John Whittle - 21 Mar 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: 21 Mar 2022
Net transactions value: -$334,289
Form type: 4
Filing time: 23 Mar 2022, 16:09:47 UTC
Previous filing: 23 Feb 2022
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	Options Exercise	$59,143	+700		$84.49	700	21 Mar 2022	Direct	F1
transaction	FTNT	Common Stock	Options Exercise	$56,668	+495	+71%	$114.48	1,195	21 Mar 2022	Direct	F1
transaction	FTNT	Common Stock	Options Exercise	$87,512	+509	+43%	$171.93	1,704	21 Mar 2022	Direct	F1
transaction	FTNT	Common Stock	Sale	$537,612	-1,704	-100%	$315.50	0	21 Mar 2022	Direct	F1

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	-700	-8.3%	$0.000000	7,699	21 Mar 2022	Common Stock	700	$84.49	Direct	F1, F2
transaction	FTNT	Stock Option (right to buy)	Options Exercise	$0	-495	-4.2%	$0.000000	11,403	21 Mar 2022	Common Stock	495	$114.48	Direct	F1, F3
transaction	FTNT	Stock Option (right to buy)	Options Exercise	$0	-509	-2.8%	$0.000000	17,800	21 Mar 2022	Common Stock	509	$171.93	Direct	F1, F4

* 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	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.
F3	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.
F4	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.