ANAND KUNAL 4

4 · F5, INC. · Filed May 5, 2026

AI-generated summary of this filing

Updated May 5, 2026

F5 CTO Anand Kunal Vests RSUs and Sells 3,123 Shares

What Happened

Anand Kunal, Chief Technology Officer of F5, Inc. (FFIV), had 10,294 restricted stock units (RSUs) convert to common shares on May 1, 2026. The vesting produced 10,294 shares (no exercise price).
To cover tax obligations, 4,049 shares were surrendered/withheld at an implied value of $323.20 per share (total ~$1,308,637). Separately, 3,123 shares were sold in the open market on May 4, 2026 at $322.33 per share for proceeds of ~$1,006,637. The sale was executed under a pre-established Rule 10b5-1 trading plan.
Net of the withholding and sale, roughly 3,122 of the newly issued shares remain (10,294 vested − 4,049 withheld − 3,123 sold), in addition to any pre-existing holdings (the filing does not show total post-transaction holdings).

Key Details

Transaction dates and prices:
- May 1, 2026: RSU conversion/issuance of 10,294 shares (M code; $0 exercise price).
- May 1, 2026: 4,049 shares withheld for tax payment at $323.20/share (F code), value ~$1.31M.
- May 4, 2026: 3,123 shares sold open market at $322.33/share (S code), proceeds ~$1.01M (per 10b5-1 plan).
Footnotes of note:
- RSUs represent contingent rights to receive one share on the vest date (vesting schedules from awards dated May 1, 2024; Nov 1, 2024; Nov 3, 2025).
- The sale on May 4 was executed pursuant to a Rule 10b5-1 trading plan dated 10/29/2025.
- Filing also references 101 shares acquired under the F5 Employee Stock Purchase Plan on April 30, 2026.
Filing timeliness: Form 4 was filed May 5, 2026 for transactions occurring May 1–4, 2026; the filing is timely (within the Form 4 two-business-day rule).
Shares owned after the transactions are not disclosed in the provided summary of the filing.

Context

These transactions are largely routine for vested RSUs: shares are issued on vesting, some are withheld to cover taxes, and additional shares are often sold under pre-set plans (10b5-1). This pattern is common and does not, by itself, indicate insider sentiment about the company.
Codes explained simply: M = conversion/exercise of derivative (here, RSUs converting to shares), F = shares surrendered/withheld to pay tax liabilities, S = open-market sale, 10b5-1 = pre-arranged trading plan used to execute sales.

Form 4

Period: 2026-05-01

Chief Technology Officer

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-05-01+10,294→ 19,366 total
Tax Payment
Common Stock
2026-05-01$323.20/sh−4,049$1,308,637→ 15,317 total
Sale
Common Stock
[F3]
2026-05-04$322.33/sh−3,123$1,006,637→ 12,194 total
Exercise/Conversion
Restricted Stock Unit
[F4][F5][F6]
2026-05-01−623→ 3,737 total
Exercise: $0.00→ Common Stock (623 underlying)
Exercise/Conversion
Restricted Stock Unit
[F4][F7][F6]
2026-05-01−668→ 6,678 total
Exercise: $0.00→ Common Stock (668 underlying)
Exercise/Conversion
Restricted Stock Unit
[F4][F8][F6]
2026-05-01−9,003→ 0 total
Exercise: $0.00→ Common Stock (9,003 underlying)

Footnotes (8)

[F1]Shares acquired upon the vesting of the May 1, 2024, November 1, 2024, and November 3, 2025 awards of service-based Restricted Stock Units.
[F2]Includes 101 shares acquired under the F5, Inc. Employee Stock Purchase Plan on April 30, 2026.
[F3]This transaction was executed pursuant to a Rule 10b5-1 trading plan dated 10/29/2025.
[F4]Each Restricted Stock Unit represents a contingent right to receive one share of F5, Inc. Common Stock on the vest date.
[F5]This November 1, 2024 award of service-based Restricted Stock Units vests in twelve equal quarterly beginning February 1, 2025.
[F6]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.
[F7]This November 3, 2025 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2026.
[F8]Fifty percent (50%) of this May 1, 2024 award of service-based Restricted Stock Units vests on May 1, 2025 and fifty percent (50%) vests on May 1, 2026.

Signature

/s/ Angelique M. Okeke by Power of Attorney|2026-05-05

1 file