MONTOYA MICHAEL F 4

What Happened
Michael F. Montoya, Chief Technology Ops Officer at F5 (FFIV), had restricted stock units (RSUs) convert to common shares on February 1, 2026. The filing shows 2,136 shares acquired upon vesting (exercise/conversion of derivative). To cover tax obligations, 870 shares were disposed at an implied price of $275.61 per share for proceeds (or tax withholding value) of $239,781. The filing also records transfers/dispositions of 534 and 1,602 shares (derivative conversions/transfers) recorded at $0.

Key Details

• Transaction date: 2026-02-01 (reported on Form 4 filed 2026-02-03). Filing appears timely.
• Shares acquired: 2,136 shares (RSU vesting; code M = exercise/conversion of derivative).
• Shares disposed for tax withholding/sale: 870 shares at $275.61 each = $239,781 (code F = payment of exercise price or tax liability).
• Additional derivative disposals: 534 shares and 1,602 shares recorded as disposed at $0 (likely internal transfers; filing notes some shares are held in a trust).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Relevant footnotes: RSUs were from a Nov 3, 2025 award that vests in quarterly increments beginning Feb 1, 2026; each RSU converts to one share; some shares are held in a trust for the reporting person’s children (co-trustee).

Context

• These entries reflect RSU vesting and routine tax-withholding/sell-to-cover, not a market-driven open-market sale for investment purposes.
• Code explanation: M = exercise/conversion of a derivative (here, RSUs converting into shares); F = shares used to satisfy tax withholding.
• Such filings are common when equity awards vest and do not necessarily indicate the insider’s view of the company’s stock.