FLEX CEO Revathi Advaithi Transfers 35,051 Shares to Irrevocable Trust

What Happened
Revathi Advaithi, CEO of FLEX Ltd. (FLEX), recorded a disposition on 2026-08-18 of 35,051 directly owned ordinary shares. The Form 4 shows a $0.00 per-share value (total $0) because the shares were transferred to an irrevocable trust established for the benefit of her children to satisfy her obligations under a $4,376,143.09 promissory note.

Key Details

• Transaction date: 2026-08-18; Form 4 filed: 2026-08-20 (appears timely, two business days after the transaction).
• Reported transaction type/code: "Other acquisition or disposition (J)" — disposition recorded at $0.00.
• Shares transferred: 35,051 ordinary shares; reported monetary consideration on the Form 4: $0.00.
• Footnote F1: Transfer to an irrevocable trust for the benefit of the Reporting Person’s children; transfer satisfied a $4,376,143.09 promissory note.
• Additional footnotes: F2/F3 detail 117,856 unvested RSUs (54,739 vesting June 12, 2027, and 63,117 vesting in two equal annual installments starting June 12, 2027); each RSU converts to one share upon vesting. F4/F5 note prior transfers of 215,685 shares each to two grantor retained annuity trusts (GRAT I and GRAT II) that were exempt under Rule 16a-13.
• Shares owned after transaction: not specified in the provided summary of the filing.

Context
This was a transfer to a family irrevocable trust in satisfaction of a promissory note, not an open-market sale; such transfers often reflect estate/planning or financing arrangements rather than a straightforward disposition for cash and are not by themselves a direct signal of CEO sentiment on the company’s stock. The Form 4 treats the move as an “other” disposition (code J) and reports $0 consideration; prior GRAT transfers noted in the filing were reported as exempt under Rule 16a-13.