Flex (NASDAQ: FLEX) CEO sells 237,067 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FLEX LTD. Chief Executive Officer Revathi Advaithi reported open-market sales of a total of 237,067 Ordinary Shares on June 17–18, 2026. The sales were executed under a pre-arranged Rule 10b5-1(c) trading plan adopted on February 20, 2026, and footnotes state that the transactions were used to cover tax withholding obligations tied to the vesting of performance-based restricted share units and restricted share units.
After these trades, Advaithi directly holds 584,278 Ordinary Shares. In addition, 815,262 Ordinary Shares are held indirectly through a grantor retained annuity trust for which she serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 237,067 shares ($34,247,159)
Net Sell
20 txns
Insider
Advaithi Revathi
Role
Chief Executive Officer
Sold
237,067 shs ($34.25M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 16,282 | $144.8839 | $2.36M |
| Sale | Ordinary Shares | 21,985 | $145.3487 | $3.20M |
| Sale | Ordinary Shares | 921 | $146.3092 | $135K |
| Sale | Ordinary Shares | 1,301 | $141.7403 | $184K |
| Sale | Ordinary Shares | 24,482 | $143.0313 | $3.50M |
| Sale | Ordinary Shares | 19,078 | $143.9847 | $2.75M |
| Sale | Ordinary Shares | 28,303 | $145.0605 | $4.11M |
| Sale | Ordinary Shares | 8,178 | $145.8115 | $1.19M |
| Sale | Ordinary Shares | 999 | $146.8907 | $147K |
| Sale | Ordinary Shares | 175 | $147.656 | $26K |
| Sale | Ordinary Shares | 984 | $149.1895 | $147K |
| Sale | Ordinary Shares | 1,733 | $141.7364 | $246K |
| Sale | Ordinary Shares | 33,387 | $143.0342 | $4.78M |
| Sale | Ordinary Shares | 26,204 | $143.9849 | $3.77M |
| Sale | Ordinary Shares | 38,857 | $145.0605 | $5.64M |
| Sale | Ordinary Shares | 11,239 | $145.8109 | $1.64M |
| Sale | Ordinary Shares | 1,374 | $146.8899 | $202K |
| Sale | Ordinary Shares | 240 | $147.656 | $35K |
| Sale | Ordinary Shares | 1,345 | $149.1896 | $201K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 607,184 shares (Direct, null);
Ordinary Shares — 815,262 shares (Indirect, By GRAT)
Footnotes (1)
- These sales as reported in this Form 4 were effected pursuant to a Rule 10b5-1(c) trading plan adopted by the Reporting Person on February 20, 2026. Price reflects weighted average sales price; actual sales prices ranged from $141.49 to $142.46. 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 $142.49 to $143.48. 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 $143.49 to $144.48. 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 $144.49 to $145.48. 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 $145.49 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 $146.49 to $147.29. 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 $147.58 to $147.69. 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 $149.15 to $149.50. 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. 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 performance-based restricted share units. 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 $144.08 to $145.075. 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 $145.08 to $146.07. 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 $146.12 to $146.56. 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) 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.
Key Figures
Shares sold: 237,067 shares
Direct holdings after transactions: 584,278 shares
Indirect GRAT holdings: 815,262 shares
+4 more
7 metrics
Shares sold
237,067 shares
Total Ordinary Shares sold on June 17–18, 2026
Direct holdings after transactions
584,278 shares
Ordinary Shares directly held by CEO after June 2026 sales
Indirect GRAT holdings
815,262 shares
Ordinary Shares held by grantor retained annuity trust as of June 17, 2026
Single trade example
21,985 shares at $145.3487
Open-market sale of Ordinary Shares on June 18, 2026
Single trade example
38,857 shares at $145.0605
Open-market sale of Ordinary Shares on June 17, 2026
Highest cited sale price
$149.1896 per share
Ordinary Share sale price on June 17, 2026
Net share direction
-237,067 shares
Net-sell direction from transaction summary
Key Terms
Rule 10b5-1(c) trading plan, performance-based restricted share units, restricted share units ("RSUs"), grantor retained annuity trust ("GRAT"), +1 more
5 terms
Rule 10b5-1(c) trading plan financial
"These sales ... were effected pursuant to a Rule 10b5-1(c) trading plan adopted by the Reporting Person on February 20, 2026."
A Rule 10b5-1(c) trading plan is a legally defined, pre-set schedule that lets company insiders automatically buy or sell stock at specified times or under set formulas when they are not in possession of undisclosed, sensitive information. Think of it like an automatic payment plan for trades: because the instructions are written in advance, trades under the plan help protect insiders from allegations of trading on secret information and give investors clearer expectations about when insiders will transact, which can affect liquidity and perceived transparency.
grantor retained annuity trust ("GRAT") financial
"Shares held by a grantor retained annuity trust ("GRAT") of which the reporting person is the trustee."
unvested RSUs financial
"Includes the following: (1) 54,739 unvested RSUs ... and (2) 63,117 unvested RSUs, which will vest in two equal annual installments..."