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

Signature
/s/ Robert Turner, by power of attorney
Issuer symbol
FTNT
Transactions as of
21 Oct 2021
Net transactions value
-$623,464
Form type
4
Filing time
22 Oct 2021, 17:07:25 UTC
Previous filing
22 Sep 2021
Next filing
03 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Options Exercise $59,657 +1,216 $49.06 1,216 21 Oct 2021 Direct
transaction FTNT Common Stock Options Exercise $59,059 +699 +57% $84.49 1,915 21 Oct 2021 Direct
transaction FTNT Common Stock Options Exercise $56,668 +495 +26% $114.48 2,410 21 Oct 2021 Direct
transaction FTNT Common Stock Sale $166,835 -508 -21% $328.41 1,902 21 Oct 2021 Direct F1, F2
transaction FTNT Common Stock Sale $65,907 -200 -11% $329.54 1,702 21 Oct 2021 Direct F1, F3
transaction FTNT Common Stock Sale $132,655 -400 -24% $331.64 1,302 21 Oct 2021 Direct F1, F4
transaction FTNT Common Stock Sale $266,027 -800 -61% $332.53 502 21 Oct 2021 Direct F1, F5
transaction FTNT Common Stock Sale $156,059 -468 -93% $333.46 34 21 Oct 2021 Direct F1, F6
transaction FTNT Common Stock Sale $11,365 -34 -100% $334.26 0 21 Oct 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 -1,216 -4.5% $0.000000 25,528 21 Oct 2021 Common Stock 1,216 $49.06 Direct F1, F7
transaction FTNT Stock Option (right to buy) Options Exercise $0 -699 -5.9% $0.000000 11,199 21 Oct 2021 Common Stock 699 $84.49 Direct F1, F8
transaction FTNT Stock Option (right to buy) Options Exercise $0 -495 -3.4% $0.000000 13,882 21 Oct 2021 Common Stock 495 $114.48 Direct F1, F9
* 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 Represents the weighted average sale price. The lowest price at which shares were sold was $327.94 and the highest price at which shares were sold was $328.77. 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 (6) to this Form 4.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $329.06 and the highest price at which shares were sold was $330.01.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $331.15 and the highest price at which shares were sold was $332.00.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $332.16 and the highest price at which shares were sold was $333.11.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $333.19 and the highest price at which shares were sold was $333.91.
F7 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.
F8 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.
F9 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.