Michael Xie - May 24, 2021 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Signature
/s/ Robert Turner, by power of attorney
Stock symbol
FTNT
Transactions as of
May 24, 2021
Transactions value $
-$17,100,158
Form type
4
Date filed
5/25/2021, 07:01 PM
Next filing
Aug 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Sale -$550K -2.59K -0.04% $212.57 6.03M May 24, 2021 Direct F1, F2
transaction FTNT Common Stock Sale -$5.65M -26.5K -0.44% $213.57 6M May 24, 2021 Direct F1, F3
transaction FTNT Common Stock Sale -$2.35M -11K -0.18% $214.34 5.99M May 24, 2021 Direct F1, F4
transaction FTNT Common Stock Sale -$172K -809 -0.02% $212.04 3.49M May 24, 2021 See Footnote F1, F5, F6
transaction FTNT Common Stock Sale -$4.07M -19.1K -0.55% $213.41 3.47M May 24, 2021 See Footnote F1, F6, F7
transaction FTNT Common Stock Sale -$4.13M -19.3K -0.56% $214.20 3.45M May 24, 2021 See Footnote F1, F6, F8
transaction FTNT Common Stock Sale -$181K -844 -0.02% $214.71 3.45M May 24, 2021 See Footnote F1, F6, F9
holding FTNT Common Stock 1.99M May 24, 2021 See Footnote F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $212.04 and the highest price at which shares were sold was $213.03. The reporting person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (2) through (9) to this Form 4.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $213.04 and the highest price at which shares were sold was $214.03.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $214.04 and the highest price at which shares were sold was $214.72.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $211.53 and the highest price at which shares were sold was $212.44.
F6 Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $212.67 and the highest price at which shares were sold was $213.665.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $213.67 and the highest price at which shares were sold was $214.66.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $214.675 and the highest price at which shares were sold was $214.75.
F10 Shares held directly by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.