Flex LNG (FLNG) CFO Knut Traaholt Exercises Synthetic Options

What Happened

• Knut Traaholt, Chief Financial Officer of Flex LNG (FLNG), exercised 20,348 vested cash‑settled synthetic options on September 17, 2026. The settlement value was based on the NYSE closing price of $32.52 less the $20.00 strike, yielding $12.52 per option and a total cash settlement of approximately $254,757. No ordinary shares were issued in the exercise.

Key Details

• Transaction date: 2026-09-17; filing date/accession: 2026-09-18 (appears timely).
• Exercise type/code: M (option exercise — cash/derivative settlement).
• Options exercised: 20,348 (from the first tranche granted June 24, 2025).
• Strike price: $20.00; reference closing price: $32.52; per-option payout: $12.52; total ≈ $254,757.
• Shares after transaction: Not applicable/Not disclosed — this was cash‑settled and no new ordinary shares were issued.
• Relevant footnotes: (F1) cash settlement calculation and no shares issued; (F2) these were the first‑tranche synthetic options (vested June 24, 2026); (F3) these are cash‑settled synthetic options, not rights to acquire shares.

Context

• This was a cash settlement of synthetic options (not a sale of existing shares and not issuance of new shares). Cash exercise of vested options is typically a liquidity event for the insider rather than a direct signal about the insider’s view of the company.