Budnik Marianne 4

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.