X0306 4 2020-08-27 0000037472 FLEXSTEEL INDUSTRIES INC FLXS 0001520575 Schmidt Derek P P.O. BOX 877 DUBUQUE IA 52004 1 CFO & COO Common Stock 2020-08-27 4 P 0 22605 16.51 A 92677 D Common Stock 2020-08-27 4 P 0 650 16.53 A 650 I Christine Schmidt IRA Common Stock 2020-08-28 4 P 0 26948 16.80 A 119625 D Common Stock 2020-08-31 4 P 0 9140 16.41 A 128818.422 D Restricted Stock Units Common Stock 26469 26469 D Option 7/1/20 12.77 2021-07-01 2030-07-01 Common Stock 13566 13566 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 $16.19 to $16.65 on 8/27/2020, $16.71 to $16.90 on 8/28/20 and $16.24 to $16.66 on 8/31/20. 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. Included in the amount reported here are shares acquired under a dividend reinvestment plan through an employee 401(K) plan, exempt under rule 16b-3(c) and Rule 16a-3(f)(1)(i)(B). 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 vested 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 7/1/20, 9,062 restricted stock units were granted. These restricted stock units vest on June 30, 2023. /s/ Doa Yang, attorney-in-fact for Mr. Schmidt 2020-08-31