Tan Kwang Hooi 4
4 · FLEX LTD. · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Flex Ltd. (FLEX) COO Tan Kwang Hooi Sells Shares
What Happened
- Tan Kwang Hooi, Chief Operating Officer of Flex Ltd. (FLEX), sold a total of 35,638 shares in open-market transactions on June 17–18, 2026, receiving aggregate proceeds of approximately $5,155,339. These disposals were reported as sales (code S) and were made to cover tax withholding obligations in connection with the vesting of performance-based and other RSUs.
Key Details
- Transaction dates: June 17, 2026 (26,657 shares, ~$3.85M) and June 18, 2026 (8,981 shares, ~$1.30M). Total: 35,638 shares for ~$5.16M.
- Per-share prices on individual lines ranged roughly from $141.65 up to $146.41; aggregated/weighted prices and per-trade ranges are noted in the filing (individual sale prices ranged approximately $141.235–$146.41).
- Purpose: Sales were to cover tax withholding on vested performance-based RSUs/RSUs (footnotes F1 and F7).
- Remaining/unvested RSUs disclosed (footnote F10): 7,599 RSUs vesting in three equal annual installments beginning June 11, 2027; 11,991 RSUs vesting June 12, 2027; 14,643 RSUs vesting in two equal annual installments beginning June 12, 2027; and 72,578 RSUs vesting on September 25, 2027 — a total of 106,811 unvested RSUs (each representing one share when vested per F11).
- Filing timing: Form filed June 22, 2026 for trades on June 17–18; this is several days after the transactions and appears later than the usual two-business-day Form 4 deadline.
Context
- These were routine sell-to-cover transactions tied to RSU vesting, not open-market purchases; such sales are common and do not by themselves indicate a change in insider conviction. The filing includes weighted-average prices and notes that the reporting person can provide transaction-level price breakdowns on request.
Insider Transaction Report
Form 4
FLEX LTD.FLEX
Tan Kwang Hooi
Chief Operating Officer
Transactions
- Sale
Ordinary Shares
[F1][F2]2026-06-17$141.65/sh−500$70,827→ 283,684 total - Sale
Ordinary Shares
[F1][F3]2026-06-17$143.09/sh−4,830$691,109→ 278,854 total - Sale
Ordinary Shares
[F1][F4]2026-06-17$143.98/sh−5,753$828,312→ 273,101 total - Sale
Ordinary Shares
[F1][F5]2026-06-17$145.10/sh−13,196$1,914,750→ 259,905 total - Sale
Ordinary Shares
[F1][F6]2026-06-17$145.68/sh−2,378$346,417→ 257,527 total - Sale
Ordinary Shares
[F7][F8]2026-06-18$144.85/sh−2,947$426,866→ 254,580 total - Sale
Ordinary Shares
[F7][F9]2026-06-18$145.33/sh−5,934$862,417→ 248,646 total - Sale
Ordinary Shares
[F7][F10][F11]2026-06-18$146.41/sh−100$14,641→ 248,546 total
Footnotes (11)
- [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 performance-based restricted share units.
- [F10]Includes the following: (1) 7,599 unvested RSUs, which will vest in three equal annual installments beginning on June 11, 2027; (2) 11,991 unvested RSUs, which will vest on June 12, 2027; (3) 14,643 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2027; and (4) 72,578 unvested RSUs, which will vest on September 25, 2027.
- [F11]Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
- [F2]Price reflects weighted average sales price; actual sales prices ranged from $141.235 to $142.001. 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 $142.50 to $143.46. 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 $143.50 to $144.499. 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 $144.51 to $145.50. 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.
- [F6]Price reflects weighted average sales price; actual sales prices ranged from $145.51 to $145.965. 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]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").
- [F8]Price reflects weighted average sales price; actual sales prices ranged from $144.08 to $145.075. 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.
- [F9]Price reflects weighted average sales price; actual sales prices ranged from $145.08 to $146.05. 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.
Signature
/s/ Tan Kwang Hooi, by Kristine Murphy as attorney-in-fact|2026-06-22