Tan Kwang Hooi 4

What Happened

• Tan Kwang Hooi, Chief Operating Officer of FLEX Ltd., received 48,582 performance-based restricted share units (PSUs) that vested on May 8, 2026. To cover tax withholding on delivery, he sold 26,175 of those shares in multiple open-market transactions on May 11, 2026, generating total proceeds of approximately $3,726,491.
• Sales by tranche (May 11, 2026):
  • 1,932 shares @ $138.58 = $267,728
  • 2,398 shares @ $139.66 = $334,905
  • 2,830 shares @ $140.63 = $397,989
  • 1,731 shares @ $141.53 = $244,982
  • 4,487 shares @ $142.75 = $640,530
  • 8,081 shares @ $143.51 = $1,159,741
  • 4,716 shares @ $144.32 = $680,616

Key Details

• Transaction dates: PSUs vested May 8, 2026; shares sold May 11, 2026; Form 4 filed May 12, 2026. Filing appears timely.
• Total sold: 26,175 shares for ~$3.73M in proceeds. Total awarded (vested): 48,582 PSUs. Net remaining from this award (if no other transfers) = 22,407 shares.
• Footnotes: (F1) PSUs were performance-based and certified vested on May 8, 2026; (F2) the sales were to cover tax withholding; (F3–F9) the listed prices are weighted-average prices with specified price ranges for each tranche; (F10–F11) lists other unvested RSUs (totaling 134,718 unvested RSUs across multiple vesting schedules) and that each RSU converts to one share upon vesting.
• No 10b5-1 trading plan or late filing is indicated in the provided filing.

Context

• This filing combines an award (A) — the vesting/delivery of performance PSUs — and open-market sales (S) used for tax withholding. Such withholding-related sales are routine and do not necessarily signal the insider's view on the company's stock. Purchases by insiders are generally more indicative of bullish sentiment; these transactions primarily reflect compensation tax obligations.