Advaithi Revathi 4

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.