FFIV insider award: 4,007 RSUs plus performance-based RSUs

Rhea-AI Filing Summary

F5, Inc. (FFIV) reported an insider equity grant on Form 4. The company awarded its EVP and General Counsel 4,007 service-based Restricted Stock Units (RSUs) on 11/03/2025, recorded at a $0 exercise price. These RSUs vest in twelve equal quarterly installments beginning 02/01/2026.

In addition, a separate grant of Performance RSUs was approved, with the number earnable based on performance targets. At 100% achievement, 4,007 Performance RSUs could be earned over the vesting period; the actual amount may be higher or lower depending on performance and continued service. Performance RSUs will be reported in Table I if and when the Compensation Committee determines target achievement. Following this grant, 4,007 derivative securities were beneficially owned, held directly.

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

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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^*

OKEKE ANGELIQUE M

(Last) (First) (Middle)

C/O F5, INC.

801 5TH AVENUE

(Street)

SEATTLE WA 98104

(City) (State) (Zip)

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)
	EVP, General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit(1)(2)	$0	11/03/2025		A		4,007		(3)	(4)	Common Stock	4,007	$0	4,007	D

Explanation of Responses:

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

2. Concurrent with the award of 4,007 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 4,007 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.

3. This November 3, 2025 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2026.

4. 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.

Remarks:

	/s/ Angelique M. Okeke	11/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did F5 (FFIV) disclose in this Form 4?

An award of 4,007 service-based RSUs to the EVP and General Counsel on 11/03/2025, plus a separate Performance RSU opportunity tied to targets.

How do the service-based RSUs vest for FFIV’s EVP and General Counsel?

They vest in twelve equal quarterly increments beginning on 02/01/2026.

What is the potential number of Performance RSUs at target for FFIV?

At 100% target achievement, the executive can receive 4,007 Performance RSUs over the vesting period, subject to continued service.

How are Performance RSUs reported for FFIV?

They are not reported in Table II; the underlying shares will be reported in Table I if and when the Committee confirms performance achievement.

What was the exercise price and post-grant balance disclosed?

The RSUs carry a $0 exercise price, and 4,007 derivative securities were beneficially owned following the transaction, held directly.

What is the insider’s role and relationship to FFIV?

The reporting person is an Officer, serving as EVP, General Counsel.