F5, Inc. · NASDAQ:FFIV
F5 — Shareholder Meeting (February 2026)
18 slides from F5's shareholder meeting presentation, Feb 25, 2026
Slide 1: F5, Inc. Investor Presentation
F5, Inc. Investor Presentation February 25, 2026
Slide 2: Purpose of presentation for Annual Shareholders Meeting
© 2026 F52 F5, Inc. (the “Company”) is filing this presentation intended to be used in discussions with shareholders related to the Company’s proxy statement for its Annual Shareholders Meeting to be held on March 12, 2026.
Slide 3: Forward Looking Statements
© 2026 F53 Forward Looking Statements This presentation contains forward-looking statements including, among other things, statements regarding F5’s potential share repurchases, employee and equity compensation needs and availability, cash flow usage, business trends and the Company’s commitment to
Slide 4: Agenda
© 2026 F54 Agenda Topic Slide Executive Summary 5 Proposal No. 2 – Incentive Plan Approval Request 6 – 11 Executive Compensation 12 – 13 Governance 14 – 15 Cybersecurity at F5 16 – 17
Slide 5: Executive summary re: Proposal No. 2
© 2026 F55 Executive summary re: Proposal No. 2 We are providing this information as supplemental to our proxy to aid investors in their consideration of our proposals. Proposal No. 2 Our Board would like to draw your attention to Proposal No. 2 – our request to approve the 2026 Incentive Award Plan
Slide 6: 2026 Incentive Award Plan approval request
© 2026 F56 2026 Incentive Award Plan approval request P R O P O S A L N O . 2
Slide 7: Potential dilution ranks below the 60th percentile of peers
© 2026 F57 Under the 2026 Plan F5’s potential dilution ranks below the 60th percentile of peers Peers requesting shares in most recent plan year Potential Dilution with the 2026 Plan Gen Digital 7.3% Trimble 10.1% Nutanix 10.9% NetApp 11.1% Ciena 11.5% F5, Inc. 11.6% Teradata 13.4% Akamai Technologi
Slide 8: 3-year average unadjusted burn rate among best performing 38% of peers
© 2026 F58 F5’s 3-year average unadjusted burn rate places it among the best performing 38% of its peers Peers 3-yr Average Unadjusted Burn Rate VeriSign 0.4% Fortinet 0.8% Trimble 1.2% Gen Digital 1.3% Check Point Software Technologies 1.5% Ciena 2.2% Dynatrace 2.2% Datadog 2.3% F5, Inc. 2.5% NetAp
Slide 9: Additional factors related to our 2026 Incentive Plan
© 2026 F59 We ask investors to consider several additional factors related to our 2026 Incentive Plan We have a broad-based equity program and make awards to most employees. In FY2025, 86% of grants under the plan went to non-executive employees. We estimate the shares reserved under the new plan wi
Slide 10: Committed to returning cash to shareholders via share repurchases
© 2026 F510 We are committed to returning cash to shareholders via share repurchases $600 $600 $201 $100 $500 $500 $350 $500 $500 $0 $100 $200 $300 $400 $500 $600 $700 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Committed buyback level FY21 – FY25 Share repurchases ($ in millions) *Free cash flow d
Slide 11: Share repurchase levels exceed shares used in equity compensation
© 2026 F511 Our share repurchase levels routinely exceed shares used in equity compensation XXXX Cumulative since 2017 (in thousands) 11,783 RSUs vested & options exercised 22,889 Shares repurchased 1,371 1,220 1,004 1,132 1,594 1,511 1,391 1,344 1,216 4,561 4,074 1,186 799 2,501 2,611 2,454 2,824 1
Slide 12: Executive Compensation
© 2026 F512 Executive Compensation
Slide 13: Strong pay-for-performance culture
© 2026 F513 We have a strong pay-for- performance culture Changes for FY2025 • A 4x multiplier was introduced to the STI payout calculation to dynamically adjust payouts based on performance relative to targets. This enhancement strengthens the connection between payouts and the Company’s revenue an
Slide 14: Governance
© 2026 F514 Governance
Slide 15: Our Board is comprised of strategic leaders
© 2026 F515 Our Board is comprised of strategic leaders Skills & ExperienceTenure & Independence Total number of directors: 8 Female Male Non-Binary Based on gender identity: 5 3 - Also identify in the categories below: African American or Black - 1 - Alaskan Native or Native American - - - Asian -
Slide 16: Cybersecurity at F5
© 2026 F516 Cybersecurity at F5
Slide 17: Our commitment to security and innovation
© 2026 F517 Our commitment to security and innovation We remain focused on protecting customers and earning their trust, recognizing the responsibilities that come with our critical role. On October 15, 2025, we disclosed that a highly sophisticated nation state actor had gained unauthorized access
Slide 18: Questions? Contact
QUESTIONS? Contact Suzanne DuLong s.dulong@f5.com