Director Michael L. Dreyer reported a sale of 3,067 shares of common stock in F5, Inc. (NASDAQ:FFIV) on February 20, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The filing lists the sale price at $282.4054 per share, resulting in a total transaction value of $866,137.
Following the disposition, Dreyer is recorded as directly owning 1,309 shares of F5. The filing does not provide additional commentary about the motivation for the sale.
The insider transaction arrives as F5, an application delivery networking company, is described in available research as trading below its InvestingPro Fair Value. The company is referenced with a market valuation of $15.2 billion in that same assessment. For readers seeking deeper valuation context and insider-activity analysis, InvestingPro is noted as offering a Pro Research Report and supplementary ProTips examining F5's financial position and market standing.
Separately, F5 reported financial results for the first quarter of 2026 that surpassed the cited expectations. The company posted earnings per share of $4.45, above the forecasted $3.65, and reported revenue of $822 million compared with an anticipated $755.96 million. Those outcomes are described as strong relative to expectations and have drawn attention from analysts and investors, although the available report does not list any specific analyst upgrades or downgrades tied to the release.
The combination of the insider sale, the valuation note referencing InvestingPro Fair Value, and the quarterly results present multiple data points for market participants tracking F5. The company-level information in the filing and earnings release provides material inputs for investors monitoring insider activity, valuation comparisons, and quarter-to-quarter operational performance. Future reporting and disclosures will be relevant for stakeholders looking to assess ongoing financial health and market positioning.
Summary
Michael L. Dreyer sold 3,067 shares of F5 for $282.4054 per share on February 20, 2026, totaling $866,137, leaving him with 1,309 shares. F5 posted Q1 2026 EPS of $4.45 and revenue of $822 million, both ahead of the referenced expectations, while a valuation note indicates the stock trades below its InvestingPro Fair Value and lists a $15.2 billion company valuation.
Key points
- Insider transaction: Dreyer sold 3,067 shares on February 20, 2026, for $866,137 in aggregate proceeds.
- Post-sale holdings: Dreyer retains direct ownership of 1,309 shares.
- Financial performance: F5 reported Q1 2026 EPS of $4.45 and revenue of $822 million, both above the referenced expectations.
- Sectors impacted: activity relates to application delivery networking and broader enterprise technology markets.
Risks and uncertainties
- Motivation for the insider sale is not disclosed in the Form 4 filing, leaving interpretation of the transaction limited to the facts reported.
- Although the company is described as trading below its InvestingPro Fair Value, that valuation note is presented without further detail in the available reporting.
- The earnings report drew attention, but the available information does not include any specific analyst rating changes tied to the results.