F5, Inc.

On September 29, 2023, the Board of Directors (the “Board”) of F5, Inc. (the “Company”) appointed Mr. Michel Combes as a director. Mr. Combes will serve as a member of the Board’s Talent and Compensation Committee. Mr. Combes previously served as a director of the Company from July 2018 to March 2021. In connection with his services as a director, Mr. Combes will be entitled to the customary compensation arrangements for the Company’s non-employee directors (including entering into the Company’s standard indemnification agreement for directors and officers); an annual retainer in the amount of $60,000 and an annual payment of $12,500 as a member of the Talent and Compensation Committee. The Board is expected to approve a grant to Mr. Combes to be made effective November 1, 2023 under the F5, Inc.

On July 21, 2023, the Board of Directors (the “Board”) of F5, Inc. (the “Company”) reviewed and accepted the resignation of James Phillips from his position as a director of the Company, including his membership on each of the Talent and Compensation Committee and the Nominating and Environmental, Social and Governance (ESG) Committee, effective immediately. Mr. Phillips had tendered his resignation pursuant to the F5, Inc. Corporate Governance Guidelines due to his taking on a new employment role resulting in a material change in his professional responsibilities. The resignation was not the result of any disagreement with the Company. Pursuant to the recommendation of the Nominating and ESG Committee, the Board voted to reduce the size of the Board from eleven to ten members, effective immediately. As a result of such reduction, there are currently no vacancies on the Board.

(e) On March 9, 2023, at the annual meeting of shareholders for fiscal year 2022 (the “Annual Meeting”), the shareholders of F5, Inc. (the “Company”) voted to approve (i) the F5, Inc. Incentive Plan, as amended and restated (the “Incentive Plan”), to increase the number of shares of common stock issuable under the Incentive Plan by an additional 4,500,000 shares and (ii) the F5, Inc. Employee Stock Purchase Plan, as amended and restated (the “ESPP”), to increase the number of shares of common stock issuable under the ESPP by an additional 2,000,000 shares. The complete texts of the Incentive Plan and the ESPP are set forth in Exhibits 10.1 and 10.2, respectively, to this Form 8-K and are each incorporated herein by reference.

On January 15, 2023, F5, Inc. (the “Company”) director Sandra Bergeron informed the Company's Board of Directors that she would not be standing for re-nomination as a director at the next Annual Meeting of Shareholders (the “Annual Meeting”). Ms. Bergeron has served on the Board since January 3, 2013, and has served on a number of Board committees, including as Chair of the Talent & Compensation Committee. The Board intends to appoint director Elizabeth Buse as Ms. Bergeron’s successor to chair the Talent & Compensation Committee. Ms. Bergeron’s decision was not the result of any disagreement with the Company. Ms. Bergeron will continue to serve as a director until the date of the Annual Meeting. The Board expressed its appreciation for Ms. Bergeron’s service to the Company.

On January 4, 2023, in connection with the previously announced departure of Haiyan Song, Executive Vice President and General Manager of Security and Distributed Services of F5, Inc. (the “Company”), the Company and Ms. Song finalized her transition plan and entered into a separation arrangement. In recognition of, among other things, the transition services Ms. Song is to provide through March 15, 2023 and her distinguished contribution to the Company, the Company will (i) accelerate the vesting of 8,914 shares of Ms.

On October 27, 2022, Haiyan Song, the Company’s Executive Vice President and General Manager of Security and Distributed Cloud Services, announced her intention to leave F5 in conjunction with the transition of all F5 product organizations to report into Kara Sprague as the Company’s newly designated Chief Product Officer. Ms. Song intends to remain with the Company until at least February 1, 2023, to assist in the transition.

On October 7, 2022, the Board of Directors (the “Board”) of F5, Inc. (the “Company”) appointed Ms. Marianne Budnik as a director. Ms. Budnik will serve as a member of the Board’s Audit and Risk Oversight Committee. In connection with her services as a director, Ms. Budnik will be entitled to the customary compensation arrangements for the Company’s non-employee directors (including entering into the Company’s standard indemnification agreement for directors and officers); an annual retainer in the amount of $60,000 and an annual payment of $20,000 as a member of the Audit and Risk Oversight Committee. The Board is expected to approve a grant to Ms. Budnik to be made effective November 1, 2022 under the F5, Inc. Incentive Plan of restricted stock units having a grant date value of $105,082 reflecting a pro-rata portion of the $250,000 annual grant value to directors.

(e) On March 10, 2022, at the annual meeting of shareholders for fiscal year 2021 (the “Annual Meeting”), the shareholders of F5, Inc. (the “Company”) voted to approve the F5, Inc. Incentive Plan, as amended and restated (the “Plan”), to increase the number of shares of common stock issuable under the Plan by an additional 1,200,000 shares. The complete text of the Plan is set forth in Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.

