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

Role
VP Corp Dev&Strat Alliance,GC
Signature
/s/ Robert Turner, by power of attorney
Stock symbol
FTNT
Transactions as of
Sep 21, 2021
Transactions value $
-$552,589
Form type
4
Date filed
9/22/2021, 06:04 PM
Previous filing
Aug 24, 2021
Next filing
Oct 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Options Exercise $59.6K +1.22K $49.06 1.22K Sep 21, 2021 Direct
transaction FTNT Common Stock Options Exercise $59.1K +700 +57.61% $84.49 1.92K Sep 21, 2021 Direct
transaction FTNT Common Stock Options Exercise $56.8K +496 +25.9% $114.48 2.41K Sep 21, 2021 Direct
transaction FTNT Common Stock Sale -$728K -2.41K -100% $302.00 0 Sep 21, 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 -1.22K -4.35% $0.00 26.7K Sep 21, 2021 Common Stock 1.22K $49.06 Direct F1, F2
transaction FTNT Stock Option (right to buy) Options Exercise $0 -700 -5.56% $0.00 11.9K Sep 21, 2021 Common Stock 700 $84.49 Direct F1, F3
transaction FTNT Stock Option (right to buy) Options Exercise $0 -496 -3.33% $0.00 14.4K Sep 21, 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.