OKEKE ANGELIQUE M 4

What Happened

• Angelique M. Okeke, EVP & General Counsel of F5, had service‑based Restricted Stock Units (RSUs) vest on May 1, 2026, which converted into 1,775 shares (reported as derivative conversion/exercise, code M).
• To satisfy tax withholding (code F), 697 of those shares were surrendered at an implied value of $323.20 per share (total value $225,270).
• Separately, 842 shares were sold in the open market on May 4, 2026 at $322.33 per share under a Rule 10b5-1 trading plan (code S), generating $271,402 in proceeds.
• Net from this vesting event, Okeke retained 236 shares (1,775 vested − 697 withheld − 842 sold).

Key Details

• Transaction dates and prices:
  • May 1, 2026: RSU conversion to 1,775 shares (conversion price $0.00 per share — RSUs convert to shares).
  • May 1, 2026: 697 shares withheld for taxes at $323.20 (value $225,270).
  • May 4, 2026: 842 shares sold in open market at $322.33 (proceeds $271,402); sale executed under a 10b5-1 plan (footnote F2).
• Net shares retained from this vesting: 236 shares.
• Footnotes: RSUs stem from multiple service‑based awards (May/Nov 2024, May/Nov 2025); each RSU = one share (F1, F3, F5–F8). The May 4 sale was pursuant to a 10b5‑1 plan (F2).
• Filing: Form 4 filed on May 5, 2026 reporting these transactions (reporting period May 1, 2026). No timeliness flag was provided in the filing information supplied.

Context

• These were RSU vesting events (not option purchases). The tax withholding (F) is a routine surrender of vested shares to cover tax obligations rather than a cash payment. The May 4 sale was preplanned under a Rule 10b5‑1 plan, which indicates the sale was executed according to a predetermined schedule.