STOCK TITAN
  1. Home
  2. Sec-filings
  3. FLXS
  4. [144] FLEXSTEEL INDUSTRIES INC SEC Filing

Flexsteel director plans 4,000-share stock sale

A Flexsteel Industries director filed to sell 4,000 common shares acquired via restricted stock unit compensation.

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

Rhea-AI Filing Summary

FLEXSTEEL INDUSTRIES INC (FLXS) has a Form 144 notice for a proposed sale of 4,000 shares of common stock by director Michael Scott Culbreth, with Goldman Sachs & Co. LLC acting as broker. The shares were acquired as compensation through restricted stock units granted between March 2024 and September 2025 under issuer programs.

Positive

  • None.

Negative

  • None.
Shares to be sold 4,000 shares Proposed sale of Flexsteel common stock by director under Form 144
Aggregate market value of shares $321,480 Reported value for the 4,000 shares in the Form 144 notice
Shares outstanding 4,091,741 shares Flexsteel common shares outstanding used as context in the filing
RSUs granted March 7, 2024 663 shares Common stock acquired as compensation via Restricted Stock Units on March 7, 2024
RSUs granted June 13, 2024 722 shares Common stock acquired as compensation via Restricted Stock Units on June 13, 2024
RSUs granted June 12, 2025 791 shares Common stock acquired as compensation via Restricted Stock Units on June 12, 2025
RSUs granted September 15, 2025 253 shares Common stock acquired as compensation via Restricted Stock Units on September 15, 2025
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
"Acquired as compensation -- Restricted Stock Units | Issuer"
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.
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
aggregate market value financial
"4000 | 321480 | 4091741 | 09/03/2026 | NASD"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
NASD regulatory
"09/03/2026 | NASD"
The NASD (National Association of Securities Dealers) was the self‑regulatory organization that created and enforced rules for broker‑dealers and supervised trading conduct, functioning like a referee for the securities industry. For investors, its role mattered because those rules and oversight aimed to reduce fraud, ensure fair dealing and maintain confidence in markets—factors that influence the safety of investments and the reputation and behavior of brokerage firms.

FAQ

What does the Form 144 filing mean for FLEXSTEEL INDUSTRIES INC (FLXS)?
The Form 144 notice indicates that a director of FLEXSTEEL INDUSTRIES INC plans a potential sale of 4,000 shares of common stock under Rule 144. It is a disclosure of an intended sale by an affiliate, not a guarantee that the sale will occur.

How many FLXS shares is Michael Scott Culbreth planning to sell?
Director Michael Scott Culbreth has filed to potentially sell 4,000 shares of Flexsteel common stock. These shares correspond to restricted stock unit awards granted as compensation between March 7, 2024 and September 15, 2025.

What is the reported value of the FLXS shares in this Form 144?
The notice lists an aggregate market value of $321,480 for the 4,000 shares of Flexsteel common stock subject to the planned sale. This value reflects the information provided at the time of the Form 144 filing.

How large is the proposed sale relative to FLXS shares outstanding?
The Form 144 reports 4,091,741 shares of Flexsteel common stock outstanding. The 4,000-share proposed sale is disclosed against this outstanding share count, which provides context for the relative size of the potential sale.

When were the FLXS shares to be sold originally acquired?
The shares were acquired as compensation through Restricted Stock Units granted on several dates: March 7, 2024, June 13, 2024, September 12, 2024, December 12, 2024, March 6, 2025, June 12, 2025, and September 15, 2025.

Who is the broker for the planned FLXS share sale under this Form 144?
Goldman Sachs & Co. LLC is listed as the broker for the proposed sale of 4,000 Flexsteel common shares. The Form 144 is signed as “Goldman Sachs & Co. LLC on behalf of Michael Scott Culbreth.”

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

144: Filer Information

144: Issuer Information

144: 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: 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: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR