I don't believe it is vented, depending on the plugs and nozzles that are used. And I believe the venting would have to be on the part of the IEM that is not inserted into your ear in order to be effective. The black overall bass filter does have a vent, while the gray has only a very small vent. And if you use the red sub-bass it is completely sealed. This is how it extends deep bass. Its like an acoustic suspension speaker, it extends bass deeper than a comparable ported design. Porting a speaker gives overall increased bass response (this would correspond to the second (non-sub) bass filter. That's why the black or no bass filter gives more overall bass. Using the red sub-bass extends the sub-bass deeper.
I think driver flex is also somewhat dependent on the individual and how the tips seal in the ears. Often using foam tips helps as the pressure equilibrates more slowly but only if the foam stays compressed long enough to get them properly inserted. Even then, if you adjust them again, you might get flex.