X0306 4 2020-05-07 0000037472 FLEXSTEEL INDUSTRIES INC FLXS 0001520575 Schmidt Derek P P.O. BOX 877 DUBUQUE IA 52004 1 CFO & COO Common Stock 2020-05-07 4 P 0 10820 8.32 A 22415 D Restricted Stock Units Common Stock 30000 30000 D Option 4/6/20 9.97 2020-04-06 2030-04-06 Common Stock 108884 108884 D The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.27 to $8.35. The reporting person undertakes to provide to Flexsteel Industries, Inc., any security holder of Flexsteel Industries, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. On 4/6/20, 4,905 shares of restricted stock was granted. The restricted shares vest in two installments. On July 1, 2020, 2,453 shares shall vest and on January 1, 2021, 2,452 shares shall vest. Each restricted stock unit represents a contingent right to receive one share of FLXS common stock. On 4/6/20, 25,185 restricted stock units were granted. The restricted stock units vest in two installments. On July 1, 2020, 12,593 shares shall vest and on January 1, 2021, 12,592 shares shall vest. On 4/6/20 4,815 restricted stock units were granted. These restricted stock units vest on June 30, 2022. On 4/6/20 108,884 options were issued. These options shall vest on April 6, 2023. /s/ Doa Yang, attorney-in-fact for Mr. Schmidt 2020-05-07