| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FTNT | Common Stock | Options Exercise | $0 | +1.09K | $0.00 | 1.09K | Nov 1, 2021 | Direct | F1 | |
| transaction | FTNT | Common Stock | Options Exercise | $0 | +700 | +63.99% | $0.00 | 1.79K | Nov 1, 2021 | Direct | F1 |
| transaction | FTNT | Common Stock | Options Exercise | $0 | +496 | +27.65% | $0.00 | 2.29K | Nov 1, 2021 | Direct | F1 |
| transaction | FTNT | Common Stock | Tax liability | -$369K | -1.14K | -49.65% | $324.11 | 1.15K | Nov 1, 2021 | Direct | F2 |
| transaction | FTNT | Common Stock | Sale | -$381K | -1.15K | -100% | $330.06 | 0 | Nov 3, 2021 | Direct | F3 |
| 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 | -1.09K | -49.98% | $0.00 | 1.1K | Nov 1, 2021 | Common Stock | 1.09K | $0.00 | Direct | F1, F4, F5, F6 |
| transaction | FTNT | Restricted Stock Units | Options Exercise | $0 | -700 | -16.67% | $0.00 | 3.5K | Nov 1, 2021 | Common Stock | 700 | $0.00 | Direct | F1, F4, F6, F7 |
| transaction | FTNT | Restricted Stock Units | Options Exercise | $0 | -496 | -10% | $0.00 | 4.46K | Nov 1, 2021 | Common Stock | 496 | $0.00 | Direct | F1, F4, F6, F8 |
| Id | Content |
|---|---|
| F1 | Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. |
| F2 | Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. |
| F3 | The reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person. |
| F4 | Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. |
| F5 | 25% of the RSUs vested on February 1, 2019, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter until the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting. |
| F6 | RSUs do not expire; they either vest or are canceled prior to vesting date. |
| F7 | 25% of the RSUs vested on February 1, 2020, then the remaining 75% of the RSUs vest in equal installments on each quarterly anniversary thereafter until the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting. |
| F8 | 25% of the RSUs vested on February 1, 2021, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting. |