John Whittle - Nov 22, 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
Nov 22, 2021
Transactions value $
-$632,532
Form type
4
Date filed
11/23/2021, 08:14 PM
Previous filing
Nov 3, 2021
Next filing
Dec 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 Nov 22, 2021 Direct F1
transaction FTNT Common Stock Options Exercise $59.1K +700 +57.61% $84.49 1.92K Nov 22, 2021 Direct F1
transaction FTNT Common Stock Options Exercise $56.8K +496 +25.9% $114.48 2.41K Nov 22, 2021 Direct F1
transaction FTNT Common Stock Sale -$32.7K -100 -4.15% $327.11 2.31K Nov 22, 2021 Direct F1
transaction FTNT Common Stock Sale -$72.5K -220 -9.52% $329.71 2.09K Nov 22, 2021 Direct F1, F2
transaction FTNT Common Stock Sale -$110K -332 -15.88% $331.07 1.76K Nov 22, 2021 Direct F1, F3
transaction FTNT Common Stock Sale -$133K -400 -22.74% $333.14 1.36K Nov 22, 2021 Direct F1, F4
transaction FTNT Common Stock Sale -$154K -459 -33.77% $335.62 900 Nov 22, 2021 Direct F1, F5
transaction FTNT Common Stock Sale -$67.4K -200 -22.22% $337.13 700 Nov 22, 2021 Direct F1, F6
transaction FTNT Common Stock Sale -$33.8K -100 -14.29% $338.49 600 Nov 22, 2021 Direct F1
transaction FTNT Common Stock Sale -$102K -300 -50% $340.05 300 Nov 22, 2021 Direct F1, F7
transaction FTNT Common Stock Sale -$102K -300 -100% $341.02 0 Nov 22, 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 -1.22K -4.76% $0.00 24.3K Nov 22, 2021 Common Stock 1.22K $49.06 Direct F1, F9
transaction FTNT Stock Option (right to buy) Options Exercise $0 -700 -6.25% $0.00 10.5K Nov 22, 2021 Common Stock 700 $84.49 Direct F1, F10
transaction FTNT Stock Option (right to buy) Options Exercise $0 -496 -3.57% $0.00 13.4K Nov 22, 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.