John Whittle - Feb 22, 2022 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Signature
/s/ Robert Turner, by power of attorney
Stock symbol
FTNT
Transactions as of
Feb 22, 2022
Transactions value $
-$1,313,126
Form type
4
Date filed
2/23/2022, 03:06 PM
Previous filing
Mar 6, 2023
Next filing
Mar 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Options Exercise $59.7K +1.22K $49.06 1.22K Feb 22, 2022 Direct F1
transaction FTNT Common Stock Options Exercise $59.1K +700 +57.57% $84.49 1.92K Feb 22, 2022 Direct F1
transaction FTNT Common Stock Options Exercise $56.8K +496 +25.89% $114.48 2.41K Feb 22, 2022 Direct F1
transaction FTNT Common Stock Options Exercise $1.05M +6.1K +252.99% $171.93 8.51K Feb 22, 2022 Direct F1
transaction FTNT Common Stock Sale -$147K -500 -5.87% $293.73 8.01K Feb 22, 2022 Direct F1, F2
transaction FTNT Common Stock Sale -$463K -1.57K -19.59% $294.92 6.44K Feb 22, 2022 Direct F1, F3
transaction FTNT Common Stock Sale -$414K -1.4K -21.73% $295.83 5.04K Feb 22, 2022 Direct F1, F4
transaction FTNT Common Stock Sale -$374K -1.26K -24.98% $297.01 3.78K Feb 22, 2022 Direct F1, F5
transaction FTNT Common Stock Sale -$119K -400 -10.57% $298.21 3.38K Feb 22, 2022 Direct F1, F6
transaction FTNT Common Stock Sale -$173K -576 -17.02% $299.84 2.81K Feb 22, 2022 Direct F1, F7
transaction FTNT Common Stock Sale -$402K -1.34K -47.54% $300.95 1.47K Feb 22, 2022 Direct F1, F8
transaction FTNT Common Stock Sale -$264K -873 -59.27% $301.94 600 Feb 22, 2022 Direct F1, F9
transaction FTNT Common Stock Sale -$90.9K -300 -50% $302.98 300 Feb 22, 2022 Direct F1, F10
transaction FTNT Common Stock Sale -$91.3K -300 -100% $304.32 0 Feb 22, 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 -1.22K -5.56% $0.00 20.7K Feb 22, 2022 Common Stock 1.22K $49.06 Direct F1, F12
transaction FTNT Stock Option (right to buy) Options Exercise $0 -700 -7.69% $0.00 8.4K Feb 22, 2022 Common Stock 700 $84.49 Direct F1, F13
transaction FTNT Stock Option (right to buy) Options Exercise $0 -496 -4% $0.00 11.9K Feb 22, 2022 Common Stock 496 $114.48 Direct F1, F14
transaction FTNT Stock Option (right to buy) Options Exercise $0 -6.1K -25% $0.00 18.3K Feb 22, 2022 Common Stock 6.1K $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.