Flexsteel director sells 4,000 shares at ~$81
FLEXSTEEL INDUSTRIES INC (FLXS) director Michael Scott Culbreth reported selling an aggregate 4,000 shares of common stock on September 3, 2026 in two open-market or private transactions.
Rhea-AI Filing Summary
FLEXSTEEL INDUSTRIES INC (FLXS) director Michael Scott Culbreth reported selling an aggregate 4,000 shares of common stock on September 3, 2026 in two open-market or private transactions. One block of 2,658 shares was sold at a weighted average price of $80.6918, and another 1,342 shares at $81.1617, with each price reflecting multiple trades within the stated ranges. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,000 shares
Net Sell
2 txns
Insider
Culbreth Michael Scott
Role
Director
Sold
4,000 shs ($323K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 2,658 | $80.6918 | $214K |
| Sale | Common Stock F2 | 1,342 | $81.1617 | $109K |
Holdings After Transaction:
Common Stock — 9,734.023 shares (Direct)
Footnotes (2)
- F1. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $80.45 to $80.94.
- F2. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $81.00 to $81.63.
Key Figures
Total shares sold: 4,000 shares
First sale size: 2,658 shares
First sale weighted average price: $80.6918 per share
+2 more
5 metrics
Total shares sold
4,000 shares
Aggregate sales of common stock reported for September 3, 2026
First sale size
2,658 shares
Portion of total shares sold on September 3, 2026
First sale weighted average price
$80.6918 per share
Weighted average for trades ranging from $80.45 to $80.94
Second sale size
1,342 shares
Remaining shares sold on September 3, 2026
Second sale weighted average price
$81.1617 per share
Weighted average for trades ranging from $81.00 to $81.63
Key Terms
weighted average price, open market or private transaction, Rule 10b5-1 trading plan
3 terms
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market or private transaction financial
"Sale in open market or private transaction"
Rule 10b5-1 trading plan regulatory
"No Rule 10b5-1 trading plan is reported for these transactions."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
FAQ
What insider transactions did FLXS disclose for director Michael Scott Culbreth?
Director Michael Scott Culbreth reported selling 4,000 shares of Flexsteel Industries common stock on September 3, 2026 in two open-market or private transactions at weighted average prices around $80.69 and $81.16 per share.
Were the September 3, 2026 FLXS insider sales under a Rule 10b5-1 plan?
No. The filing indicates that the Rule 10b5-1 trading plan checkbox is not marked, so these reported sales of Flexsteel Industries shares were not affirmed as executed under a Rule 10b5-1 trading plan.
What do the FLXS Form 4 footnotes say about the reported sale prices?
The footnotes state that each reported per-share price is a weighted average price, and the underlying trades for the 2,658-share sale ranged from $80.45–$80.94, while trades for the 1,342-share sale ranged from $81.00–$81.63.
AI-generated analysis. How Rhea-AI works. Not financial advice.