McReynolds Maya 4

What Happened Maya McReynolds, a director of F5, reported converting/exercising 934 derivative units on 2026-03-11 (reported as acquired at $0) and disposing of the same 934 units the same day (reported as disposed at $0). On 2026-03-12 she was granted 987 restricted stock units (RSUs) reported at $0. These transactions are not purchases of stock on the open market; the exercise/conversion and immediate disposition typically reflect internal plan mechanics rather than a buy signal.

Key Details

• Transaction dates and types:
  • 2026-03-11: Exercise/conversion of derivative (Code M) — 934 shares acquired at $0 and 934 shares disposed at $0 (same day).
  • 2026-03-12: Grant/award (Code A) — 987 RSUs granted at $0.
• Reported dollar amounts: $0 for each line (no cash price reported for these conversions/grants).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing timeliness: Report filed 2026-03-13 for transactions on 2026-03-11–03-12 (filed within typical Form 4 reporting window).
• Notable footnotes (summary):
  • F1: Each RSU represents a contingent right to one share on the vest date.
  • F2/F4: RSUs will fully vest on the first business day before the annual shareholder meeting for fiscal 2025 (meeting in 2026) and fiscal 2026 (meeting in 2027), respectively, if the director remains in service.
  • F3: Issuance of shares is conditioned on continued service through the vest date.

Context

• The March 11 activity shows conversion/exercise of derivative units with an immediate same-day disposition — this can reflect plan settlement mechanics (not an open-market sale decision). The March 12 entry is a standard RSU grant that vests in the future contingent on continued service. For retail investors, grants and RSU vesting schedules are useful to track potential future share issuance; conversions reported at $0 usually indicate no cash exercise price was paid or that units were settled without a cash exchange.