On January 5, 2022, the Board of Directors (the “Board”) of F5, Inc. (the “Company”) appointed Mr. James M. Phillips as a director. Mr. Phillips will serve as a member of the Board’s Nominating and Environmental, Social and Governance (ESG) Committee. In connection with his services as a director, Mr. Phillips will be entitled to the customary compensation arrangements for the Company’s non-employee directors (including entering into the Company’s standard indemnification agreement for directors and officers); an annual retainer in the amount of $60,000 and an annual payment of $12,500 as a member of the Nominating and Environmental, Social and Governance (ESG) Committee. The Board is expected to approve a grant to Mr.

On June 14, 2021, the Board of Directors (the "Board") of F5 Networks, Inc. (the "Company") appointed Mr. Michael Montoya as a director. Mr. Montoya will serve as a member of the Board’s Audit and Risk Oversight Committee. In connection with his services as a director, Mr. Montoya will be entitled to the customary compensation arrangements for the Company's non-employee directors (including entering into the Company's standard indemnification agreement for directors and officers); an annual retainer in the amount of $60,000; and an annual payment of $20,000 as a member of the Audit and Risk Oversight Committee. The Board is expected to approve a grant to Mr. Montoya to be made effective August 2, 2021 under the Company's 2014 Incentive Plan of restricted stock units having a grant date value of $250,000.

(b) On March 11, 2021, Michel Combes resigned from his position as a director of F5 Networks, Inc. (the “Company”), including his membership on the Nominating & Corporate Governance Committee, effective immediately. The resignation was not the result of any disagreement with the Company. The Company’s Board of Directors (the “Board”) expresses its appreciation for Mr. Combes’ valued service to the Company, including his insights regarding Company operations and strategy. Pursuant to the recommendation of the Nominating & Corporate Governance Committee, the Board voted to reduce the size of the Board from ten to nine members, effective immediately. As a result of such reduction, there are currently no vacancies on the Board. Mr. Combes provided his resignation in connection with the Company’s majority voting policy as set forth in the Company’s bylaws. As reflected in

Departure of Directors On January 21, 2021, F5 Networks, Inc. (the “Company”) director A. Gary Ames informed the Board that he would be retiring from the Board and not be standing for re-nomination as a director at the next Annual Meeting of Shareholders (the “Annual Meeting”). Mr. Ames conveyed that he believes it is the right time for him to transition off of the Board as part of the Board’s succession efforts. Mr. Ames’ decision was not the result of any disagreement with the Company. Mr. Ames has served on the Board since July 2004, and has served on a number of Board committees. Mr. Ames will continue to serve as a director until the date of the Annual Meeting. The Board expressed its appreciation for Mr. Ames’ service to the Company. On January 21, 2021, F5 Networks, Inc. (the “Company”) director Deborah L.

On September 24, 2020, the Board of Directors (the "Board") of F5 Networks, Inc. (the "Company") appointed Ms. Elizabeth Buse as a director. Ms. Buse will serve as a member of the Board’s Compensation Committee. In connection with her services as a director, Ms. Buse will be entitled to the customary compensation arrangements for the Company's non-employee directors (including entering into the Company's standard indemnification agreement for directors and officers); an annual retainer in the amount of $60,000; and an annual payment of $12,500 as a member of the Compensation Committee. The Board is expected to approve a grant to Ms. Buse to be made effective November 2, 2020 under the Company's 2014 Incentive Plan of restricted stock units having a grant date value of $115,385 reflecting a pro-rata portion of the $250,000 annual grant value to directors.

On April 1, 2020, the Board of Directors (the "Board") of F5 Networks, Inc. (the "Company") appointed Mr. Sripada Shivananda as a director. Mr. Shivananda will serve as a member of the Board’s Audit Committee. In connection with his services as a director, Mr. Shivananda will be entitled to the customary compensation arrangements for the Company's non-employee directors (including entering into the Company's standard indemnification agreement for directors and officers); an annual retainer in the amount of $60,000; and an annual payment of $20,000 as a member of the Audit Committee. The Board is expected to approve a grant to Mr. Shivananda to be made effective May 1, 2020 under the Company's 2014 Incentive Plan of restricted stock units having a grant date value of $250,000.

(e) On March 12, 2020, at the annual meeting of shareholders for fiscal year 2019 (the “Annual Meeting”), the shareholders of F5 Networks, Inc. (the “Company”) voted to approve the F5 Networks, Inc. 2014 Incentive Plan, as amended and restated (the “2014 Plan”), to increase the number of shares of common stock issuable under the 2014 Plan by an additional 800,000 shares. The complete text of the 2014 Plan is set forth in Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.

