Keith Jensen - 24 Feb 2022 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
CFO & Chief Accounting Officer
Signature
/s/ Robert Turner, by power of attorney
Issuer symbol
FTNT
Transactions as of
24 Feb 2022
Net transactions value
-$989,248
Form type
4
Filing time
28 Feb 2022, 15:12:50 UTC
Previous filing
06 Mar 2023
Next filing
03 May 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 Sale $165,456 -526 -13% $314.56 3,484 24 Feb 2022 Direct F1, F2
transaction FTNT Common Stock Sale $664,984 -2,101 -60% $316.51 1,383 24 Feb 2022 Direct F1, F3
transaction FTNT Common Stock Sale $126,980 -400 -29% $317.45 983 24 Feb 2022 Direct F1, F4
transaction FTNT Common Stock Sale $31,828 -100 -10% $318.28 883 24 Feb 2022 Direct F1
* 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 $314.28 and the highest price at which shares were sold was $314.95. 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), (3) and (4) to this Form 4.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $316.01 and the highest price at which shares were sold was $316.93.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $317.23 and the highest price at which shares were sold was $317.64.

Remarks:

This Form 4 is the second of two Forms 4 filed to report transactions by the Reporting Person that occurred on February 24, 2022. This Form 4 is split into two filings because the SEC's EDGAR filing system limits the number of transactions reported on a single Form 4.