ANAND KUNAL 4

What Happened

• Anand Kunal, Chief Technology Officer of F5, Inc. (FFIV), had 1,290 restricted stock units (RSUs) convert to common shares on February 1, 2026. Of those, 537 shares were surrendered/withheld to satisfy tax withholding at $275.61 per share, totaling about $148,003. The net result is 753 shares delivered to Mr. Kunal.
• The filing shows the vesting/conversion as derivative exercises (code M) and the tax withholding/payment as code F. This is a routine issuance/settlement related to equity compensation rather than an open-market purchase or voluntary sale.

Key Details

• Transaction date: 2026-02-01; Form 4 filed 2026-02-03 (timely).
• Vesting/conversion: 1,290 RSUs (reported as 623 and 667 in separate award entries) converted to common shares (code M).
• Tax withholding: 537 shares withheld/disposed at $275.61 each, amounting to ~$148,003 (code F).
• Net shares received by insider: 753 (1,290 vested − 537 withheld).
• Footnotes: Vesting represents service-based RSU awards from Nov 1, 2024 and Nov 3, 2025 that vest in quarterly installments (see footnotes F1–F5). Each RSU converts to one share on the vest date.
• Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context

• This was a standard RSU vesting event with shares withheld to cover tax obligations (a net-share or “sell-to-cover” style settlement), not an open-market sale or purchase — common and typically routine for executive compensation.
• Transaction codes: M = exercise/conversion of derivative (here, RSU conversion to shares); F = payment/tax withholding. These entries do not, by themselves, indicate a change in insider sentiment about the company.