SCHEDULE: Flexsteel Insider's Trust Increases Stake to 5.9%

Jeffrey T. Bertsch's trust increased its beneficial ownership in Flexsteel Industries Inc. to 5.9% following the dissolution of another family trust.

Summary

• Jeffrey T. Bertsch Amended and Restated Trust Agreement dated December 26, 1987 (JTB Revocable Trust) and Jeffrey T. Bertsch now beneficially own 310,241 shares of Flexsteel Industries Inc. common stock.
• This aggregate amount represents 5.9% of the class of securities.
• The Frank H. Bertsch Trust, No. 2 dated January 25, 1974 (Terminated FHB Trust) was dissolved on October 7, 2025.
• A portion of the shares previously held by the Terminated FHB Trust were distributed to the JTB Revocable Trust.
• As a result of the dissolution and distribution, the Terminated FHB Trust no longer beneficially owns any shares of the issuer's common stock.
• Jeffrey T. Bertsch, as trustee of the JTB Revocable Trust, holds sole voting and dispositive power over the 310,241 shares.

Sentiment

Score: 7

Explanation: The increase in beneficial ownership by an insider, Jeffrey T. Bertsch, and his trust, to 5.9% of the company's common stock, can be viewed positively by investors as it signals continued confidence in the company. The dissolution of a family trust and subsequent distribution of shares to another family trust is an internal restructuring and not indicative of operational issues. The filing explicitly states the shares were not acquired to influence control, suggesting a passive, long-term investment.

Positives

• Increased beneficial ownership by an insider (Jeffrey T. Bertsch) and his trust, now holding 5.9% of Flexsteel Industries Inc. common stock, which can signal confidence in the company's future.
• The filing explicitly states that the securities were not acquired for the purpose of changing or influencing control of the issuer, indicating a passive investment intent.

Negatives

• NA

Risks

• NA

Future Outlook

NA (This filing is a disclosure of beneficial ownership and does not provide a future outlook or guidance.)

Management Comments

• NA (This filing is a regulatory disclosure of ownership and does not include direct management comments or quotes.)

Industry Context

NA (This filing pertains to a change in beneficial ownership by an insider and does not provide information for industry context analysis.)

Comparison to Industry Standards

• NA (This filing is a disclosure of beneficial ownership and does not contain information for comparison to industry standards.)

Management Changes

Corporate Governance

Legal Proceedings

• NA (The filing does not mention any legal proceedings or regulatory matters.)

Related Party Transactions

• NA (The filing describes an internal restructuring of beneficial ownership among family trusts, not a transaction between the company and a related party.)

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed as a positive signal of confidence in the company's long-term prospects.
• Employees, Customers, Suppliers, Creditors: No direct or immediate impact from this change in beneficial ownership.

Next Steps

• NA (The filing is a disclosure of a past event (trust dissolution and share distribution) and does not outline future actions or milestones for the company.)

Key Dates

Recommendation

This Schedule 13G filing reports a routine change in beneficial ownership due to an internal family trust restructuring. While an increase in insider ownership can be a positive signal of confidence, this filing does not contain new operational or financial information that would warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals.

Keywords

Flexsteel Industries, FLEX, Beneficial Ownership, Schedule 13G, Insider Ownership, Trust, Common Stock, Shareholding