Tan Kwang Hooi 4

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.