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FFIV F5, INC. Insider Trading

Latest: EVP, Worldwide Sales Sold $2.2M of Shares · May 2026

Multiple insiders have been active at F5, INC. (FFIV): 7 distinct insiders account for 0 buy filings and 17 sell filings as of Jun 2026. Its highest-significance filing in the last 90 days: EVP, Worldwide Sales Chad Michael Whalen sold $2.2M, transaction dated May 2026.

17 filings analyzed · Latest 2026-06-03

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Buys
0
Sells
17
Insiders
7
Direction
Net selling

F5, INC. leadership

CEO
François Locoh-Donou — Chief Executive Officer
CFO
Edward C. Werner — Chief Financial Officer
Chair
François Locoh-Donou — President and Chief Executive Officer

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a medium insider sell (n ≈ 4,738, 2024-2026). Past results don't predict the future. How we measure this ↗

June 2026
2026-06-03 10b5-1 Plan
medium
Chief Financial Officer
2,500 shares
$1,000,000
@ $400.00
Significance 4

CFO Edward Cooper Werner sold 2,500 shares of FFIV at $400.00 for $1.0M under 10b5-1 plan; post-sale stake reduced to 406 shares.

Edward Cooper Werner, Chief Financial Officer of F5, Inc., sold 2,500 shares at $400.00 on 2026-06-02 under a pre-arranged 10b5-1 trading plan, reducing his post-transaction holdings to 406 shares from 2,906 shares. This transaction is scheduled, not discretionary, so it reflects plan execution rather than a timing decision. At the sale price of $400.00, the stock was trading 1.1% below the 52-week high of $410.10, and the 30-day and 90-day price changes of +23.0% and +43.0% respectively show the stock has appreciated significantly in recent months. The sale dispersed 86.0% of his pre-transaction holdings, leaving minimal open-market FFIV holdings for the CFO going forward.

May 2026
2026-05-12 10b5-1 Plan
medium
EVP, Worldwide Sales
6,200 shares
$2,171,187
@ $350.19
Significance 5

EVP of Sales Chad Whalen sells 6,200 shares for $2.17M at near 52-week highs; 31st open-market sale in 3 years with conflicting short/long-term timing history.

Chad Whalen, EVP of Worldwide Sales, sold over 6,000 shares worth approximately $2.17 million on a day when the stock was trading at its 52-week high, representing a significant 23% reduction in his holdings. This is Whalen's 31st open-market sale in the past three years—a consistent pattern of disposal with no offsetting open-market purchases. His prior five sales at F5 show conflicting timing results: the stock declined in the month following each sale (well-timed near-term exits), but recovered and gained meaningfully over the subsequent quarter (poorly-timed longer-term exits), suggesting the stock has tended to bounce back after his sales. The company remains financially sound with growing revenue and strong profitability, but Whalen's execution of this sale at the stock's 52-week high—continuing a three-year track record of steady selling—reflects consistent opportunistic liquidation rather than a fundamental reversal of confidence.

2026-05-12 10b5-1 Plan
medium
Chief Financial Officer
1,500 shares
$525,000
@ $350.00
Significance 4

CFO Werner Cooper sells 1,500 F5 shares (34% of holdings) for $525K; stock rallying sharply and near 52-week highs.

Werner Cooper, F5's Chief Financial Officer, has sold roughly one-third of his shareholdings at a time when the stock is trading at or near its 52-week highs following a sharp rally. This disposition is notable because it comes as the company maintains profitability with year-over-year revenue growth, suggesting the CFO is exiting a portion of a holding during a period of upward price momentum rather than during a dip. Cooper's filing history shows this is his eighth open-market sale in the three-year window, with no open-market purchases on record—a pattern that indicates systematic reduction of equity exposure rather than tactical trading. While such sales don't necessarily signal distress, the timing (at elevated price levels) and the scale (reducing his stake by more than one-third) merit attention, particularly for investors who view insider share retention as a positive signal of management confidence.

2026-05-07 10b5-1 Plan
medium
President, CEO & Director
3,783 shares
$1,276,359
@ $337.39
Significance 4

CEO Locoh-Donou Francois sells 3,783 shares totaling $1.28M near all-time highs; prior sales were systematically poorly timed.

CEO Francois Locoh-Donou executed seven separate sales totaling over $1.27 million on a single trading day, liquidating shares while the stock trades near its all-time high. This sale comes as the company shows solid financial fundamentals—it's profitable with growing revenue and trades at a reasonable valuation for its size. However, Locoh-Donou's prior sales in this stock paint a cautionary pattern: every previous exit he made was poorly timed in both the near and longer term, with the stock rising after each sale. While the current sale coincides with strong price momentum, his historical track record of systematically exiting near lows while the stock subsequently climbed significantly suggests he may not be a reliable market timer in either direction. Investors should weigh the CEO's direct operational knowledge against the documented disconnect between his sales and actual subsequent price moves.

2026-05-05 10b5-1 Plan
low
Chief Technology Officer
3,123 shares
$1,006,637
@ $322.33
Significance 5

F5 CTO Kunal Anand exercises stock options, nets 3,122 shares after tax withholding and sale totaling $1.01M.

Kunal Anand, F5's Chief Technology Officer, executed a series of stock transactions on May 1–4 that resulted in a net gain of just over 3,100 shares despite selling nearly 3,100 shares worth approximately $1.01 million. The activity reflects a typical equity compensation cycle: an options exercise generated over 10,000 new shares, a portion were withheld for taxes, and the remainder were sold to generate liquidity. This is Anand's second open-market sale in the past three years, following one prior sale, and the filings history shows his participation in stock-based compensation has been steady (11 prior stock-comp transactions). F5 is a profitable company with growing revenue and trades at its 52-week high, having appreciated significantly over the past quarter. The net position after all transactions remains positive, suggesting Anand retains meaningful exposure to the company even after the sale.

