John Whittle - Mar 21, 2022 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
VP Corp Dev&Strat Alliance,GC
Signature
/s/ Robert Turner, by power of attorney
Stock symbol
FTNT
Transactions as of
Mar 21, 2022
Transactions value $
-$334,289
Form type
4
Date filed
3/23/2022, 04:09 PM
Previous filing
Feb 23, 2022
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Options Exercise $59.1K +700 $84.49 700 Mar 21, 2022 Direct F1
transaction FTNT Common Stock Options Exercise $56.7K +495 +70.71% $114.48 1.2K Mar 21, 2022 Direct F1
transaction FTNT Common Stock Options Exercise $87.5K +509 +42.59% $171.93 1.7K Mar 21, 2022 Direct F1
transaction FTNT Common Stock Sale -$538K -1.7K -100% $315.50 0 Mar 21, 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 -8.33% $0.00 7.7K Mar 21, 2022 Common Stock 700 $84.49 Direct F1, F2
transaction FTNT Stock Option (right to buy) Options Exercise $0 -495 -4.16% $0.00 11.4K Mar 21, 2022 Common Stock 495 $114.48 Direct F1, F3
transaction FTNT Stock Option (right to buy) Options Exercise $0 -509 -2.78% $0.00 17.8K Mar 21, 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.