Hotchkis & Wiley (FFIV) discloses 9.42% beneficial stake in F5 common stock

Rhea-AI Filing Summary

Hotchkis and Wiley Capital Management, LLC filed an amended Schedule 13G reporting a significant institutional stake in F5, Inc.. The firm, a Delaware investment adviser, reports beneficial ownership of 5,473,375 shares of F5 common stock, representing 9.42% of the outstanding class.

Hotchkis and Wiley has sole voting power over 4,964,545 shares and sole dispositive power over the full 5,473,375 shares, with no shared voting or dispositive authority. The securities are held in client accounts; those clients receive dividends and sale proceeds, while Hotchkis and Wiley certifies the holdings are in the ordinary course of business and not for influencing control.

Insights

Equity ownership and governance analyst

Institutional investor discloses a 9.42% passive stake in F5.

Hotchkis and Wiley Capital Management, LLC reports beneficial ownership of 5,473,375 F5, Inc. common shares, or 9.42% of the class. It has sole voting power on 4,964,545 shares and sole dispositive power on the full amount, indicating centralized decision-making over a large block.

The firm states the position is held in the ordinary course of business and not for the purpose of changing or influencing control, aligning with Schedule 13G’s passive filing status. Economic benefits, such as dividends and sale proceeds, accrue to advisory clients rather than the adviser itself.

This filing highlights a sizable institutional holder in F5 as of 12/31/2025. Actual market impact depends on future portfolio decisions by the adviser and its clients, which are not detailed here and would appear only in subsequent ownership updates.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

F5, INC.

(Name of Issuer)

Common stock, no par value

(Title of Class of Securities)

315616102

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 315616102

1

Names of Reporting Persons

Hotchkis and Wiley Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,964,545.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,473,375.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,473,375.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.42 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: F5, INC.
(b)	Address of issuer's principal executive offices: 801 5TH AVENUE, SEATTLE, WA, 98104
Item 2.
(a)	Name of person filing: Hotchkis and Wiley Capital Management, LLC
(b)	Address or principal business office or, if none, residence: 601 S. Figueroa Street, 39th Fl, Los Angeles, CA 90017
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common stock, no par value
(e)	CUSIP No.: 315616102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5,473,375
(b)	Percent of class: 9.42%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,964,545
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5,473,375
	(iv) Shared power to dispose or to direct the disposition of: 0 Note that certain of HWCM's clients have retained voting power over the Common Shares that they beneficially own. Accordingly, HWCM has the power to dispose of more Common Shares than it can vote.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The securities as to which this Schedule is filed by HWCM, in its capacity as investment adviser, are owned of record by clients of HWCM. Those clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such securities. No such client is known to have such right or power with respect to more than five percent of this class of securities.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Hotchkis and Wiley Capital Management, LLC

Signature:	Tina H. Kodama
Name/Title:	Tina H. Kodama | Chief Compliance Officer
Date:	02/17/2026

FAQ

What stake in F5 (FFIV) does Hotchkis and Wiley report in this Schedule 13G/A?

Hotchkis and Wiley Capital Management, LLC reports beneficial ownership of 5,473,375 F5, Inc. shares, or 9.42% of the common stock. This sizable position makes the firm a major institutional holder, with the stake measured as of the event date in late 2025.

How much voting and dispositive power over F5 (FFIV) shares does Hotchkis and Wiley have?

Hotchkis and Wiley reports sole voting power over 4,964,545 F5 shares and sole dispositive power over 5,473,375 shares. It reports no shared voting or dispositive authority, meaning decisions about selling or holding this block are controlled by the adviser alone.

Is Hotchkis and Wiley’s F5 (FFIV) position reported as passive or activist?

The filing certifies the F5 stake was acquired and is held in the ordinary course of business, not to change or influence control. This language is consistent with a passive institutional investment reported on Schedule 13G rather than an activist intent.

Who ultimately benefits economically from the F5 (FFIV) shares managed by Hotchkis and Wiley?

The F5 shares reported are owned of record by Hotchkis and Wiley’s advisory clients, not the adviser itself. These clients have the right to receive dividends and proceeds from any sale, while the adviser exercises investment discretion over the positions.

Does any single Hotchkis and Wiley client own more than 5% of F5 (FFIV)?

The filing states no individual client is known to hold more than five percent of F5’s common stock. While Hotchkis and Wiley’s clients collectively reach 9.42%, each client’s interest is below the five percent threshold for this securities class.

What type of entity is Hotchkis and Wiley in this F5 (FFIV) ownership filing?

Hotchkis and Wiley Capital Management, LLC is a Delaware investment adviser filing on Schedule 13G. It manages F5 shares on behalf of clients, exercising voting and dispositive power while those clients retain the economic benefits from dividends and potential share sales.