March 2026
2026-03-26 10b5-1 Plan
medium
President, CEO & Director
3,334 shares
$1,000,200
@ $300.00
Significance 5

F5 CEO Locoh-Donou sells 3.3K shares at $300.00 for $1.0M; retains 147.0K shares post-sale.

Locoh-Donou, as President, CEO, and Director, sold 3,334 shares at $300.00 on 2026-03-25, reducing his position by 2.2% from 150,323 to 146,989 shares while maintaining a substantial holding of 147.0K shares. The sale occurred at $300.00, which is 2.4% above the current price of $293.15 and 12.7% below the 52-week high of $343.17. His cross-ticker track record shows a 90-day well-timed rate of 100.00% across 14 prior open-market sells, though his same-ticker history at FFIV spans 5 recent sales on 2026-03-04 with outcomes not yet measurable. The company shows solid fundamentals with $822.5M in latest quarterly revenue, $180.1M in net income, and +9.7% annual revenue growth, trading at a P/E of 23.47 against a $16.6B market cap. This modest reduction occurs shortly after a cluster of sales at the same ticker on 2026-03-04, and the stock is currently down 14.6% from its 52-week high despite showing +7.8% gains over the past 30 days.

2026-03-05 10b5-1 Plan
medium
President, CEO & Director
3,755 shares
$1,064,671
@ $283.53
Significance 6

CEO Locoh-Donou sells 3,755 shares in 9 transactions for $1,064,671.32; retains 150,323 shares post-transaction.

Locoh-Donou executed 9 separate sales totaling 3,755 shares (3.8K shares) for $1,064,671.32 at blended average price $283.53, reducing holdings by 2.4% from 154,078 to 150,323 shares. His prior 5 trades at FFIV over the past year all achieved negative 90-day returns (-6.2% to -11.0%), and the insider maintained a 100% well-timed rate across those same-ticker trades. Against this backdrop of demonstrated timing accuracy at this specific stock, the current sale occurs with FFIV trading at $283.64 (current price), down 17.4% from the 52-week high of $343.17 yet up 14.3% over the past 90 days. The stock's P/E of 22.71, revenue growth of +9.7% year-over-year, and $180.1M net income reflect stable fundamentals; the insider's incremental reduction of his 150.3K-share position after a 14.3% three-month rally suggests selective liquidation rather than urgency or distress.

November 2025
2025-11-04 10b5-1 Plan
low
EVP, Worldwide Sales
9,436 shares
$2,356,829
@ $249.77
Significance 4

EVP Chad Whalen sells 9,436 shares at $248.51–$252.98 for $2,356,828.64 under 10b5-1 plan

Chad Michael Whalen, EVP of Worldwide Sales at F5, Inc., executed 5 separate sales totaling 9,436 shares for $2,356,828.64 on 2025-11-03. The sales occurred across a narrow price band from $248.51 to $252.98, with a blended average price of $249.77. This transaction reduces his holdings from 35,077 shares to 25,641 shares, a decrease of 26.9% of pre-transaction holdings. Importantly, this sale is part of a pre-arranged 10b5-1 trading plan, meaning it was scheduled and not discretionary. As a planned, formulaic transaction executed over a concentrated trading window, it reflects the operation of the predetermined plan rather than a discretionary decision point regarding the stock's outlook.

2025-11-04 10b5-1 Plan
medium
EVP Global Services & Strategy
8,318 shares
$2,077,663
@ $249.78
Significance 5

EVP Fountain Thomas Dean sold 8,318 shares at $248.44–$252.98 for $2,077,663.03 on 2025-11-03, reducing holdings 27.0%.

Fountain Thomas Dean, EVP Global Services & Strategy at F5, Inc., executed five separate sales totaling 8,318 shares for $2,077,663.03 at prices ranging from $248.44 to $252.98 on 2025-11-03, reducing his holdings from 30,811 shares to 22,493 shares. The sale occurred as the stock trades at $241.38, down 29.7% from its 52-week high of $343.17 and down 25.7% over the trailing 30 days. The company's fundamentals remain stable with $780,370,000.00 in latest quarterly revenue and $189,912,000.00 in net income, though annual revenue growth is minimal at +0.1%. The -27.0% reduction in his position and the sustained downward price pressure merit observation of whether this represents a structural concern or a discretionary rebalancing by a senior executive during a volatile period.

September 2025
2025-09-09 10b5-1 Plan
medium
Chief People Officer
2,701 shares
$855,056
@ $316.57
Significance 5

Chief People Officer Schramm liquidates full 2,701-share F5 position for $855,055.57 under 10b5-1 plan

Lyra Amber Schramm, Chief People Officer, sold 2,701 shares of F5, Inc. (FFIV) at $316.57 on 2025-09-08, resulting in a complete liquidation of her holdings (net change: -100.0% vs pre-transaction holdings). The transaction was executed under a pre-arranged 10b5-1 trading plan, meaning it was scheduled rather than discretionary. The complete exit of this executive's equity stake warrants investor attention, though the pre-planned nature of the trade removes any inference about real-time market timing or confidence signals. Context regarding the timing of plan adoption and F5's operational or market conditions would be necessary to assess investor implications.

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