On January 14, 2020, F5 Networks, Inc. (the “Company”) was informed by John McAdam that he would not be standing for re-nomination as a director at the next Annual Meeting of Shareholders (the “Annual Meeting”). Mr. McAdam conveyed that he believes it is the right time for him to transition off of the Board as part of the Board’s succession efforts and due to his other activities, including board and advisory positions with other organizations. Mr. McAdam’s decision was not the result of any disagreement with the Company. Mr. McAdam has served on the Board since July 2000. He also served as the Company’s President and Chief Executive Officer for over 16 years, retiring in 2017. Mr. McAdam is expected to continue to serve as a director until the date of the Annual Meeting. The Board expressed its appreciation for Mr. McAdam’s service to the Company.

(e) On March 14, 2019, at the annual meeting of shareholders for fiscal year 2018 (the “Annual Meeting”), the shareholders of F5 Networks, Inc. (the “Company”) voted to approve (i) the F5 Networks, Inc. 2014 Incentive Plan, as amended and restated (the “2014 Plan”), to increase the number of shares of common stock issuable under the 2014 Plan by an additional 1,750,000 shares and (ii) the F5 Networks, Inc. 2011 Employee Stock Purchase Plan, as amended and restated (the “2011 Plan”), to increase the number of shares of common stock issuable under the 2011 Plan by an additional 2,000,000 shares. The complete texts of the 2014 Plan and 2011 Plan are set forth in Exhibits 10.1 and 10.2, respectively, to this Form 8-K and are each incorporated herein by reference.

On January 17, 2019, F5 Networks, Inc. (the “Company”) director Jonathan Chadwick informed the Board that he would not be standing for re-nomination as a director at the next Annual Meeting of Shareholders (the “Annual Meeting”). Mr. Chadwick conveyed that he believes it is the right time for him to transition off of the Board as part of the Board’s succession efforts and due to his other activities, including board and advisory positions with other organizations. Mr. Chadwick’s decision was not the result of any disagreement with the Company. Mr. Chadwick has served on the Board since August 2011, and has served on a number of Board committees, including as Chair of the Audit Committee since March 2012. Mr. Chadwick will continue to serve as a director until the date of the Annual Meeting. The Board expressed its appreciation for Mr. Chadwick’s service to the Company.

On January 3, 2019, the Board of Directors (the “Board”) of F5 Networks, Inc. (the “Company”) appointed Mr. Nikhil Mehta and Ms. Marie Myers as directors. In connection with his services as a director, Mr. Mehta will be entitled to the customary compensation arrangements for the Company’s non-employee directors (including entering into the Company’s standard indemnification agreement for directors and officers); an annual retainer in the amount of $60,000; and an annual payment of $12,500 as a member of the Nominating and Corporate Governance Committee. The Board is expected to approve a grant to Mr. Mehta to be made effective February 1, 2019 under the Company’s 2014 Incentive Plan of restricted stock units having a grant date value of $48,077 reflecting a pro-rata portion of the $250,000 annual grant value to directors. In connection with her services as a director, Ms.

On July 16, 2018, the Board of Directors (the “Board”) of F5 Networks, Inc. (the “Company”) elected Michel Combes as a director. Mr. Combes will serve as a member of the Board’s Nominating and Corporate Governance Committee. In connection with his services as a director, Mr. Combes will be entitled to the customary compensation arrangements for the Company’s non-employee directors; an annual retainer in the amount of $60,000 and an annual payment of $12,500 as a member of the Nominating and Corporate Governance Committee. On July 20, 2018, the Board approved a grant to be made effective August 1, 2018 under the Company’s 2014 Incentive Plan of restricted stock units having a grant date value of $250,000.

On April 25, 2018, F5 Networks, Inc. (the “Company”) announced that the Board of Directors of the Company on April 20, 2018 took action to appoint Francis J. Pelzer as its next Executive Vice President and Chief Financial Officer (“CFO”). Mr. Pelzer will assume his role effective May 21, 2018, and, consistent with the Company’s previous announcement, current CFO Andrew Reinland will retire May 31, 2018 in order to assist with the transition. Mr. Pelzer, age 47, has served as President and Chief Operating Officer of the Cloud Business Group of SAP SE (a publicly-traded, multinational enterprise software corporation) since August 2015 and prior to that served as its Chief Financial Officer starting in 2015. From May 2010 to January 2015, Mr. Pelzer served as the Chief Financial Officer of Concur Technologies, Inc.

