Form 4 for FLEX Flex Ltd.
Accepted 2022-06-16 00:00:00 ET · period of report 2022-06-14 · accession 0001209191-22-037658 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2022-06-16 | 2022-06-14+ | FLEX | Advaithi Revathi | CEO, Dir | S - Sale | $14.52 | -466.1K | 1.48M | -24% | -$6.77M |
| 2022-06-16 | 2022-06-15 | FLEX | Advaithi Revathi | CEO, Dir | A - Grant | $0.00 | +781.2K | 1.89M | +70% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Ordinary Shares | 2022-06-14 | S | D | 48,383 | $15.55 | 1,109,141 | D | — | — | (F2) Price reflects weighted average sales price; actual sales prices ranged from $15.41 to $15.73. 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. |
| 2 | Common | Ordinary Shares | 2022-06-16 | S | D | 3,605 | $15.07 | 1,472,652 | D | — | — | (F6) Price reflects weighted average sales price; actual sales prices ranged from $15.055 to $15.145. 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. (F8) Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited. (F7) Includes the following: (1) 296,735 unvested RSUs, which will vest in three equal annual installments beginning on June 1, 2023; (2) 115,102 unvested RSUs, which will vest on June 3, 2023; (3) 173,802 unvested RSUs, which will vest in two equal annual installments beginning on June 9, 2023; and (4) 97,657 unvested RSUs, which will vest on June 11, 2023. |
| 3 | Common | Ordinary Shares | 2022-06-16 | S | D | 414,134 | $14.40 | 1,476,257 | D | — | — | (F5) Price reflects weighted average sales price; actual sales prices ranged from $14.055 to $15.05. 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. |
| 4 | Common | Ordinary Shares | 2022-06-15 | A | A | 781,250 | $0.00 | 1,890,391 | D | — | — | (F3) On June 11, 2019, the Reporting Person was awarded performance-based RSUs within a preset range, with the actual number contingent upon the achievement of a certain performance criterion. If the performance criterion is achieved, the RSUs granted vest on the next business day following the third anniversary of the date of grant, subject to applicable taxes upon delivery. |