STOCK TITAN

FLEX (FLEX) CEO logs 255K-share performance award and tax-related sales

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

FLEX LTD. Chief Executive Officer Revathi Advaithi reported a mix of share awards and sales. She received a grant of 255,062 Ordinary Shares at no cost on June 16, 2026, tied to performance-based restricted share units whose performance goal was certified that day.

On June 15, 2026, she sold a total of 39,239 Ordinary Shares in multiple open-market transactions at weighted average prices around $146–$150 per share to cover tax withholding obligations related to vesting restricted share units. After these transactions, she directly holds 821,345 Ordinary Shares and also has additional indirect holdings through a grantor retained annuity trust.

The position includes unvested restricted share units, with 54,739 scheduled to vest on June 12, 2027 and 63,117 vesting in two equal annual installments beginning on June 12, 2027. Each unvested RSU converts into one fully transferable share upon vesting if not forfeited.

Positive

  • None.

Negative

  • None.
Insider Advaithi Revathi
Role Chief Executive Officer
Sold 39,239 shs ($5.81M)
Type Security Shares Price Value
Grant/Award Ordinary Shares 255,062 $0.00 --
Sale Ordinary Shares 6,386 $146.0032 $932K
Sale Ordinary Shares 8,657 $147.0596 $1.27M
Sale Ordinary Shares 5,707 $148.1389 $845K
Sale Ordinary Shares 18,066 $148.9881 $2.69M
Sale Ordinary Shares 423 $149.5548 $63K
holding Ordinary Shares -- -- --
Holdings After Transaction: Ordinary Shares — 821,345 shares (Direct, null); Ordinary Shares — 815,262 shares (Indirect, By GRAT)
Footnotes (1)
  1. The sales reported in this Form 4 represent 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 $145.485 to $146.48. 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 $146.51 to $147.50. 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 $147.51 to $148.50. 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 $148.51 to $149.505. 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 $149.51 to $149.65. 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. On June 14, 2023, the Reporting Person was awarded performance-based restricted share units ("PSUs") within a preset range, with the actual number contingent upon the achievement of a certain performance criterion with respect to the three-year performance period ending on June 14, 2026. The Issuer certified the achievement of the performance criterion on June 16, 2026, and the PSUs were subject to applicable taxes upon delivery. Includes the following: (1) 54,739 unvested 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. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited. Shares held by a grantor retained annuity trust ("GRAT") of which the reporting person is the trustee.
Share award 255,062 shares Ordinary Shares granted on June 16, 2026 at $0.00
Shares sold for taxes 39,239 shares Open-market sales on June 15, 2026 to cover RSU tax
Sale prices $145.485–$149.65 per share Weighted average sale price ranges across multiple trades
Direct holdings after transactions 821,345 shares Ordinary Shares held directly following reported transactions
Unvested RSUs (single tranche) 54,739 RSUs Scheduled to vest on June 12, 2027
Unvested RSUs (two installments) 63,117 RSUs To vest in two equal annual installments beginning June 12, 2027
Net share change from trades 39,239 shares net sold Net buy/sell shares across reported open-market sales
restricted share units ("RSUs") financial
"The sales reported ... represent shares sold ... in connection with the vesting of restricted share units ("RSUs")."
performance-based restricted share units ("PSUs") financial
"the Reporting Person was awarded performance-based restricted share units ("PSUs") within a preset range..."
grantor retained annuity trust ("GRAT") financial
"Shares held by a grantor retained annuity trust ("GRAT") of which the reporting person is the trustee."
weighted average sales price financial
"Price reflects weighted average sales price; actual sales prices ranged from..."
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SEC Form 4
FORM 4UNITED 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*
Advaithi Revathi

(Last)(First)(Middle)
C/O FLEXTRONICS INTERNATIONAL USA, INC.
12515-8 RESEARCH BLVD, SUITE 300

(Street)
AUSTIN TEXAS 78759

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
FLEX LTD. [ FLEX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Ordinary Shares06/15/2026S(1)6,386D$146.0032(2)599,136D
Ordinary Shares06/15/2026S(1)8,657D$147.0596(3)590,479D
Ordinary Shares06/15/2026S(1)5,707D$148.1389(4)584,772D
Ordinary Shares06/15/2026S(1)18,066D$148.9881(5)566,706D
Ordinary Shares06/15/2026S(1)423D$149.5548(6)566,283D
Ordinary Shares06/16/2026A255,062(7)A$0821,345(8)(9)D
Ordinary Shares815,262(10)IBy GRAT
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The sales reported in this Form 4 represent 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 $145.485 to $146.48. 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 $146.51 to $147.50. 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. Price reflects weighted average sales price; actual sales prices ranged from $147.51 to $148.50. 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.
5. Price reflects weighted average sales price; actual sales prices ranged from $148.51 to $149.505. 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.
6. Price reflects weighted average sales price; actual sales prices ranged from $149.51 to $149.65. 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.
7. On June 14, 2023, the Reporting Person was awarded performance-based restricted share units ("PSUs") within a preset range, with the actual number contingent upon the achievement of a certain performance criterion with respect to the three-year performance period ending on June 14, 2026. The Issuer certified the achievement of the performance criterion on June 16, 2026, and the PSUs were subject to applicable taxes upon delivery.
8. Includes the following: (1) 54,739 unvested 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.
9. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
10. Shares held by a grantor retained annuity trust ("GRAT") of which the reporting person is the trustee.
Remarks:
/s/ Revathi Advaithi, by Kristine Murphy as attorney-in-fact06/17/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did FLEX (FLEX) CEO Revathi Advaithi report?

Revathi Advaithi reported receiving 255,062 Ordinary Shares as a performance-based award and selling 39,239 shares. The sales occurred in several open-market trades and were made primarily to cover tax withholding obligations linked to restricted share unit vesting.

How many FLEX (FLEX) shares does the CEO hold after these Form 4 transactions?

After the reported transactions, Revathi Advaithi directly holds 821,345 Ordinary Shares of FLEX. She also has indirect holdings through a grantor retained annuity trust, plus unvested restricted share units that may convert into additional shares as they vest in 2027.

Why did the FLEX (FLEX) CEO sell 39,239 shares on June 15, 2026?

The 39,239 FLEX shares sold on June 15, 2026 were to cover tax withholding obligations related to vesting restricted share units. These open-market sales were not discretionary portfolio trades but transactions executed to satisfy required tax liabilities.

What future share vesting is scheduled for FLEX (FLEX) CEO Revathi Advaithi?

Revathi Advaithi has 54,739 unvested restricted share units scheduled to vest on June 12, 2027, plus 63,117 more that will vest in two equal annual installments beginning that same date. Each vested RSU converts into one unrestricted FLEX Ordinary Share.

What performance-based award did the FLEX (FLEX) CEO receive in June 2026?

She received 255,062 Ordinary Shares on June 16, 2026, following certification of performance for performance-based restricted share units granted in June 2023. The actual number delivered depended on achieving a defined three-year performance criterion ending June 14, 2026.