Rob Gruening
Sr. Director, Corporate Communications
(206) 272-6208
r.gruening@f5.com
Suzanne DuLong
VP, Investor Relations
(206) 272-7049
s.dulong@f5.com
SEATTLE – F5, Inc. (NASDAQ: FFIV) announced today that on May 1, 2023, the company issued a total of 47,904 restricted stock units (“RSUs”) to 25 employees who joined F5 as a result of the acquisition of Lilac Cloud, Inc., completed on February 1, 2023. The RSUs were granted as inducements to employment in accordance with NASDAQ Listing Rule 5635(c)(4). The RSUs vest 25% on February 1, 2024 with the remaining 75% vesting quarterly through February 1, 2027, subject to the employee’s continued service relationship with the company. The grants will be subject to the terms and conditions of the F5, Inc. Lilac Acquisition Equity Incentive Plan.
F5 is a multi-cloud application services and security company committed to bringing a better digital world to life. F5 partners with the world’s largest, most advanced organizations to secure and optimize every app and API anywhere—on premises, in the cloud, or at the edge. F5 enables organizations to provide exceptional, secure digital experiences for their customers and continuously stay ahead of threats. For more information, go to f5.com. (NASDAQ: FFIV)
You can also follow @F5 on Twitter or visit us on LinkedIn and Facebook for more information about F5, its partners, and technologies. F5 is a trademark, service mark, or tradename of F5, Inc., in the U.S. and other countries. All other product and company names herein may be trademarks of their respective owners.
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This press release may contain forward looking statements relating to future events or future financial performance that involve risks and uncertainties. Such statements can be identified by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms or comparable terms. These statements are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including those identified in the company's filings with the SEC.