Tan Kwang Hooi 4

What Happened

• Tan Kwang Hooi, Chief Operating Officer of Flex Ltd. (FLEX), reported four open‑market sales on June 15, 2026 totaling 10,540 shares disposed for aggregate proceeds of $1,560,134. The individual sale lots were: 1,702 shares @ $146.09 ($248,653); 1,838 shares @ $147.06 ($270,305); 1,770 shares @ $147.97 ($261,901); and 5,230 shares @ $149.00 ($779,275).
• On June 16, 2026 the reporting person acquired 48,582 shares (reported as an award/grant at $0.00), reflecting performance‑based restricted share units (PSUs) that vested after certification of the performance condition.

Key Details

• Transaction types: S = Sale (open market/private sale) on 2026-06-15; A = Award/Grant (PSU delivery) on 2026-06-16.
• Sale proceeds: ~$1.56 million for 10,540 shares. Awarded shares: 48,582 shares delivered at no cash price.
• Price details: the filing reports weighted average prices; actual sale prices ranged by lot — $145.486–$146.485; $146.49–$147.485; $147.50–$148.49; and $148.537–$149.525 (reporting person will provide exact per‑price breakdown on request).
• Reason for sales: the shares were sold to cover tax‑withholding obligations upon RSU/PSU vesting (footnote indicates tax withholding).
• Unvested RSUs: footnotes list 106,811 unvested RSUs across several grant schedules (each RSU converts to one share upon vesting).
• Filing timeliness: Form 4 filed June 17, 2026 for transactions on June 15–16, 2026 (appears timely under Form 4 reporting rules).

Context

• These sales appear to be routine tax‑withholding dispositions tied to equity compensation vesting (not necessarily a market sentiment signal). The June 16 delivery followed certification of a three‑year PSU performance period (awarded June 14, 2023; certified June 16, 2026).
• For retail investors: purchases tend to be more informative than sales. Here, the sale proceeds were used to satisfy taxes related to the newly vested awards, while the reporting person received a substantial number of shares from performance vesting.