On February 4, 2018, the Board of Directors (the “Board”) of F5 Networks, Inc. (the “Company”) accepted the resignation of Stephen M. Smith from his position as a director of the Company, including his membership on each of the Compensation Committee and the Nominating & Corporate Governance Committee, effective immediately. In connection with such resignation, Mr. Smith is no longer a nominee for election to the Board at the Company’s upcoming annual meeting of shareholders planned to be held on March 15, 2018 and only the nine remaining nominees for director will stand for election at such meeting. The resignation was not the result of any disagreement with the Company. Pursuant to the recommendation of the Nominating & Corporate Governance Committee, the Board voted to reduce the size of the Board from ten to nine members, effective immediately.

On December 6, 2017, Andrew Reinland, Executive Vice President and Chief Financial Officer of F5 Networks, Inc. (the “Company”), informed the Company of his plans to retire during the Company’s third fiscal quarter, which ends June 30, 2018. In the meantime, Mr. Reinland will continue in his current roles at the Company and will assist the Company in conducting a thorough search for his successor, including consideration of internal and external candidates, and otherwise in the transition. In recognition of, among other things, his long and distinguished service to the Company, the Company has accelerated the vesting of 7,301 of Mr. Reinland’s restricted stock units from November 1, 2018 to May 1, 2018, in accordance with the terms of the related retention award agreement.

On November 1, 2017, Benjamin Gibson notified F5 Networks, Inc. (the “Company”) that he will resign as Executive Vice President of Marketing, effective December 1, 2017.

Following up on a previous announcement, F5 Networks, Inc. (the “Company”) announced today that Edward J. Eames, the Company’s Executive Vice President and Chief Operations Officer, will retire on November 3, 2017. As part of this transition, Steve McMillan has been appointed as the Company’s Executive Vice President, Global Services, starting October 9, 2017. Mr. McMillan most recently served in management in Oracle Corporation’s Cloud Services business.

On July 24, 2017, Edward J. Eames, Executive Vice President and Chief Operations Officer of F5 Networks, Inc. (the "Company") informed the Company of his plans to retire following the end of the Company's fiscal year 2017, which is September 30, 2017.

On January 30, 2017, F5 Networks, Inc. (the “Company”) announced that the Board of Directors of the Company (the “Board”) on January 27, 2017 had appointed Francois Locoh-Donou as its next President and Chief Executive Officer (“CEO”) and as a director of the Company. Mr. Locoh-Donou will assume his new roles effective April 3, 2017, at which time current CEO John McAdam will retire as an employee of the Company. Mr. McAdam is continuing to serve as a member of the Company’s Board, with Alan H. Higginson remaining as Chairman of the Board. Francois Locoh-Donou, age 45, currently serves as the Senior Vice President and Chief Operating Officer of Ciena Corporation (a global network strategy and technology company publicly traded on the NYSE) and has done so since November 2015. Prior to that, Mr.

F5 Networks, Inc. (the “Company” or “F5”) previously reported on a current report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on September 6, 2016 that Karl Triebes had notified the Company on August 30, 2016 of his resignation as the Company’s Executive Vice President of Product Development and Chief Technical Officer. In connection with Mr. Triebes’ continued transition from the Company, on September 26, 2016, the Company and Mr. Triebes entered into a Separation and Consulting Agreement and General Release of All Claims (the “Agreement”), whereby Mr. Triebes would continue his employment to provide consulting services to the Company through a separation date of January 1, 2017. As part of the Agreement, Mr. Triebes agreed to, among other things, non-competition and non-solicitation obligations and a waiver and release of claims.

On August 30, 2016, Karl Triebes notified F5 Networks, Inc. (the “Company”) that he is resigning as Executive Vice President of Product Development and Chief Technical Officer of the Company, effective immediately. The Company appointed its current Senior Vice President of Product Development Ryan Kearny as its Interim Executive Vice President of Product Development and Chief Technical Officer. Mr. Triebes is expected to remain in an advisory role with the Company until January 1, 2017. The Company expects to enter into a release and consulting arrangement with Mr. Triebes, and it will provide information relating to such arrangement in a subsequent filing with the Securities and Exchange Commission, as may be required. - 2 -

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On August 9, 2016, Kristen Roby Dimlow notified F5 Networks, Inc. (the “Company”) that she will resign as Executive Vice President of Human Resources.

F5 Networks, Inc. (the “Company” or “F5”) previously reported on a current report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on December 14, 2015 that John McAdam had been appointed as the Company’s President and Chief Executive Officer and that Manuel Rivelo had resigned as the Company’s President and Chief Executive Officer and as a director, effective December 13, 2015. The Company approved a compensation arrangement for Mr. McAdam as F5’s President and Chief Executive Officer. On December 30, 2015, the Company approved for Mr. McAdam an annual base salary rate of $910,000 and a target bonus for the last three quarters of fiscal year 2016 of 130% of his base salary rate for such period. In addition, the Company will on February 1, 2016 provide Mr.