F5, INC. — Director's Dealing 2023

Nov 3, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: F5, INC. (FFIV)
CIK: 0001048695
Period of Report: 2023-11-01

Reporting Person: WHALEN CHAD MICHAEL (EVP, Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-01	Common Stock	M	2512	$0.00	Acquired	29423	Direct
2023-11-01	Common Stock	F	4699	$0.00	Disposed	24724	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-01	Restricted Stock Unit	$0.00	M	921	Disposed		Common Stock (921)	Direct
2023-11-01	Restricted Stock Unit	$0.00	M	640	Disposed		Common Stock (640)	Direct
2023-11-01	Restricted Stock Unit	$0.00	M	951	Disposed		Common Stock (951)	Direct
2023-11-01	Restricted Stock Unit	$0.00	A	11191	Acquired		Common Stock (11191)	Direct

Footnotes

F1: Shares acquired upon vesting of the November 2, 2020, November 1, 2021, and November 1, 2022 awards of service-based Restricted Stock Units.

F2: Each Restricted Stock Unit represents a contingent right to receive one share of F5, Inc. Common Stock on the vest date.

F3: This November 2, 2020 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2021.

F4: 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.

F5: This November 1, 2021 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2022.

F6: This November 1, 2022 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2023.

F7: Concurrent with the award of 11,191 service-based Restricted Stock Units, the Company granted the reporting person additional Restricted Stock Units the number of which that can be earned will be based on performance targets ("Performance RSUs"). If the performance targets are achieved at 100%, the reporting person can receive 13,053 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 and may be less if the reporting person does not remain employed during the vesting period. Performance RSUs are not reported in Table II; the underlying shares of 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.

F8: This November 1, 2023 award of service-based Restricted Stock Units vests in twelve equal quarterly increments beginning February 1, 2024.