Paul Lundstrom - 10 Jun 2024 Form 4 Insider Report for FLEX LTD. (FLEX)

Signature
/s/ Paul Lundstrom, by Kristine Murphy as attorney-in-fact
Issuer symbol
FLEX
Transactions as of
10 Jun 2024
Net transactions value
-$6,883,588
Form type
4
Filing time
12 Jun 2024, 20:31:21 UTC
Previous filing
06 Jun 2024
Next filing
13 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Sale $6,485,828 -199,800 -40% $32.46 294,227 10 Jun 2024 Direct F1
transaction FLEX Ordinary Shares Sale $6,568 -200 -0.07% $32.84 294,027 10 Jun 2024 Direct F2
transaction FLEX Ordinary Shares Sale $391,192 -12,149 -4.1% $32.20 281,878 11 Jun 2024 Direct F3, F4, F5, F6
* 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 $31.84 to $32.83. 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 Price reflects weighted average purchase price; actual purchase prices ranged from $32.84 to $32.845. 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 This 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").
F4 Price reflects weighted average sales price; actual sales prices ranged from $31.93 to $32.47. 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.
F5 Includes the following: (1) 60,121 unvested RSUs, which will vest in three equal annual installments beginning on June 14, 2024; and (2) 31,684 unvested RSUs, which will vest on June 1, 2025.
F6 Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.