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[Form 4] Flex Ltd. Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Flex Chief Commercial Officer Michael P. Hartung reported insider transactions on June 17, 2025, involving the sale of company ordinary shares to cover tax obligations from vesting RSUs:

  • Sold 6,542 shares at $44.9776 (weighted average price range: $44.59-$45.58)
  • Sold 345 shares at $45.7112 (weighted average price range: $45.70-$45.75)

Following these transactions, Hartung holds 303,718 shares, including significant unvested RSUs scheduled to vest between 2025-2027:

  • 15,797 RSUs vesting annually from August 2025
  • 18,768 RSUs vesting annually from June 2026
  • 21,964 RSUs vesting annually from June 2026
  • 14,574 RSUs vesting June 2026
  • 72,578 RSUs vesting September 2027

Positive

  • None.

Negative

  • None.
Insider Hartung Michael P
Role Chief Commercial Officer
Sold 6,887 shs ($310K)
Type Security Shares Price Value
Sale Ordinary Shares 6,542 $44.9776 $294K
Sale Ordinary Shares 345 $45.7112 $16K
Holdings After Transaction: Ordinary Shares — 304,063 shares (Direct)
Footnotes (1)
  1. The sales 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"). Price reflects weighted average sales price; actual sales prices ranged from $44.59 to $45.582 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. Price reflects weighted average sales price; actual sales prices ranged from $45.70 to $45.75. 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. Includes the following: (1) 15,797 unvested RSUs, which will vest in three equal annual installments beginning on August 15, 2025; (2) 18,768 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2026; (3) 21,964 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2026; (4) 14,574 unvested RSUs, which will vest on June 14, 2026; and (5) 72,578 unvested RSUs, which will vest on September 25, 2027. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Hartung Michael P
(Last) (First) (Middle)
C/O FLEXTRONICS INTERNATIONAL USA, INC.
12515-8 RESEARCH BLVD, SUITE 300
(Street)
AUSTIN TX 78759
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FLEX LTD. [ FLEX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Commercial Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 06/17/2025 S(1) 6,542 D $44.9776(2) 304,063 D
Ordinary Shares 06/17/2025 S(1) 345 D $45.7112(3) 303,718(4)(5) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The sales 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").
2. Price reflects weighted average sales price; actual sales prices ranged from $44.59 to $45.582 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.
3. Price reflects weighted average sales price; actual sales prices ranged from $45.70 to $45.75. 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. Includes the following: (1) 15,797 unvested RSUs, which will vest in three equal annual installments beginning on August 15, 2025; (2) 18,768 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2026; (3) 21,964 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2026; (4) 14,574 unvested RSUs, which will vest on June 14, 2026; and (5) 72,578 unvested RSUs, which will vest on September 25, 2027.
5. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
Remarks:
/s/ Michael P. Hartung, by Kristine Murphy as attorney-in-fact 06/20/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many FLEX shares did Chief Commercial Officer Michael Hartung sell on June 17, 2025?

Michael Hartung sold a total of 6,887 FLEX shares on June 17, 2025, consisting of 6,542 shares at an average price of $44.9776 and 345 shares at an average price of $45.7112. These sales were made to cover tax withholding obligations related to vesting RSUs.

What is the current RSU holdings structure for FLEX's CCO Michael Hartung?

Following the reported transactions, Michael Hartung holds several unvested RSU grants: 15,797 RSUs vesting in three annual installments from August 15, 2025; 18,768 RSUs vesting in two annual installments from June 12, 2026; 21,964 RSUs vesting in three annual installments from June 12, 2026; 14,574 RSUs vesting on June 14, 2026; and 72,578 RSUs vesting on September 25, 2027.

What was the price range of FLEX shares sold by Michael Hartung on June 17, 2025?

The FLEX shares were sold in two price ranges: The first batch ranged from $44.59 to $45.58 with a weighted average price of $44.9776, and the second batch ranged from $45.70 to $45.75 with a weighted average price of $45.7112.

How many FLEX shares does Michael Hartung own after the June 17, 2025 transactions?

After the reported transactions, Michael Hartung beneficially owns 303,718 FLEX shares directly. This includes various unvested RSU grants that represent contingent rights to receive one unrestricted, fully transferable share for each vested RSU.

What was the purpose of FLEX CCO Michael Hartung's share sale on June 17, 2025?

The sales reported in the Form 4 were specifically made to cover tax withholding obligations in connection with the vesting of restricted share units (RSUs), rather than a discretionary sale by the executive.