Flexsteel CIO sells 4,500 shares at up to $83.75
Rhea-AI Filing Summary
FLEXSTEEL INDUSTRIES INC (FLXS) reported that Chief Information Officer Michael Joseph McClaflin sold a total of 4,500 shares of common stock in nine open market or private transactions on August 28 and 31, 2026, at prices ranging from $79.50 to $83.75 per share. Shares held after these transactions were not reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,500 shares
Net Sell
9 txns
Insider
McClaflin Michael Joseph
Role
Chief Information Officer
Sold
4,500 shs ($365K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 500 | $79.75 | $40K |
| Sale | Common Stock | 500 | $79.50 | $40K |
| Sale | Common Stock | 500 | $79.60 | $40K |
| Sale | Common Stock | 500 | $79.50 | $40K |
| Sale | Common Stock | 500 | $79.50 | $40K |
| Sale | Common Stock | 500 | $83.75 | $42K |
| Sale | Common Stock | 500 | $82.25 | $41K |
| Sale | Common Stock | 500 | $82.75 | $41K |
| Sale | Common Stock | 500 | $83.00 | $42K |
Holdings After Transaction:
Common Stock — 38,526 shares (Direct)
Key Figures
Total shares sold: 4,500 shares of common stock
Per-transaction share size: 500 shares
Highest sale price: $83.75 per share
+2 more
5 metrics
Total shares sold
4,500 shares of common stock
Aggregate of nine sale transactions reported for August 28 and 31, 2026
Per-transaction share size
500 shares
Each of the nine sale transactions involved 500 shares
Highest sale price
$83.75 per share
Common stock sale on August 28, 2026
Lowest sale price
$79.50 per share
Common stock sales on August 31, 2026
Number of sale transactions
9 transactions
Non-derivative sales of common stock by the Chief Information Officer
Key Terms
open market or private transaction, Rule 10b5-1, non-derivative
3 terms
open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
Rule 10b5-1 regulatory
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
non-derivative financial
"transaction_type: non-derivative"
FAQ
What insider transaction did FLXS report for Michael Joseph McClaflin?
FLEXSTEEL INDUSTRIES INC reported that Chief Information Officer Michael Joseph McClaflin sold 4,500 shares of common stock in nine open market or private transactions on August 28 and 31, 2026, at prices between $79.50 and $83.75 per share.
Were the FLXS insider sales made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not affirmed, and no footnote states that the trades were made under a Rule 10b5-1 trading plan. The transactions are reported simply as open market or private sales of common stock.
Does the Form 4 disclose Michael Joseph McClaflin’s FLXS holdings after the sales?
No. Each transaction shows the total shares following transaction field as blank, so the Form 4 does not disclose the number of FLEXSTEEL INDUSTRIES INC shares held by Michael Joseph McClaflin after these sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
