Flex (NASDAQ: FLEX) CEO transfers 35,051 shares to children’s trust
Rhea-AI Filing Summary
FLEX LTD. (FLEX) reported an insider restructuring transaction by Chief Executive Officer and director Revathi Advaithi. On August 18, 2026, she transferred 35,051 Ordinary Shares from her direct holdings to an irrevocable trust for her children in satisfaction of a $4,376,143.09 promissory note, a non-cash disposition reported under code J. Following this, she directly holds 117,857 Ordinary Shares, including unvested RSUs, and indirectly holds additional shares through grantor retained annuity trusts (GRATs) labeled GRAT, GRAT I, and GRAT II.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 35,051 shares
Net Sell
4 txns
Insider
Advaithi Revathi
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Ordinary Shares F1, F2, F3 | 35,051 | $0.00 | $0.00 |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares F4 | -- | -- | -- |
| holding | Ordinary Shares F5 | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 117,857 shares (Direct);
Ordinary Shares — 815,262 shares (Indirect, By GRAT);
Ordinary Shares — 215,685 shares (Indirect, By GRAT I);
Ordinary Shares — 215,685 shares (Indirect, By GRAT II)
Footnotes (5)
- F1. Reflects a transfer by the Reporting Person of 35,051 directly owned ordinary shares to an irrevocable trust that was established for the benefit of the Reporting Person's children for which the Reporting Person is a grantor, in satisfaction of her obligations to such trust under a $4,376,143.09 promissory note.
- F2. Includes the following: (1) 54,739 unvested restricted share units ("RSUs"), which will vest on June 12, 2027; and (2) 63,117 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2027.
- F3. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
- F4. Reflects the transfer by the Reporting Person of 215,685 directly owned ordinary shares to a grantor retained annuity trust ("GRAT I"), which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.
- F5. Reflects the transfer by the Reporting Person of 215,685 directly owned ordinary shares to a grantor retained annuity trust ("GRAT II"), which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.
Key Figures
Shares transferred to irrevocable trust: 35,051 Ordinary Shares
Promissory note satisfied: $4,376,143.09
Direct holdings after transaction: 117,857 Ordinary Shares
+5 more
8 metrics
Shares transferred to irrevocable trust
35,051 Ordinary Shares
Transferred on August 18, 2026 to an irrevocable trust for children
Promissory note satisfied
$4,376,143.09
Obligation to the irrevocable trust satisfied by the 35,051-share transfer
Direct holdings after transaction
117,857 Ordinary Shares
Direct ownership by Revathi Advaithi after August 18, 2026 transaction
Unvested RSUs (2027 vesting)
54,739 RSUs
Unvested RSUs scheduled to vest on June 12, 2027
Additional unvested RSUs
63,117 RSUs
Unvested RSUs vesting in two equal annual installments beginning June 12, 2027
Indirect holdings by GRAT
815,262 Ordinary Shares
Indirect ownership reported as "By GRAT" after the transaction
Indirect holdings by GRAT I
215,685 Ordinary Shares
Shares held indirectly "By GRAT I" after transfer exempt under Rule 16a-13
Indirect holdings by GRAT II
215,685 Ordinary Shares
Shares held indirectly "By GRAT II" after transfer exempt under Rule 16a-13
Key Terms
irrevocable trust, promissory note, restricted share units ("RSUs"), grantor retained annuity trust ("GRAT"), +1 more
5 terms
irrevocable trust financial
"Reflects a transfer ... to an irrevocable trust that was established"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
promissory note financial
"in satisfaction of her obligations to such trust under a $4,376,143.09 promissory note"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.
grantor retained annuity trust ("GRAT") financial
"transfer ... to a grantor retained annuity trust ("GRAT I")"
Rule 16a-13 regulatory
"transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act"
FAQ
What insider transaction did FLEX (FLEX) report for CEO Revathi Advaithi?
The filing reports that on August 18, 2026, Revathi Advaithi transferred 35,051 Ordinary Shares from her direct ownership to an irrevocable trust for her children, in satisfaction of a $4,376,143.09 promissory note, categorized as an “Other acquisition or disposition” (code J).
What indirect FLEX (FLEX) holdings does Revathi Advaithi report through GRATs?
She reports indirect ownership of 815,262 Ordinary Shares “By GRAT,” plus 215,685 Ordinary Shares “By GRAT I” and 215,685 Ordinary Shares “By GRAT II.” Footnotes state that 215,685 shares were transferred to each of GRAT I and GRAT II, exempt under Rule 16a-13.
What do the unvested FLEX (FLEX) RSUs reported for Revathi Advaithi represent?
The filing states she has unvested RSUs representing 54,739 shares vesting June 12, 2027 and 63,117 shares vesting in two equal annual installments beginning June 12, 2027. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
