Geng Lin - 01 Nov 2022 Form 4 Insider Report for F5, INC. (FFIV)

Role
EVP, Chief Technology Officer
Signature
/s/ Scot F. Rogers by Power of Attorney
Issuer symbol
FFIV
Transactions as of
01 Nov 2022
Net transactions value
$0
Form type
4
Filing time
03 Nov 2022, 18:10:21 UTC
Previous filing
02 Nov 2022
Next filing
10 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIV Common Stock Options Exercise $0 +2,918 +23% $0.000000 15,683 01 Nov 2022 Direct F1
transaction FFIV Common Stock Tax liability $0 -3,350 -21% $0.000000 12,333 01 Nov 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FFIV Restricted Stock Unit Options Exercise $0 -635 -20% $0.000000 2,541 01 Nov 2022 Common Stock 635 $0.000000 Direct F2, F3, F4
transaction FFIV Restricted Stock Unit Options Exercise $0 -387 -11% $0.000000 3,100 01 Nov 2022 Common Stock 387 $0.000000 Direct F2, F4, F5
transaction FFIV Restricted Stock Unit Options Exercise $0 -1,382 -25% $0.000000 4,145 01 Nov 2022 Common Stock 1,382 $0.000000 Direct F2, F4, F6
transaction FFIV Restricted Stock Unit Options Exercise $0 -514 -100% $0.000000* 0 01 Nov 2022 Common Stock 514 $0.000000 Direct F2, F4, F7
transaction FFIV Restricted Stock Unit Award $0 +7,611 $0.000000 7,611 01 Nov 2022 Common Stock 7,611 $0.000000 Direct F2, F4, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired upon vesting of the August 1, 2019, November 1, 2019, November 2, 2020 and November 1, 2021 awards of service-based Restricted Stock Units.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of F5, Inc. Common Stock on the vest date.
F3 This November 2, 2020 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2021.
F4 If the reporting person continues to provide services to the Company through the vest date, the corresponding number of shares of Common Stock of F5, Inc. will be issued to the reporting person on the vest date.
F5 This November 1, 2021 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2022.
F6 Twenty five percent (25%) of this August 1, 2019 award of service-based Restricted Stock Units vests on August 1, 2020, and the remaining seventy five percent (75%) vests in twelve equal quarterly increments beginning November 1, 2020.
F7 This November 1, 2019 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2020.
F8 Concurrent with the award of 7,611 service-based Restricted Stock Units, the Company granted the reporting person additional Restricted Stock Units that vest based on performance targets ("Performance RSUs"). If the performance targets are achieved at 100%, the reporting person will receive 7,611 Performance RSUs over the vesting period; the actual number of Performance RSUs received may be more or less depending on whether and to the extent that performance is greater than or less than targets. The Performance RSUs vests over a three-year period in three equal annual installments. Performance RSUs are not reported in Table II; the underlying shares of Performance RSUs will be reported in Table I if and when the Talent and Compensation Committee of the Board of Directors determines that the performance targets have been achieved.
F9 This November 1, 2022 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2023.