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Flexsteel CIO plans sale of 7,000 FLXS shares

FLEXSTEEL INDUSTRIES INC (FLXS) received a Rule 144 notice indicating that Montag Wealth Management LLC, on behalf of Michael J McClaflin, Chief Information and Technology Officer, intends to sell up to 7,000 shares of FLXS common stock.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144/A

Rhea-AI Filing Summary

FLEXSTEEL INDUSTRIES INC (FLXS) received a Rule 144 notice indicating that Montag Wealth Management LLC, on behalf of Michael J McClaflin, Chief Information and Technology Officer, intends to sell up to 7,000 shares of FLXS common stock. These shares arose from Restricted Stock Units vested on 07/01/2024 as equity compensation. The filing reports an aggregate market value for the planned sale of $575,715.00, with 4,091,741 shares of common stock outstanding as of 08/28/2026. It also notes a prior sale of 500 shares on 08/20/2026. Osaic Wealth Inc is listed as the broker, and the shares trade on NASDAQ.

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Shares to be sold 7,000 shares of common stock Planned sale under Rule 144 by Montag Wealth Management LLC
Aggregate market value of shares to be sold $575,715.00 Market value of the 7,000 FLXS shares covered by the notice
Shares outstanding 4,091,741 shares Common stock outstanding as of 08/28/2026
Shares sold in past 3 months 500 shares Sale on 08/20/2026 reported in the past 3 months section
Proceeds from past 3 months sale $39,830.00 Total consideration for 500 shares sold on 08/20/2026
Date Restricted Stock Units vested 07/01/2024 Source of the 7,000 shares as equity compensation
Date of Notice 08/28/2026 Filing date of the Rule 144 notice
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Units financial
"COMMON STOCK | 07/01/2024 | Restricted Stock Units Vested |"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
equity compensation financial
"7000 | 07/01/2024 | EQUITY COMPENSATION"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

FAQ

What does the FLXS Form 144/A filing disclose?
The filing discloses that Montag Wealth Management LLC, on behalf of Michael J McClaflin, plans to sell up to 7,000 shares of Flexsteel Industries (FLXS) common stock under Rule 144, with an aggregate market value of $575,715.00.

How many FLXS shares are planned to be sold and what is their value?
The notice covers a planned sale of 7,000 shares of Flexsteel Industries common stock with an aggregate market value of $575,715.00, as indicated in the securities information section.

Who is the seller in the FLXS Form 144/A and whose account is it for?
The securities are to be sold by Montag Wealth Management LLC for the account of Michael J McClaflin, Chief Information and Technology Officer of Flexsteel Industries, as stated in the remarks and issuer information sections.

What is the source of the FLXS shares being sold under this Form 144/A?
The 7,000 shares of FLXS common stock to be sold come from Restricted Stock Units vested on 07/01/2024 as equity compensation, according to the securities to be sold section.

Have any FLXS shares already been sold in the past three months?
Yes. The filing reports that 500 shares of Flexsteel Industries common stock were sold on 08/20/2026 for total proceeds of $39,830.00, as shown in the securities sold during the past 3 months section.

How many FLXS shares were outstanding at the time of this Form 144/A notice?
The filing states that there were 4,091,741 shares of Flexsteel Industries common stock outstanding as of 08/28/2026, listed in the securities information section.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144/A: Filer Information

144/A: Issuer Information

144/A: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

144/A: Remarks and Signature

Source: View Original Filing on SEC EDGAR