2023 Form 4 Insider Report for FLEX LTD. (FLEX)

Signature
/s/ David Scott Offer, by Kristine Murphy as attorney-in-fact
Stock symbol
FLEX
Transactions as of
Oct 30, 2023
Transactions value $
-$3,872,310
Form type
4
Date filed
10/30/2023, 08:44 PM
Previous filing
Jun 16, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Sale -$3.87M -150K -38.75% $25.82 237K Oct 30, 2023 By Trust F1
holding FLEX Ordinary Shares 86.8K Oct 30, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 Price reflects weighted average purchase price; actual purchase prices ranged from $25.685 to $26.01. 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) 35,608 unvested restricted share units ("RSUs"), which will vest in two equal annual installments beginning on June 1, 2024; (2) 17,381 unvested RSUs, which will vest on June 9, 2024; and (3) 33,783 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 transferable share for each vested RSU which has not been previously forfeited.