Chad Michael Whalen - Feb 1, 2022 Form 4 Insider Report for F5, INC. (FFIV)

Role
EVP, Worldwide Sales
Signature
/s/ Scot F. Rogers by Power of Attorney
Stock symbol
FFIV
Transactions as of
Feb 1, 2022
Transactions value $
-$52,020
Form type
4
Date filed
2/3/2022, 12:06 PM
Previous filing
Nov 24, 2021
Next filing
Feb 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIV Common Stock Options Exercise $0 +2.33K +31.55% $0.00 9.72K Feb 1, 2022 Direct F1
transaction FFIV Common Stock Tax liability $0 -941 -9.69% $0.00 8.77K Feb 1, 2022 Direct
transaction FFIV Common Stock Sale -$52K -251 -2.86% $207.25 8.52K Feb 2, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FFIV Restricted Stock Unit Options Exercise $0 -921 -12.5% $0.00 6.45K Feb 1, 2022 Common Stock 921 $0.00 Direct F3, F4, F5
transaction FFIV Restricted Stock Unit Options Exercise $0 -639 -8.33% $0.00 7.03K Feb 1, 2022 Common Stock 639 $0.00 Direct F3, F5, F6
transaction FFIV Restricted Stock Unit Options Exercise $0 -770 -24.99% $0.00 2.31K Feb 1, 2022 Common Stock 770 $0.00 Direct F3, F5, F7
transaction FFIV Restricted Stock Unit Award $0 +7.28K $0.00 7.28K Feb 1, 2022 Common Stock 7.28K $0.00 Direct F3, F5, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired upon vesting of the November 1, 2019, November 2, 2020, and November 1, 2021 awards of service-based Restricted Stock Units.
F2 This transaction was executed pursuant to a Rule 10b5-1 trading plan.
F3 Each Restricted Stock Unit represents a contingent right to receive one share of F5, Inc. Common Stock on the vest date.
F4 This November 2, 2020 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2021.
F5 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.
F6 This November 1, 2021 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2022.
F7 This November 1, 2019 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2020.
F8 Concurrent with the award of 7,283 service-based Restricted Stock Units, the Company granted the reporting person additional Restricted Stock Units that vest based on performance targets ("Performance RSUs"). If the performance targets are achieved at 100%, the reporting person will receive 7,283 Performance RSUs over the vesting period; the actual number of Performance RSUs received may be more or less depending on whether and to the extent that performance is greater than or less than targets. The Performance RSUs vests over a three-year period in three equal annual installments. Performance RSUs are not reported in Table II; the Performance RSUs will be reported in Table I if and when the Talent and Compensation Committee of the Board of Directors determines that the performance targets have been achieved.
F9 This February 1, 2022 award of service-based Restricted Stock Units vests in three equal annual installments beginning February 1, 2023.