F5 (FFIV) CTO ANAND KUNAL Sells Shares After RSU Vesting

What Happened

• ANAND KUNAL, Chief Technology Officer of F5, had restricted stock units (RSUs) vest that converted into 1,290 shares on Aug 1, 2026. To cover tax withholding and pursuant to an existing trading plan, he disposed of 898 of those shares: 506 shares were withheld/surrendered for taxes at $402.57 each ($203,700) and 392 shares were sold in the open market at $404.63 each ($158,615). The filing also lists conversion/disposition line items of 622 and 668 RSU-related shares (shown at $0), which appear in the same vesting/conversion sequence.

Key Details

• Transaction dates: Aug 1, 2026 (vest/conversion and tax withholding); Aug 3, 2026 (open-market sale).
• Prices and proceeds: 506 shares @ $402.57 = $203,700 (tax withholding/surrender); 392 shares @ $404.63 = $158,615 (open-market sale). Total proceeds reported = $362,315.
• Awards and vesting: Shares came from service-based RSU awards granted Nov 1, 2024 and Nov 3, 2025. Each RSU converts to one share; the awards vest in 12 equal quarterly installments beginning Feb 1, 2025 (2024 award) and Feb 1, 2026 (2025 award).
• Trading plan and mechanics: The open-market sale (392 shares) was executed under a Rule 10b5-1 trading plan dated Oct 29, 2025. The 506-share disposition is a tax-withholding event (code F); the vest/conversion entries are reported as derivative conversions/exercises (code M).
• Shares owned after the transactions: not disclosed in the Form 4.

Context

• This is primarily a routine vesting and tax-withholding event combined with a planned sale under a 10b5-1 plan. RSU vesting itself is not a market-timing purchase or sale — the taxable portion is commonly satisfied by surrendering shares. The open-market sale under a pre-established 10b5-1 plan indicates the sale was pre-planned and not necessarily a discretionary signal about company prospects.