F5 (NASDAQ: FFIV) CTO exercises stock units, withholds shares for taxes and holds family trust stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
F5, Inc. Chief Technology Ops Officer Michael F. Montoya reported compensation-related equity activity involving company stock. On May 1, 2026, he exercised derivative awards to acquire additional shares of F5, Inc. Common Stock, including Restricted Stock Units that vest based on continued service.
As part of the same event, 840 shares of Common Stock were disposed of at $323.20 per share to cover the exercise price or related tax obligations rather than through an open-market sale. Following these transactions, he held 4,439 Common shares directly and 4,252 Common shares indirectly through a family trust for his children, where he serves as co‑trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,137 shares exercised/converted
Mixed
5 txns
Insider
MONTOYA MICHAEL F
Role
Chief Technology Ops Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 534 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,603 | $0.00 | -- |
| Exercise | Common Stock | 2,137 | $0.00 | -- |
| Tax Withholding | Common Stock | 840 | $323.20 | $271K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 5,342 shares (Direct, null);
Common Stock — 5,279 shares (Direct, null);
Common Stock — 4,252 shares (Indirect, By Family Trust)
Footnotes (1)
- Shares acquired upon the vesting of the November 3, 2025 awards of service-based Restricted Stock Units. These shares are held in a trust for the benefit of the reporting person's children. The reporting person is a co-trustee of the trust. Each Restricted Stock Unit represents a contingent right to receive one share of F5, Inc. Common Stock on the vest date. This November 3, 2025 award of service-based Restricted Stock Units shall vest in consecutive equal quarterly increments over 3 years, with the first vest on February 1, 2026 and the final vest on November 1, 2028. 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. This November 3, 2025 award of service-based Restricted Stock Units shall vest in consecutive equal quarterly increments over 2 years, with the first vest on February 1, 2026 and the final vest on November 1, 2027.
Key Figures
Tax-withholding shares: 840 shares
Tax-withholding price: $323.20 per share
Derivative exercise shares: 2,137 shares
+4 more
7 metrics
Tax-withholding shares
840 shares
Common Stock delivered to cover exercise price or tax liability at $323.20 per share
Tax-withholding price
$323.20 per share
Price for 840 Common shares used to pay exercise price or taxes
Derivative exercise shares
2,137 shares
Common Stock acquired via exercise or conversion of derivative awards
Direct holdings after transactions
4,439 shares
F5, Inc. Common Stock directly owned following reported Form 4 activity
Indirect family trust holdings
4,252 shares
Common Stock held in a trust for Montoya’s children, where he is co‑trustee
RSU tranche 1
1,603 units
Service-based Restricted Stock Units exercised or converted into Common Stock
RSU tranche 2
534 units
Additional service-based Restricted Stock Units exercised or converted into Common Stock
Key Terms
Restricted Stock Unit, service-based Restricted Stock Units, tax-withholding disposition, Family Trust, +1 more
5 terms
Restricted Stock Unit financial
"Shares acquired upon the vesting of the November 3, 2025 awards of service-based Restricted Stock Units."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
service-based Restricted Stock Units financial
"This November 3, 2025 award of service-based Restricted Stock Units shall vest in consecutive equal quarterly increments over 3 years"
Service-based restricted stock units are promises by a company to give employees shares of stock only after they remain employed for a specified period; the stock is delivered gradually or all at once once the service condition is met. Investors care because these awards affect future share supply and company costs, align employee interests with long-term performance, and can influence dilution and earnings reports when the promised shares are recorded or issued.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Family Trust financial
"These shares are held in a trust for the benefit of the reporting person's children. The reporting person is a co-trustee of the trust."
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share of F5, Inc. Common Stock on the vest date."
FAQ
What did FFIV executive Michael Montoya report in this Form 4?
Michael F. Montoya reported equity compensation activity, including exercises of derivative awards and related share dispositions for taxes. These transactions increased his direct Common Stock holdings while a portion of shares was withheld or delivered to satisfy exercise price or tax liabilities.
What role do Restricted Stock Units play in this FFIV Form 4?
The Form 4 shows Restricted Stock Unit awards being exercised or converted into Common Stock. Footnotes explain these are service-based RSUs, vesting in equal quarterly increments over multi-year periods if Montoya continues providing services to F5, Inc. through each vesting date.