Form 4 for FLEX Flex Ltd.
Accepted 2023-06-08 00:00:00 ET · period of report 2023-06-06 · accession 0001209191-23-035602 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-06-08 | 2023-06-07 | FLEX | Advaithi Revathi | CEO, Dir | S - Sale | $26.51 | -112.8K | 1.95M | -5% | -$2.99M | |
| 2023-06-08 | 2023-06-06 | FLEX | Advaithi Revathi | CEO, Dir | A - Grant | $0.00 | +690.6K | 2.06M | +50% | $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 | 2023-06-07 | S | D | 112,826 | $26.51 | 1,946,038 | D | — | — | (F3) Price reflects weighted average sales price; actual sales prices ranged from $26.235 to $26.725. 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) Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited. (F4) Includes the following: (1) 173,802 unvested RSUs, which will vest in two equal annual installments beginning on June 9, 2023; (2) 97,657 unvested RSUs, which will vest on June 11, 2023; and (3) 197,824 unvested RSUs, which will vest in two equal annual installments beginning June 1, 2024. |
| 2 | Common | Ordinary Shares | 2023-06-06 | A | A | 690,606 | $0.00 | 2,058,864 | D | — | — | (F1) On June 3, 2020, the Reporting Person was awarded performance-based restricted share units ("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. |