MONTOYA MICHAEL F 4

What Happened
Michael F. Montoya, Chief Technology Operations Officer of F5, Inc. (FFIV), converted/exercised 934 derivative awards into 934 shares on March 11, 2026. There was no cash exercise price for the conversion (reported $0). To satisfy tax withholding, 367 of those shares were withheld/disposed at $289.52 per share, totaling approximately $106,254. The filing shows both the conversion (code M) and the tax-withholding disposition (code F).

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (filed within the typical 2‑business‑day window).
• Converted/acquired: 934 shares (derivative conversion, code M) at $0 exercise price.
• Withheld/disposed for taxes: 367 shares (code F) at $289.52 each = $106,254.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1: Some shares are held in a trust for the reporting person’s children; he is a co‑trustee.
  • F2–F4: These awards are Restricted Stock Units (RSUs) granted Mar 13, 2025; they convert to common shares at vesting if service continues and will fully vest per the award schedule.

Context
This was an RSU conversion with shares withheld to cover tax obligations (a common post‑vesting administrative step), not an open‑market sale or a purchase signal. The filing shows the mechanics of converting RSUs into shares and satisfying taxes; it does not by itself indicate a change in the executive’s market view.