[SCHEDULE 13G/A] Flex Ltd. SEC Filing

Rhea-AI Filing Summary

Boston Partners filed a Schedule 13G reporting beneficial ownership of 19,329,986 shares of Flex Ltd., representing 5.19% of the outstanding common stock. The filing shows Boston Partners has sole voting power over 15,489,942 shares and sole dispositive power over 19,329,986 shares, and identifies the firm as an investment adviser (Type IA).

The shares are held for the discretionary accounts of certain clients and Boston Partners states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. No other person is reported to have the right to receive dividends or sale proceeds for more than 5% of the class.

Positive

• Material ownership disclosed: Boston Partners reports a >5% stake in Flex Ltd. (19,329,986 shares; 5.19% of class).
• Sole dispositive control: The filer reports sole dispositive power over all 19,329,986 shares, indicating control of disposition for client accounts.

Negative

• None.

Insights

Financial Analyst

TL;DR: Passive investor disclosure; material ownership but no stated activist intent.

The Schedule 13G indicates a material passive stake of 5.19% by Boston Partners, large enough to attract investor attention but consistent with passive ownership under Rule 13g. The split between sole voting power (15.49M shares) and sole dispositive power (19.33M shares) suggests Boston Partners controls disposition for client accounts while retaining some voting authority. Because the filing states holdings are in discretionary accounts and not intended to influence control, this is a routine regulatory disclosure rather than an activist move, though market participants may monitor positioning due to the absolute size of the holding.

Corporate Governance Expert

TL;DR: Ownership is material for governance monitoring but the filer certifies passive intent.

From a governance perspective, a >5% beneficial ownership is significant since it can trigger heightened attention from issuers and other shareholders. The filer’s certification that the securities are not held to change or influence control and the 13G filing form indicate a passive posture. Nevertheless, the concentration of dispositive power means Boston Partners can sell or reallocate a meaningful block, which could affect share liquidity and voting dynamics if positions change. Current disclosure does not show coordinated group ownership or active engagement.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 9)

FLEX LTD.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

Y2573F102

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. Y2573F102

1

Names of Reporting Persons

Boston Partners

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 15,489,942.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 19,329,986.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,329,986.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.19 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FLEX LTD.
(b)	Address of issuer's principal executive offices: 12515-8 RESEARCH BLVD, SUITE 300, AUSTIN, TEXAS 78759
Item 2.
(a)	Name of person filing: Boston Partners
(b)	Address or principal business office or, if none, residence: ONE BEACON STREET 30TH FLOOR BOSTON, Massachusetts 02108
(c)	Citizenship: Boston Partners - DELAWARE
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: Y2573F102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 19,329,986
(b)	Percent of class: 5.19 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Boston Partners - 15,489,942
	(ii) Shared power to vote or to direct the vote: Boston Partners - 0
	(iii) Sole power to dispose or to direct the disposition of: Boston Partners - 19,329,986
	(iv) Shared power to dispose or to direct the disposition of: Boston Partners - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. This Schedule is being filed with respect to 19,329,986.00 shares of Flex Ltd. (the Common Stock) held by Boston Partners on 6/30/2025 for the discretionary account of certain clients. By reason of rule 13d-3 under the act Boston Partners may be deemed to be a beneficial owner of such Common Stock. To the knowledge of Boston Partners no person has the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of such Common Stock which represents more than 5% of the outstanding shares of the Common Stock referred to in item 4(b) hereof.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Boston Partners

Signature:	/s/Akiko Lindholm
Name/Title:	Senior Compliance Manager
Date:	08/11/2025

FAQ

How many Flex (FLEX) shares does Boston Partners report owning?

Boston Partners reports beneficial ownership of 19,329,986 shares of Flex common stock.

What percentage of FLEX does Boston Partners own?

The filing states Boston Partners owns 5.19% of the outstanding common stock of Flex Ltd.

What voting and dispositive powers are reported by Boston Partners for FLEX?

Boston Partners reports sole voting power for 15,489,942 shares and sole dispositive power for 19,329,986 shares.

Is Boston Partners filing as an investment adviser in the FLEX 13G?

Yes. The filing identifies Boston Partners as an investment adviser (Type IA) and states the shares are held for discretionary client accounts.

Does the filing indicate Boston Partners intends to influence control of FLEX?

The filer certifies the securities are held in the ordinary course of business and were not acquired or held to change or influence control of the issuer.