| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FLEX | Ordinary Shares | Gift | $0 | -9,871 | -51% | $0.000000 | 9,601 | 16 Feb 2024 | Direct | F1, F2, F3 |
| transaction | FLEX | Ordinary Shares | Gift | $0 | +9,871 | +154% | $0.000000 | 16,273 | 16 Feb 2024 | By Trust | F1 |
| holding | FLEX | Ordinary Shares | 505 | 16 Feb 2024 | ByTrust |
| Id | Content |
|---|---|
| F1 | Reflects the transfer by the Reporting Person of 9,871 directly owned ordinary shares to the Patrick J. Ward Revocable Trust u/a/d 8/16/2011, of which Reporting Person and his spouse are co-trustees. |
| F2 | Includes 9,601 unvested restricted share units ("RSUs"), which vest in full on the date immediately prior to the date of Issuer's 2024 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited. |
| F3 | In connection with the disposition of all remaining shares of Class B Common Stock of Nextracker Inc. ("Nextracker") owned indirectly by the Issuer, effective January 2, 2024 (the "Spin-Off"), and in accordance with the terms of the Second Amended and Restated Employee Matters Agreement by and among the Issuer and the other parties thereto, the number of the Issuer's Ordinary Shares ("Shares") underlying the Reporting Person's RSUs were adjusted to preserve their economic value post-Spin-Off. As a result, the balance reported in this Column 5 includes an additional 2,183 RSUs. Such adjustment is exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9 under the Exchange Act. The award will continue to vest on its original schedule and otherwise has substantially the same terms and conditions as the original award. |