Are the FFIV share dispositions in this filing open-market sales?

No, the 840-share disposition is coded as an “F” transaction, meaning shares were delivered to pay the exercise price or tax liability. This reflects tax withholding or exercise costs, rather than a discretionary open-market sale of F5, Inc. stock.

FFIV CTO exercises equity awards, covers taxes in stock

F5, Inc. Chief Technology Ops Officer Michael F. Montoya reported compensation-related equity activity involving company stock.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

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.

Insider Trade Summary

2,137 shares exercised/converted

Exercise 5 txns

Insider MONTOYA MICHAEL F

Role Chief Technology Ops Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	534	$0.00	$0.00
Exercise	Restricted Stock Unit	1,603	$0.00	$0.00
Exercise	Common Stock	2,137	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	840	$323.20	$271K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 14,957 contracts (Direct); Common Stock — 4,439 shares (Direct); Common Stock — 4,252 shares (Indirect, By Family Trust)

Footnotes (6)

F1. Shares acquired upon the vesting of the November 3, 2025 awards of service-based Restricted Stock Units.
F2. 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.
F3. Each Restricted Stock Unit represents a contingent right to receive one share of F5, Inc. Common Stock on the vest date.
F4. 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.
F5. 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.
F6. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many FFIV shares were used to cover taxes or exercise costs?

A total of 840 shares of F5, Inc. Common Stock were disposed of at a price of $323.20 per share. The filing describes this as payment of the exercise price or tax liability by delivering securities, not as an open-market sale transaction.

How many FFIV shares does Michael Montoya hold after these transactions?

After the reported activity, Michael F. Montoya directly owned 4,439 shares of F5, Inc. Common Stock. He also had indirect ownership of 4,252 shares held in a trust for his children, where he serves as co‑trustee of the family trust.

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.

How is the family trust ownership of FFIV shares described?

The filing notes that certain shares are held in a trust for the benefit of Michael Montoya’s children. It states he is a co‑trustee of the trust, and these 4,252 shares of F5, Inc. Common Stock are reported as indirectly owned through that family trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/05/2026 - 05:44 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MONTOYA MICHAEL F

(Last)

(First)

(Middle)

C/O F5, INC.

801 5TH AVENUE

(Street)

SEATTLE

WASHINGTON

98104

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
F5, INC. [ FFIV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Technology Ops Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/01/2026		M		2,137⁽¹⁾	A	$0	5,279	D
Common Stock	05/01/2026		F		840	D	$323.2	4,439	D
Common Stock								4,252	I	By Family Trust⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit⁽³⁾	$0	05/01/2026		M			534	⁽⁴⁾	⁽⁵⁾	Common Stock	534	$0	5,342	D
Restricted Stock Unit⁽³⁾	$0	05/01/2026		M			1,603	⁽⁶⁾	⁽⁵⁾	Common Stock	1,603	$0	9,615	D

Explanation of Responses:

1. Shares acquired upon the vesting of the November 3, 2025 awards of service-based Restricted Stock Units.

2. 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.

3. Each Restricted Stock Unit represents a contingent right to receive one share of F5, Inc. Common Stock on the vest date.

4. 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.

5. 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.

6. 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.

Remarks:

	/s/ Angelique M. Okeke by Power of Attorney	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR