SEC Form 4 · accession 0000919574-26-005665
Flex LNG Ltd. · FLNG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Halfdan Marius Foss
Officer — Chief Executive Officer
Period of report
Aug 20, 2026
Accepted (ET)
Aug 21, 2026 · 4:25 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001772253
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Synthetic optionsF1,F2,F3 | $20.75 | Aug 20, 2026 | M | 27,575 | A | Jun 24, 2026 | Jun 24, 2030 | Cash-settled synthetic option | — | 167,042 | D |
Explanation of responses
- F1On August 20, 2026, the reporting person exercised 27,575 vested synthetic options for cash settlement pursuant to the Issuer's Synthetic Option Scheme. The cash settlement value was determined based on the closing price of the Issuer's ordinary shares on the New York Stock Exchange on August 19, 2026 of $32.48 per share less the strike price of $20.75 per synthetic share option, which reflects adjustments made pursuant to the Issuer's Synthetic Option Scheme, including adjustments for dividends. No ordinary shares were issued upon exercise.
- F2The reported exercise relates to the first tranche of synthetic options granted on June 24, 2025 under the Issuer's Synthetic Option Scheme. This tranche consisted of 27,575 synthetic options, all of which vested on June 24, 2026 and became exercisable upon vesting. The synthetic options issued pursuant to the Issuer's Synthetic Option Scheme vest over a three-year period in increments of one-third per annum with initial vesting on June 24, 2026 and subsequent vesting on June 24, 2027 and June 24, 2028.
- F3The reported securities are cash-settled synthetic options granted under the Issuer's Synthetic Option Scheme and do not represent a right to acquire ordinary shares of the Issuer.