John Whittle - 22 Feb 2022 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 Feb 2022
Net transactions value
-$1,313,126
Form type
4
Filing time
23 Feb 2022, 15:06:52 UTC
Previous filing
06 Mar 2023
Next filing
23 Mar 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 22 Feb 2022 Direct F1
transaction FTNT Common Stock Options Exercise $59,143 +700 +58% $84.49 1,916 22 Feb 2022 Direct F1
transaction FTNT Common Stock Options Exercise $56,782 +496 +26% $114.48 2,412 22 Feb 2022 Direct F1
transaction FTNT Common Stock Options Exercise $1,049,117 +6,102 +253% $171.93 8,514 22 Feb 2022 Direct F1
transaction FTNT Common Stock Sale $146,863 -500 -5.9% $293.73 8,014 22 Feb 2022 Direct F1, F2
transaction FTNT Common Stock Sale $463,029 -1,570 -20% $294.92 6,444 22 Feb 2022 Direct F1, F3
transaction FTNT Common Stock Sale $414,164 -1,400 -22% $295.83 5,044 22 Feb 2022 Direct F1, F4
transaction FTNT Common Stock Sale $374,229 -1,260 -25% $297.01 3,784 22 Feb 2022 Direct F1, F5
transaction FTNT Common Stock Sale $119,282 -400 -11% $298.20 3,384 22 Feb 2022 Direct F1, F6
transaction FTNT Common Stock Sale $172,710 -576 -17% $299.84 2,808 22 Feb 2022 Direct F1, F7
transaction FTNT Common Stock Sale $401,763 -1,335 -48% $300.95 1,473 22 Feb 2022 Direct F1, F8
transaction FTNT Common Stock Sale $263,596 -873 -59% $301.94 600 22 Feb 2022 Direct F1, F9
transaction FTNT Common Stock Sale $90,893 -300 -50% $302.98 300 22 Feb 2022 Direct F1, F10
transaction FTNT Common Stock Sale $91,295 -300 -100% $304.32 0 22 Feb 2022 Direct F1, F11

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 -5.6% $0.000000 20,665 22 Feb 2022 Common Stock 1,216 $49.06 Direct F1, F12
transaction FTNT Stock Option (right to buy) Options Exercise $0 -700 -7.7% $0.000000 8,399 22 Feb 2022 Common Stock 700 $84.49 Direct F1, F13
transaction FTNT Stock Option (right to buy) Options Exercise $0 -496 -4% $0.000000 11,898 22 Feb 2022 Common Stock 496 $114.48 Direct F1, F14
transaction FTNT Stock Option (right to buy) Options Exercise $0 -6,102 -25% $0.000000 18,309 22 Feb 2022 Common Stock 6,102 $171.93 Direct F1, F15
* 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 $293.40 and the highest price at which shares were sold was $294.07. 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 (11) to this Form 4.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $294.42 and the highest price at which shares were sold was $295.36.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $295.44 and the highest price at which shares were sold was $296.43.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $296.56 and the highest price at which shares were sold was $297.42.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $298.01 and the highest price at which shares were sold was $298.56.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $299.44 and the highest price at which shares were sold was $300.30.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $300.47 and the highest price at which shares were sold was $301.37.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $301.47 and the highest price at which shares were sold was $302.30.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $302.65 and the highest price at which shares were sold was $303.20.
F11 Represents the weighted average sale price. The lowest price at which shares were sold was $304.14 and the highest price at which shares were sold was $304.67.
F12 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.
F13 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.
F14 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.
F15 1/4 of the shares subject to the option will vest on February 19, 2022, 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.