John Whittle - 21 Sep 2021 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
VP Corp Dev&Strat Alliance,GC
Signature
/s/ Robert Turner, by power of attorney
Issuer symbol
FTNT
Transactions as of
21 Sep 2021
Net transactions value
-$552,589
Form type
4
Filing time
22 Sep 2021, 18:04:51 UTC
Previous filing
24 Aug 2021
Next filing
22 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Options Exercise $59,608 +1,215 $49.06 1,215 21 Sep 2021 Direct
transaction FTNT Common Stock Options Exercise $59,143 +700 +58% $84.49 1,915 21 Sep 2021 Direct
transaction FTNT Common Stock Options Exercise $56,782 +496 +26% $114.48 2,411 21 Sep 2021 Direct
transaction FTNT Common Stock Sale $728,122 -2,411 -100% $302.00 0 21 Sep 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FTNT Stock Option (right to buy) Options Exercise $0 -1,215 -4.3% $0.000000 26,744 21 Sep 2021 Common Stock 1,215 $49.06 Direct F1, F2
transaction FTNT Stock Option (right to buy) Options Exercise $0 -700 -5.6% $0.000000 11,898 21 Sep 2021 Common Stock 700 $84.49 Direct F1, F3
transaction FTNT Stock Option (right to buy) Options Exercise $0 -496 -3.3% $0.000000 14,377 21 Sep 2021 Common Stock 496 $114.48 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F2 1/4 of the shares subject to the option vested on February 20, 2019 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F3 1/4 of the shares subject to the option vested on February 21, 2020 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F4 1/4 of the shares subject to the option will vest on February 21, 2021 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.