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EdgarHawk

Chad Michael Whalen

EVP, Worldwide Sales

Officer

Latest: EVP, Worldwide Sales selling · May 2026

6 filings analyzed · 1 company · Latest 2026-05-12

Companies

Company Buys Sells Direction
F5, INC. FFIV 0 26 Net selling

Activity

May 2026
2026-05-12 F5, INC. FFIV
medium
Sell
6,200 shares
$2,171,187
Significance 5/10

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.

November 2025
2025-11-04 F5, INC. FFIV
high
Sell
9,436 shares
$2,356,829
Significance 6/10

EVP Chad Whalen sold 9,436 shares for $2,356,828.64 at blended average $249.77; stock now $241.38, down 29.7% from 52-week high.

Chad Michael Whalen, EVP Worldwide Sales at F5, Inc., executed 5 separate sales totaling 9,436 shares for $2,356,828.64 on November 3, 2025, reducing his holdings by 26.9% to 25,641 shares. The stock has fallen 25.7% in the 30 days and 24.9% in the 90 days since the transaction, trading at $241.38—well below the blended sale price of $249.77. Whalen's cross-ticker sales track record shows a 50.00% well-timed rate (sells followed by declines) with positive average 90-day returns of 9.2%, but his ticker-specific history at FFIV is mixed: recent August 2025 sales showed small 30-day gains while a February 2025 sale posted a -7.4% 90-day return. The current market price at $241.38 sits 29.7% below the 52-week high of $343.17 amid fundamentals showing near-flat annual revenue growth of +0.1% on $780.4M quarterly revenue.

August 2025
2025-08-12 F5, INC. FFIV
medium
Sell
5,297 shares
$1,706,884
Significance 5/10

EVP Whalen sells 5,297 shares of FFIV for $1.7M at $322.24 blended avg; stock +11.8% in 30d, all 5 prior FFIV sells were 90d well-timed.

Whalen executed 4 separate sales totaling 5,297 shares for $1,706,884.20 at prices ranging from $320.24 to $323.07, reducing his holdings by 18.3% from 28,888 to 23,591 shares. The stock has appreciated 11.8% over 30 days and 15.9% over 90 days, now trading at $326.47, only 0.0% below its 52-week high. Notably, Whalen's prior 5 sales at FFIV (all on 2025-02-03) demonstrated a 100% well-timed pattern at the 90-day mark, each followed by declines ranging from 6.7% to 8.4%. This current sale occurs during a period of significant upward momentum: the stock is within striking distance of all-time highs, with recent 30-day and 90-day returns well above the insider's cross-ticker median performance. The timing relative to the sustained rally and the consistent pattern of his prior FFIV exits may warrant investor attention regarding near-term price momentum and valuation support.

February 2025
2025-02-04 F5, INC. FFIV
medium
Sell
4,093 shares
$1,188,336
Significance 5/10

EVP Whalen sells 4,093 shares ($1.2M) at $288-$293; stock now at $299.78 after +17.9% rally in 30 days

Chad Michael Whalen, EVP of Worldwide Sales, executed 6 separate sales on 2025-02-03 totaling 4,093 shares for $1,188,336.34, reducing his holdings by 13.1% to 27,264 shares post-transaction. The blended average sale price of $290.33 stands $9.45 below the current price of $299.78, meaning the stock has risen since the transaction. His prior 5 sales at FFIV all experienced positive 90-day returns (ranging from +27.5% to +29.2%), and none achieved well-timed (negative return) outcomes. The broader cross-ticker track record shows an average 90-day return of +26.0% after his 6 prior sells with a well-timed rate of 0.00%, indicating a consistent pattern of selling before subsequent rallies rather than before declines.

November 2024
2024-11-06 F5, INC. FFIV
medium
Sell
4,461 shares
$1,034,632
Significance 5/10

EVP Chad Michael Whalen sells 4,461 shares at $231.93 avg; stock up 10% in 30d, near 52-week high

Chad Michael Whalen, EVP of Worldwide Sales at F5, Inc., executed 4 separate sales totaling 4,461 shares for $1,034,632.34 on 2024-11-04, reducing his holdings by 13.2% to 29,374 shares. The sales occurred at prices ranging from $230.13 to $233.11, with a blended average of $231.93, occurring as the stock traded near its 52-week high of $240.33 and up 10.0% over the prior 30 days and 26.8% over 90 days. His two prior sales at this ticker (2024-08-22) also showed positive 30-day returns of 10.4% and 9.9%, though 90-day outcomes remain unmeasurable; his cross-ticker track record shows 2 prior sells with an average 30-day return of 10.2%. The timing pattern across his open-market history shows 0 of 0 prior sells were well-timed at the 90-day mark, indicating his sales have not historically preceded declines. The company's P/E of 25.28 and recent quarterly net income of $144.1M on revenue of $695.5M suggest solid profitability, though annual revenue growth of 4.4% is modest.

August 2024
2024-08-23 F5, INC. FFIV
medium
Sell
5,493 shares
$1,092,474
Significance 5/10

EVP Whalen sells 5,493 shares at $198.88 avg for $1.1M; reduces stake 20.2% to 21.7K shares

Chad Michael Whalen (EVP, Worldwide Sales) executed 2 separate sales totaling 5,493 shares for $1,092,474.14 on 2024-08-22, reducing his post-transaction holdings to 21,738 shares from 27,231 shares. The blended average price of $198.88 sits near the current price of $199.01 and within the 52-week range of $146.42–$203.64, slightly below the 52-week high of $203.64. FFIV's fundamentals show solid operational performance with net income of $144,079,000.00 and a P/E of 20.95, set against a market cap of $11.6B. The stock has appreciated 16.8% over 30 days and 17.1% over 90 days, placing this transaction in a near-peak price environment. The 20.2% reduction in Whalen's stake represents a material reduction in his direct equity exposure at the executive level.

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