Dreyer Michael L 4

What Happened Michael L. Dreyer, a director of F5, Inc. (FFIV), sold 3,067 shares in an open-market transaction on February 20, 2026. The shares were sold at $282.41 each, generating proceeds of approximately $866,137. This was a sale (code S) rather than a purchase or option exercise.

Key Details

• Transaction date and price: 2026-02-20 — 3,067 shares sold at $282.41 per share (total ≈ $866,137).
• Filing date: Form 4 filed 2026-02-23 (filed within required reporting window).
• Shares owned after transaction: Not specified in the information provided in this summary — see the filed Form 4 for post-transaction holdings.
• Notable footnotes: None reported (no 10b5-1 plan, tax withholding, or other qualifiers indicated in the provided details).

Context Sales by directors are common and can reflect routine portfolio management or liquidity needs; they are not, by themselves, a clear signal of company prospects. Purchases by insiders tend to be more directly interpreted as bullish, while single sales like this are typically informational for investors tracking insider activity. For full details, consult the SEC Form 4 filing (accession 0001560297-26-000002).