Kenneth A. Goldman - Sep 30, 2021 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
Director
Signature
/s/ Robert Turner, by power of attorney
Stock symbol
FTNT
Transactions as of
Sep 30, 2021
Transactions value $
$0
Form type
4
Date filed
10/1/2021, 04:20 PM
Previous filing
Aug 25, 2021
Next filing
Nov 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Options Exercise $0 +243 +17.26% $0.00 1.65K Sep 30, 2021 Direct F1
holding FTNT Common Stock 4.15K Sep 30, 2021 By Goldman-Valeriote Family Trust u/a/d 11/15/95 F2
holding FTNT Common Stock 200 Sep 30, 2021 By GV Partners L.P. F3

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 Restricted Stock Units Options Exercise $0 -243 -24.92% $0.00 732 Sep 30, 2021 Common Stock 243 $0.00 Direct F1, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 12, 2021.
F2 The Reporting Person is a trustee of the Trust and may be deemed to have voting and dispositive power with regard to the shares held by the Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Trust except to the extent of his pecuniary interest therein.
F3 GV Partners L.P. is a family limited partnership of which the Reporting Person is the managing member.
F4 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F5 The RSUs will vest in substantially equal increments on each of September 30, 2021, December 31, 2021, March 31, 2022, and the earlier of (i) June 30, 2022 and (ii) the date immediately preceding the Issuer's 2022 annual meeting of stockholders, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting.
F6 RSUs do not expire; they either vest or are canceled prior to vest date.