MEHTA NIKHIL RAMESH 4

4 · F5, INC. · Filed Mar 13, 2026

AI-generated summary of this filing

Updated Mar 13, 2026

F5 (FFIV) Director Nikhil Mehta Exercises Derivative, Receives RSUs

What Happened

Nikhil Ramesh Mehta, a director of F5, Inc. (FFIV), executed two types of insider transactions. On 2026-03-11 he recorded an exercise/conversion of 934 derivative units (Form 4 code M) showing both an acquisition and a matching disposition of 934 shares at $0.00 (total value $0). On 2026-03-12 he was granted 987 restricted stock units (RSUs) (code A) at $0.00 (total value $0).
These were not open-market purchases or sales of common stock; the 03/12 activity is an equity award (compensation), and the 03/11 activity is reported as an exercise/conversion of a derivative instrument.

Key Details

Transaction dates and prices:
- 2026-03-11: Exercise/conversion (M) — 934 shares acquired @ $0.00; 934 shares disposed @ $0.00 (reported as derivative).
- 2026-03-12: Grant/award (A) — 987 RSUs @ $0.00.
Reported dollar value: $0 for all reported transactions (price per share $0.00).
Shares owned after transaction: not disclosed in this filing.
Footnotes of note:
- F1: Each RSU represents a contingent right to one share on the vesting date.
- F2/F4: Certain RSUs vest on the first business day prior to the annual shareholder meeting for fiscal 2025 (to be held in 2026) and fiscal 2026 (to be held in 2027), provided he continues to serve as a director.
- F3: RSUs are issued on the vest date if the reporting person continues to provide services through that date.
Timeliness: Form 4 filed 2026-03-13 for transactions on 2026-03-11 and 2026-03-12 — appears timely (filed within the standard Form 4 window).

Context

Code M indicates an exercise or conversion of a derivative; code A indicates an award/grant (RSUs). The filing shows a matching disposition on 3/11 related to the 934-unit conversion but does not specify the reason for the disposition (the filing provides no additional explanation).
RSU grants are compensation and are contingent on continued service and the stated vesting conditions; they are not the same as open-market purchases and do not by themselves signal a change in insider sentiment about the stock.

Form 4

Period: 2026-03-11

Director

Transactions

Exercise/Conversion
Common Stock
2026-03-11+934→ 11,043 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