John Whittle - 22 Nov 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: 22 Nov 2021
Net transactions value: -$632,532
Form type: 4
Filing time: 23 Nov 2021, 20:14:25 UTC
Previous filing: 03 Nov 2021
Next filing: 22 Dec 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	22 Nov 2021	Direct	F1
transaction	FTNT	Common Stock	Options Exercise	$59,143	+700	+58%	$84.49	1,915	22 Nov 2021	Direct	F1
transaction	FTNT	Common Stock	Options Exercise	$56,782	+496	+26%	$114.48	2,411	22 Nov 2021	Direct	F1
transaction	FTNT	Common Stock	Sale	$32,711	-100	-4.1%	$327.11	2,311	22 Nov 2021	Direct	F1
transaction	FTNT	Common Stock	Sale	$72,537	-220	-9.5%	$329.71	2,091	22 Nov 2021	Direct	F1, F2
transaction	FTNT	Common Stock	Sale	$109,915	-332	-16%	$331.07	1,759	22 Nov 2021	Direct	F1, F3
transaction	FTNT	Common Stock	Sale	$133,255	-400	-23%	$333.14	1,359	22 Nov 2021	Direct	F1, F4
transaction	FTNT	Common Stock	Sale	$154,051	-459	-34%	$335.62	900	22 Nov 2021	Direct	F1, F5
transaction	FTNT	Common Stock	Sale	$67,425	-200	-22%	$337.12	700	22 Nov 2021	Direct	F1, F6
transaction	FTNT	Common Stock	Sale	$33,849	-100	-14%	$338.49	600	22 Nov 2021	Direct	F1
transaction	FTNT	Common Stock	Sale	$102,015	-300	-50%	$340.05	300	22 Nov 2021	Direct	F1, F7
transaction	FTNT	Common Stock	Sale	$102,307	-300	-100%	$341.02	0	22 Nov 2021	Direct	F1, F8

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	-4.8%	$0.000000	24,313	22 Nov 2021	Common Stock	1,215	$49.06	Direct	F1, F9
transaction	FTNT	Stock Option (right to buy)	Options Exercise	$0	-700	-6.3%	$0.000000	10,499	22 Nov 2021	Common Stock	700	$84.49	Direct	F1, F10
transaction	FTNT	Stock Option (right to buy)	Options Exercise	$0	-496	-3.6%	$0.000000	13,386	22 Nov 2021	Common Stock	496	$114.48	Direct	F1, F11

* 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 $329.51 and the highest price at which shares were sold was $330.30. 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 (8) to this Form 4.
F3	Represents the weighted average sale price. The lowest price at which shares were sold was $330.65 and the highest price at which shares were sold was $331.32.
F4	Represents the weighted average sale price. The lowest price at which shares were sold was $332.87 and the highest price at which shares were sold was $333.33.
F5	Represents the weighted average sale price. The lowest price at which shares were sold was $335.19 and the highest price at which shares were sold was $336.15.
F6	Represents the weighted average sale price. The lowest price at which shares were sold was $336.95 and the highest price at which shares were sold was $337.30.
F7	Represents the weighted average sale price. The lowest price at which shares were sold was $339.57 and the highest price at which shares were sold was $340.34.
F8	Represents the weighted average sale price. The lowest price at which shares were sold was $340.70 and the highest price at which shares were sold was $341.43.
F9	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.
F10	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.
F11	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.