Advaithi Revathi 4
4 · FLEX LTD. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Flex (FLEX) CEO Revathi Advaithi Sells Shares to Cover Taxes
What Happened
- Revathi Advaithi, CEO of Flex Ltd. (FLEX), sold 39,239 shares in open-market transactions on June 15, 2026, in five tranches for a combined reported proceeds of approximately $5,805,781. Individual tranches: 6,386 @ $146.00 ($932,376); 8,657 @ $147.06 ($1,273,095); 5,707 @ $148.14 ($845,429); 18,066 @ $148.99 ($2,691,619); 423 @ $149.55 ($63,262).
- On June 16, 2026, she was reported to have acquired 255,062 shares (reported as $0.00 acquisition) upon the delivery/vesting of awards (PSUs/RSUs) after the performance condition was certified.
- The filing notes the sales were made to cover tax withholding obligations in connection with the vesting of restricted share units (RSUs).
Key Details
- Transaction dates and prices: sales on 2026-06-15 (weighted-average and ranges per footnotes); award delivery on 2026-06-16 (reported acquisition price $0.00).
- Weighted-average sale prices reported; actual sale price ranges cited in footnotes: $145.485–$149.65 across the tranches (see filing footnotes F2–F6).
- Shares sold: 39,239; shares acquired (vested awards delivered): 255,062.
- Total proceeds from sales: ≈ $5.81 million. The award is reported at $0.00 (standard reporting for vested RSUs/PSUs on Form 4).
- Notable footnotes: F1 (sales to cover tax withholding); F7 (PSUs awarded June 14, 2023, performance certified June 16, 2026); F8–F9 (details on remaining unvested RSUs); F10 (some shares held by a GRAT of which she is trustee).
- Shares owned after the transactions are not specified in the summary provided. Filing date: June 17, 2026 (file appears timely).
Context
- The sales were listed as tax-withholding related (routine), which is a common reason insiders sell shares after awards vest and does not necessarily indicate a change in outlook.
- The June 16 acquisition reflects vested performance-based RSUs/PSUs that were certified and delivered; the sale of a portion of shares to cover withholding is consistent with that event.
- For retail investors: purchases typically draw more attention as a bullish signal; these sales appear administrative (tax-related) rather than directional insider buying.
Insider Transaction Report
Form 4
FLEX LTD.FLEX
Advaithi Revathi
DirectorChief Executive Officer
Transactions
- Sale
Ordinary Shares
[F1][F2]2026-06-15$146.00/sh−6,386$932,376→ 599,136 total - Sale
Ordinary Shares
[F1][F3]2026-06-15$147.06/sh−8,657$1,273,095→ 590,479 total - Sale
Ordinary Shares
[F1][F4]2026-06-15$148.14/sh−5,707$845,429→ 584,772 total - Sale
Ordinary Shares
[F1][F5]2026-06-15$148.99/sh−18,066$2,691,619→ 566,706 total - Sale
Ordinary Shares
[F1][F6]2026-06-15$149.55/sh−423$63,262→ 566,283 total - Award
Ordinary Shares
[F7][F8][F9]2026-06-16+255,062→ 821,345 total
Holdings
- 815,262(indirect: By GRAT)
Ordinary Shares
[F10]
Footnotes (10)
- [F1]The sales reported in this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted share units ("RSUs").
- [F10]Shares held by a grantor retained annuity trust ("GRAT") of which the reporting person is the trustee.
- [F2]Price reflects weighted average sales price; actual sales prices ranged from $145.485 to $146.48. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
- [F3]Price reflects weighted average sales price; actual sales prices ranged from $146.51 to $147.50. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
- [F4]Price reflects weighted average sales price; actual sales prices ranged from $147.51 to $148.50. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
- [F5]Price reflects weighted average sales price; actual sales prices ranged from $148.51 to $149.505. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
- [F6]Price reflects weighted average sales price; actual sales prices ranged from $149.51 to $149.65. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
- [F7]On June 14, 2023, the Reporting Person was awarded performance-based restricted share units ("PSUs") within a preset range, with the actual number contingent upon the achievement of a certain performance criterion with respect to the three-year performance period ending on June 14, 2026. The Issuer certified the achievement of the performance criterion on June 16, 2026, and the PSUs were subject to applicable taxes upon delivery.
- [F8]Includes the following: (1) 54,739 unvested RSUs, which will vest on June 12, 2027; and (2) 63,117 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2027.
- [F9]Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
Signature
/s/ Revathi Advaithi, by Kristine Murphy as attorney-in-fact|2026-06-17