Kara Lynn Sprague - 01 Nov 2023 Form 4 Insider Report for F5, INC. (FFIV)

Role
EVP & GM, Application Services
Signature
/s/ Scot F. Rogers by Power of Attorney
Issuer symbol
FFIV
Transactions as of
01 Nov 2023
Net transactions value
$0
Form type
4
Filing time
03 Nov 2023, 18:48:30 UTC
Previous filing
02 Nov 2023
Next filing
05 Feb 2024
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 +2,594 +4.5% $0.000000 60,698 01 Nov 2023 Direct F1
transaction FFIV Common Stock Tax liability $0 -4,858 -8% $0.000000 55,840 01 Nov 2023 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 -858 -100% $0.000000* 0 01 Nov 2023 Common Stock 858 $0.000000 Direct F2, F3, F4
transaction FFIV Restricted Stock Unit Options Exercise $0 -640 -20% $0.000000 2,557 01 Nov 2023 Common Stock 640 $0.000000 Direct F2, F4, F5
transaction FFIV Restricted Stock Unit Options Exercise $0 -1,096 -11% $0.000000 8,764 01 Nov 2023 Common Stock 1,096 $0.000000 Direct F2, F4, F6
transaction FFIV Restricted Stock Unit Award $0 +12,507 $0.000000 12,507 01 Nov 2023 Common Stock 12,507 $0.000000 Direct F2, F4, F7, F8
* 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 November 2, 2020, November 1, 2021, and November 1, 2022 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 This November 1, 2022 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2023.
F7 Concurrent with the award of 12,507 service-based Restricted Stock Units, the Company granted the reporting person additional Restricted Stock Units the number of which that can be earned will be based on performance targets ("Performance RSUs"). If the performance targets are achieved at 100%, the reporting person can receive 14,594 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 and may be less if the reporting person does not remain employed during the vesting period. 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.
F8 This November 1, 2023 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2024.