HIGGINSON ALAN 4

What Happened

• Alan Higginson, a director of F5, Inc. (FFIV), reported a derivative conversion on March 11, 2026: 934 units were reflected as acquired at $0.00 and the corresponding derivative position was reported as disposed (code M = exercise/conversion). No cash was paid (exercise price $0.00). This was a conversion of a derivative award (restricted stock units), not an open-market purchase or sale of shares.

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-13 (timely filing)
• Transaction type/code: M — exercise/conversion of derivative (RSU conversion to common shares)
• Shares acquired: 934 shares at $0.00 exercise price; derivative disposed: 934 units
• Shares owned after transaction: Not specified in the provided filing
• Footnotes: F1–F3 state each Restricted Stock Unit (RSU) converts to one share upon vesting and that vesting/issuance is contingent on continued service through the vest date (vesting tied to the fiscal 2025 annual meeting timing)
• No evidence of a 10b5-1 plan, cashless sale, gift, or tax-withholding sale noted in the provided entry

Context

• This report documents a conversion of RSUs into shares (a non-cash, award-related event). Such conversions are routine for executives and directors when awards vest or are converted and do not by themselves indicate buying or selling sentiment in the open market.