X0306 4 2020-08-07 0 0000866374 FLEX LTD. FLEX 0001068045 CAPELLAS MICHAEL D C/O FLEXTRONICS INTERNATIONAL USA, INC. 6201 AMERICA CENTER DRIVE SAN JOSE CA 95002 1 0 0 0 Ordinary Shares 2020-08-07 4 A 0 15866 0.00 A 242072 D Ordinary Shares 2020-08-07 4 A 0 4288 0.00 A 246360 D On August 7, 2020, the Reporting Person was awarded a total of 15,866 restricted share units ("RSUs") pursuant to the terms of the annual equity award to Non-Management Directors under the Issuer's Amended and Restated 2017 Equity Incentive Plan as more fully described in the section titled "Fiscal Year 2020 Non-Management Directors' Compensation" beginning on page 26 of the Issuer's Proxy Statement filed with the SEC on June 26, 2020. Each RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not previously forfeited. The award shall vest in full on the date immediately prior to the date of Issuer's 2021 annual general meeting. On August 7, 2020, the Reporting Person was awarded a total of 4,288 RSUs pursuant to the terms of the additional annual equity award to the Chairman of the Board under the Issuer's Amended and Restated 2017 Equity Incentive Plan as more fully described in the section titled "Fiscal 2020 Non-Management Directors' Compensation" beginning on page 26 of the Issuer's Proxy Statement filed with the SEC on June 26, 2020. Each RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not previously forfeited. The award shall vest in full on the date immediately prior to the date of Issuer's 2021 annual general meeting. Includes 20,154 unvested RSUs, which vest in full on the date immediately prior to the date of Issuer's 2021 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited. /s/ Michael D. Capellas, by Heather Childress as attorney-in-fact 2020-08-07