Michael P. Hartung - Feb 6, 2025 Form 4 Insider Report for FLEX LTD. (FLEX)

Signature
/s/ Michael P. Hartung, by Kristine Murphy as attorney-in-fact
Stock symbol
FLEX
Transactions as of
Feb 6, 2025
Transactions value $
-$2,844,538
Form type
4
Date filed
2/7/2025, 08:55 PM
Previous filing
Sep 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Sale -$2.14M -48.8K -16.35% $43.78 250K Feb 6, 2025 Direct F1
transaction FLEX Ordinary Shares Sale -$708K -16K -6.42% $44.23 234K Feb 6, 2025 Direct F2, F3, F4
* 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 sales price; actual sales prices ranged from $43.17 to $44.165. 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 sales price; actual sales prices ranged from $44.17 to $44.39. 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) 23,043 unvested restricted share units ("RSUs"), which will vest on June 1, 2025; (2) 28,151 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2025; (3) 29,149 unvested RSUs, which will vest in two equal annual installments beginning on June 14, 2025; (4) 15,797 unvested RSUs, which will vest in three equal annual installments beginning on August 15, 2025; and (5) 72,578 unvested RSUs, which will vest on September 25, 2027.
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.