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.

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.

Key Figures

Shares to be sold: 4,000 shares Aggregate market value of shares: $321,480 Shares outstanding: 4,091,741 shares +4 more

7 metrics

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

Key Terms

Rule 144, Restricted Stock Units, Form 144, aggregate market value, +1 more

5 terms

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

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Available on EDGAR 09/03/2026 - 06:06 PM EDT Accepted by SEC EDGAR 09/03/2026 - 06:04 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001601006
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Flexsteel Industries, Inc.
SEC File Number	000-05151
Address of Issuer	385 Bell Street Dubuque IOWA 52001
Phone	1-563-556-7730
Name of Person for Whose Account the Securities are To Be Sold	Michael Scott Culbreth
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	4000	321480	4091741	09/03/2026	NASD

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	12/12/2024	Acquired as compensation -- Restricted Stock Units	Issuer			388	12/12/2024	Compensation
Common Stock	09/12/2024	Acquired as compensation -- Restricted Stock Units	Issuer			590	09/12/2024	Compensation
Common Stock	03/06/2025	Acquired as compensation -- Restricted Stock Units	Issuer			593	03/06/2025	Compensation
Common Stock	06/12/2025	Acquired as compensation -- Restricted Stock Units	Issuer			791	06/12/2025	Compensation
Common Stock	03/07/2024	Acquired as compensation -- Restricted Stock Units	Issuer			663	03/07/2024	Compensation
Common Stock	06/13/2024	Acquired as compensation -- Restricted Stock Units	Issuer			722	06/13/2024	Compensation
Common Stock	09/15/2025	Acquired as compensation -- Restricted Stock Units	Issuer			253	09/15/2025	Compensation

* 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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/03/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Goldman Sachs & Co. LLC on behalf of Michael Scott Culbreth
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)