John Whittle - 21 Dec 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
21 Dec 2021
Net transactions value
-$625,957
Form type
4
Filing time
22 Dec 2021, 19:30:44 UTC
Previous filing
23 Nov 2021
Next filing
24 Jan 2022
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 $59,657 +1,216 $49.06 1,216 21 Dec 2021 Direct F1
transaction FTNT Common Stock Options Exercise $59,143 +700 +58% $84.49 1,916 21 Dec 2021 Direct F1
transaction FTNT Common Stock Options Exercise $56,782 +496 +26% $114.48 2,412 21 Dec 2021 Direct F1
transaction FTNT Common Stock Sale $129,902 -400 -17% $324.76 2,012 21 Dec 2021 Direct F1, F2
transaction FTNT Common Stock Sale $65,428 -200 -9.9% $327.14 1,812 21 Dec 2021 Direct F1, F3
transaction FTNT Common Stock Sale $98,543 -300 -17% $328.48 1,512 21 Dec 2021 Direct F1, F4
transaction FTNT Common Stock Sale $66,250 -200 -13% $331.25 1,312 21 Dec 2021 Direct F1, F5
transaction FTNT Common Stock Sale $66,624 -200 -15% $333.12 1,112 21 Dec 2021 Direct F1, F6
transaction FTNT Common Stock Sale $137,424 -410 -37% $335.18 702 21 Dec 2021 Direct F1, F7
transaction FTNT Common Stock Sale $35,608 -106 -15% $335.93 596 21 Dec 2021 Direct F1, F8
transaction FTNT Common Stock Sale $110,509 -327 -55% $337.95 269 21 Dec 2021 Direct F1, F9
transaction FTNT Common Stock Sale $91,251 -269 -100% $339.22 0 21 Dec 2021 Direct F1, F10

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 -5% $0.000000 23,097 21 Dec 2021 Common Stock 1,216 $49.06 Direct F1, F11
transaction FTNT Stock Option (right to buy) Options Exercise $0 -700 -6.7% $0.000000 9,799 21 Dec 2021 Common Stock 700 $84.49 Direct F1, F12
transaction FTNT Stock Option (right to buy) Options Exercise $0 -496 -3.7% $0.000000 12,890 21 Dec 2021 Common Stock 496 $114.48 Direct F1, F13
* 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 $324.20 and the highest price at which shares were sold was $325.19. 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 (10) to this Form 4.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $326.77 and the highest price at which shares were sold was $327.51.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $328.13 and the highest price at which shares were sold was $328.74.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $330.87 and the highest price at which shares were sold was $331.63.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $332.72 and the highest price at which shares were sold was $333.52.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $334.83 and the highest price at which shares were sold was $335.43.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $335.84 and the highest price at which shares were sold was $335.99.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $337.31 and the highest price at which shares were sold was $338.29.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $339.10 and the highest price at which shares were sold was $339.46.
F11 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.
F12 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.
F13 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.