Flexsteel (FLXS) CFO exercises 737-share option and withholds 629 shares for taxes

Rhea-AI Filing Summary

Flexsteel Industries CFO Michael J. Ressler exercised stock options and had shares withheld to cover taxes. He exercised options for 737 shares of Common Stock at $47.45 per share and 629 shares were disposed of at $55.63 per share for tax-withholding. After these transactions, he directly owns 16,864 Common shares.

Insider Trade Summary

737 shares exercised/converted

Mixed 3 txns

Insider Ressler Michael J

Role CFO

Type	Security	Shares	Price	Value
Exercise	Option 09/01/2016	737	$0.00	--
Exercise	Common Stock	737	$47.45	$35K
Tax Withholding	Common Stock	629	$55.63	$35K

Holdings After Transaction: Option 09/01/2016 — 0 shares (Direct, null); Common Stock — 17,493 shares (Direct, null)

Footnotes (1)

Key Figures

Option shares exercised: 737 shares Option exercise price: $47.45/share Shares for tax withholding: 629 shares +4 more

7 metrics

Option shares exercised 737 shares Common Stock acquired via option exercise code M

Option exercise price $47.45/share Conversion or exercise price for 737-share option

Shares for tax withholding 629 shares Common Stock disposed as tax-withholding at $55.63

Tax-withholding price $55.63/share Value applied to shares used to pay tax liability

Shares held after transactions 16,864 shares Direct Common Stock ownership after Form 4 activity

Derivative transaction count 1 transaction One derivative option exercise reported in summary

Tax-withholding dispositions 1 transaction One F-code transaction for tax liability payment

Key Terms

tax-withholding disposition, derivative exercise/conversion, derivative security, Common Stock, +1 more

5 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for 629 Common Stock shares"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion" on option and related Common Stock"

derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Common Stock financial

"security_title: "Common Stock" for non-derivative transactions"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Option 09/01/2016 financial

"security_title: "Option 09/01/2016" for the derivative position"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ressler Michael J

(Last) (First) (Middle)

385 BELL ST

(Street)

DUBUQUE IOWA 52001

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FLEXSTEEL INDUSTRIES INC [ FLXS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/11/2026		M		737	A	$47.45	17,493	D
Common Stock	05/11/2026		F		629	D	$55.63	16,864	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option 09/01/2016	$47.45	05/11/2026		M			737	09/01/2016	09/01/2026	Common Stock	737	$0	0	D

Explanation of Responses:

	/s/ Jennifer Zeman, attorney-in-fact	05/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did FLEXSTEEL INDUSTRIES (FLXS) disclose for its CFO?

Flexsteel Industries reported that CFO Michael J. Ressler exercised stock options for 737 Common shares and had 629 shares withheld to satisfy tax obligations. These transactions are compensation-related rather than open-market buying or selling activity.

How many FLEXSTEEL INDUSTRIES (FLXS) shares does the CFO hold after this Form 4?

After the reported transactions, CFO Michael J. Ressler directly holds 16,864 shares of Flexsteel Industries Common Stock. This figure reflects the net position following the option exercise and the 629 shares used to cover associated tax liabilities.

What does the tax-withholding disposition mean in the FLXS Form 4 filing?

The tax-withholding disposition means 629 Flexsteel Industries shares were surrendered at $55.63 per share to cover tax liabilities from equity compensation. This is not an open-market sale, but a routine method for paying taxes on vested or exercised awards.

At what price did the FLEXSTEEL INDUSTRIES (FLXS) CFO exercise his stock options?

CFO Michael J. Ressler exercised options into 737 Flexsteel Industries Common shares at an exercise price of $47.45 per share. This exercise converted derivative option awards into directly held Common Stock as part of his compensation package.

Which securities were involved in the FLEXSTEEL INDUSTRIES (FLXS) CFO’s Form 4 transactions?

The transactions involved Flexsteel Industries Common Stock and an option grant dated 09/01/2016. The option covering 737 underlying shares was exercised, reducing the option position to zero and increasing directly held Common Stock before tax-withholding shares were applied.