| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FLEX | Ordinary Shares | Sale | -$53.7K | -1.86K | -6.08% | $28.89 | 28.7K | Mar 12, 2024 | Direct | F1, F2, F3, F4, F5 |
| Id | Content |
|---|---|
| F1 | The sale 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 sales price; actual sales prices ranged from $28.72 to $29.04. 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. |
| F3 | Includes the following: (1) 8,321 unvested RSUs, which will vest in two equal annual installments beginning on June 1, 2024; (2) 9,716 unvested RSUs, which will vest in three equal annual installments beginning on June 14, 2024; and (3) 4,303 unvested RSUs, which will vest on March 9, 2025. |
| F4 | Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited. |
| F5 | 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 6,058 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. |