Budnik Marianne 4

4 · F5, INC. · Filed Mar 13, 2026

AI-generated summary of this filing

Updated Mar 13, 2026

F5 (FFIV) Director Marianne Budnik Exercises Derivative, Receives RSUs

What Happened

Marianne Budnik, a director of F5, Inc. (FFIV), reported a conversion/exercise of a derivative on 2026-03-11 that resulted in 934 shares being acquired at $0.00 and a simultaneous reporting of 934 shares disposed as a derivative (both at $0.00). On 2026-03-12 she was granted 987 restricted stock units (RSUs) reported as an award at $0.00. No cash value was paid or received in these reported entries (all shown at $0.00).

Key Details

Transaction dates and prices:
- 2026-03-11: Exercise/conversion (code M) — 934 shares acquired @ $0.00; 934 shares disposed (derivative) @ $0.00.
- 2026-03-12: Grant/award (code A) — 987 RSUs awarded @ $0.00.
Total reported transaction value: $0 (per reported prices).
Shares owned after the transactions: Not specified in the provided excerpt of the filing.
Footnotes of note:
- F1: Each RSU is a contingent right to one share on the vest date.
- F2–F4: RSU vesting tied to service and the company’s annual shareholder meetings (vesting dates described for fiscal 2025 and fiscal 2026).
Filing timeliness: Report covers transactions on 2026-03-11 and was filed 2026-03-13 — appears timely under typical Form 4 reporting rules.

Context

The entries involve conversion/settlement of derivative rights and the grant of RSUs rather than open-market buying or selling. The $0.00 price typically indicates conversion or grant/issuance mechanics (not a cash purchase or sale).
The awarded RSUs are contingent on continued service and will convert to common stock if and when they vest per the footnotes; such awards are compensation-related and not necessarily a directional market signal.

Form 4

Period: 2026-03-11

Director

Transactions

Exercise/Conversion
Common Stock
2026-03-11+934→ 2,141 total
Exercise/Conversion
Restricted Stock Unit
[F1][F2][F3]
2026-03-11−934→ 0 total
Exercise: $0.00→ Common Stock (934 underlying)
Award
Restricted Stock Unit
[F1][F4][F3]
2026-03-12+987→ 987 total
Exercise: $0.00→ Common Stock (987 underlying)

Footnotes (4)

[F1]Each Restricted Stock Unit represents a contingent right to receive one share of F5, Inc. Common Stock on the vest date.
[F2]Restricted Stock Units will fully vest on the first business day prior to the date of the annual shareholder meeting for fiscal 2025 (to be held in 2026) if the reporting person continues to serve as a director on the vest date, and the corresponding number of shares of Common Stock of F5, Inc. will be issued to the reporting person on the vest date.
[F3]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.
[F4]Restricted Stock Units will fully vest on the first business day prior to the date of the annual shareholder meeting for fiscal 2026 (to be held in 2027) if the reporting person continues to serve as a director on the vest date, and the corresponding number of shares of Common Stock of F5, Inc. will be issued to the reporting person on the vest date.

Signature

/s/ Angelique M. Okeke by Power of Attorney|2026-03-13

1 file