[Form 4] Flex Ltd. Insider Trading Activity

Rhea-AI Filing Summary

William D. Watkins, a director of Flex Ltd. (FLEX), reported insider sales on 08/22/2025. He sold 10,000 ordinary shares at a weighted average price of $51.7892, and the filing also reports the disposition of 6,718 restricted share units. After the transactions Watkins is reported to beneficially own 111,355 ordinary shares indirectly through the Watkins Family Trust, of which he and his spouse are co-trustees and co-beneficiaries. The filing includes an explanation that the reported price is a weighted average (actual sales ranged $51.78–$51.80) and that the 6,718 items consist of unvested RSUs that vest in full immediately before the issuer's 2026 annual general meeting.

Positive

• None.

Negative

• Director sold 10,000 shares at a weighted average price of $51.7892 on 08/22/2025
• Disposition of 6,718 RSUs was reported (these RSUs vest immediately prior to the 2026 annual general meeting)

Insights

Securities Analyst

TL;DR: A routine insider sale by a director; no new company operating data disclosed.

The Form 4 documents a sale of 10,000 Flex ordinary shares by director William D. Watkins at a weighted average price of $51.7892 and a reported disposition of 6,718 RSUs. The filing clarifies the sale price range and that remaining beneficial ownership of 111,355 shares is held indirectly via a family trust. There is no operational or financial performance information in this filing, so market impact depends on investor interpretation of insider selling versus routine liquidity needs. Transaction dates and quantities are clearly provided, enabling precise tracking of insider activity.

Corporate Governance Expert

TL;DR: Disclosure appears complete and compliant; trusts and RSU vesting are explicitly explained.

The Form 4 furnishes the required Section 16 details: reporting person identity, relationship as a director, transaction date (08/22/2025), quantities sold, weighted average sale price, and post-transaction beneficial ownership through a named family trust. The filing also explains the nature and vesting schedule of the 6,718 RSUs. From a governance and compliance perspective, the Form 4 meets disclosure standards and includes an attorney-in-fact signature, indicating proper execution.

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
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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^*

WATKINS WILLIAM D

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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	08/22/2025		S		10,000	D	$51.7892(1)	111,355	I	By Trust(2)
Ordinary Shares								6,718(3)	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. Price reflects weighted average sales price; actual sales prices ranged from $51.78 to $51.80. 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. Shares held by the Denise P. Watkins u/a/d 01-0701994 William D. Watkins Trustee of Watkins Family Trust, of which the Reporting Person and his spouse are co-trustees and co-beneficiaries.

3. Consists of 6,718 unvested restricted share units ("RSUs") which vest in full on the date immediately prior to the date of Issuer's 2026 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.

Remarks:

	/s/ William D. Watkins, by Kristine Murphy as attorney-in-fact	08/25/2025
	** 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.

FAQ

What insider transactions did William D. Watkins report for FLEX?

The Form 4 reports a sale of 10,000 ordinary shares on 08/22/2025 at a weighted average price of $51.7892, and a reported disposition of 6,718 restricted share units.

How many FLEX shares does William D. Watkins beneficially own after the reported transactions?

The filing states he beneficially owns 111,355 ordinary shares indirectly through the Watkins Family Trust.

What price range did the Form 4 disclose for the 10,000-share sale?

The explanation notes actual sales prices ranged from $51.78 to $51.80, with a weighted average of $51.7892.

What is the nature of the 6,718 units mentioned in the filing?

They consist of 6,718 unvested restricted share units (RSUs) that vest in full immediately before the issuer's 2026 annual general meeting; each RSU converts to one unrestricted share when vested.

Was the Form 4 filed by an individual or on behalf of multiple reporting persons?

The form was filed by one reporting person (William D. Watkins).