Michael Xie - May 9, 2022 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Signature
/s/ Robert Turner, by power of attorney
Stock symbol
FTNT
Transactions as of
May 9, 2022
Transactions value $
-$411,347
Form type
4
Date filed
5/10/2022, 05:02 PM
Previous filing
May 3, 2022
Next filing
Aug 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Sale -$68.5K -280 0% $244.82 5.96M May 9, 2022 Direct F1, F2
transaction FTNT Common Stock Sale -$90.3K -368 -0.01% $245.44 5.96M May 9, 2022 Direct F1, F3
transaction FTNT Common Stock Sale -$44.4K -180 0% $246.85 5.96M May 9, 2022 Direct F1, F4
transaction FTNT Common Stock Sale -$52.8K -213 0% $247.80 5.96M May 9, 2022 Direct F1, F5
transaction FTNT Common Stock Sale -$24.9K -100 0% $248.75 5.95M May 9, 2022 Direct F1, F6
transaction FTNT Common Stock Sale -$20K -80 0% $249.74 5.95M May 9, 2022 Direct F1, F7
transaction FTNT Common Stock Sale -$25.1K -100 0% $251.01 5.95M May 9, 2022 Direct F1, F8
transaction FTNT Common Stock Sale -$10.1K -40 0% $252.36 5.95M May 9, 2022 Direct F1, F9
transaction FTNT Common Stock Sale -$20.3K -80 0% $254.06 5.95M May 9, 2022 Direct F1, F10
transaction FTNT Common Stock Sale -$6.64K -26 0% $255.46 5.95M May 9, 2022 Direct F1, F11
transaction FTNT Common Stock Sale -$17K -66 0% $257.71 5.95M May 9, 2022 Direct F1, F12
transaction FTNT Common Stock Sale -$26K -100 0% $260.10 5.95M May 9, 2022 Direct F1, F13
transaction FTNT Common Stock Sale -$5.23K -20 0% $261.41 5.95M May 9, 2022 Direct F1
holding FTNT Common Stock 1.99M May 9, 2022 See Footnote F14
holding FTNT Common Stock 3.41M May 9, 2022 See Footnote F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 were 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 $244.17 and the highest price at which shares were sold was $245.11. 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 (13) to this Form 4.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $245.17 and the highest price at which shares were sold was $245.97.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $246.17 and the highest price at which shares were sold was $247.16.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $247.40 and the highest price at which shares were sold was $248.35.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $248.47 and the highest price at which shares were sold was $249.31.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $249.54 and the highest price at which shares were sold was $250.00.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $250.70 and the highest price at which shares were sold was $251.57.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $252.31 and the highest price at which shares were sold was $252.40.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $253.75 and the highest price at which shares were sold was $254.49.
F11 Represents the weighted average sale price. The lowest price at which shares were sold was $255.26 and the highest price at which shares were sold was $255.52.
F12 Represents the weighted average sale price. The lowest price at which shares were sold was $257.63 and the highest price at which shares were sold was $257.81.
F13 Represents the weighted average sale price. The lowest price at which shares were sold was $259.71 and the highest price at which shares were sold was $260.57.
F14 Shares held directly by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.
F15 Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.