Keith Jensen - May 25, 2022 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
CFO & Chief Accounting Officer
Signature
/s/ Robert Turner, by power of attorney
Stock symbol
FTNT
Transactions as of
May 25, 2022
Transactions value $
-$1,288,580
Form type
4
Date filed
5/26/2022, 04:33 PM
Previous filing
May 18, 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 Options Exercise $249K +2.95K +333.52% $84.49 3.83K May 25, 2022 Direct F1
transaction FTNT Common Stock Options Exercise $291K +2.55K +66.51% $114.48 6.37K May 25, 2022 Direct F1
transaction FTNT Common Stock Options Exercise $412K +2.4K +37.61% $171.93 8.77K May 25, 2022 Direct F1
transaction FTNT Common Stock Sale -$730K -2.6K -29.61% $281.00 6.17K May 25, 2022 Direct F1, F2
transaction FTNT Common Stock Sale -$226K -800 -12.96% $282.70 5.37K May 25, 2022 Direct F1, F3
transaction FTNT Common Stock Sale -$236K -831 -15.46% $283.96 4.54K May 25, 2022 Direct F1, F4
transaction FTNT Common Stock Sale -$285K -1K -22.01% $284.78 3.54K May 25, 2022 Direct F1, F5
transaction FTNT Common Stock Sale -$229K -800 -22.58% $285.83 2.74K May 25, 2022 Direct F1, F6
transaction FTNT Common Stock Sale -$275K -957 -34.89% $287.17 1.79K May 25, 2022 Direct F1, F7
transaction FTNT Common Stock Sale -$144K -500 -28% $288.12 1.29K May 25, 2022 Direct F1, F8
transaction FTNT Common Stock Sale -$57.8K -200 -15.55% $289.18 1.09K May 25, 2022 Direct F1, F9
transaction FTNT Common Stock Sale -$58.9K -203 -18.69% $290.32 883 May 25, 2022 Direct F1, F10

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 -2.95K -24.99% $0.00 8.84K May 25, 2022 Common Stock 2.95K $84.49 Direct F1, F11
transaction FTNT Stock Option (right to buy) Options Exercise $0 -2.55K -12.5% $0.00 17.8K May 25, 2022 Common Stock 2.55K $114.48 Direct F1, F12
transaction FTNT Stock Option (right to buy) Options Exercise $0 -2.4K -8.34% $0.00 26.4K May 25, 2022 Common Stock 2.4K $171.93 Direct F1, F13
* 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 $280.95 and the highest price at which shares were sold was $281.73. 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 (10) to this Form 4.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $282.23 and the highest price at which shares were sold was $283.16.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $283.40 and the highest price at which shares were sold was $284.21.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $284.43 and the highest price at which shares were sold was $285.18.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $285.44 and the highest price at which shares were sold was $286.33.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $286.71 and the highest price at which shares were sold was $287.62.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $287.82 and the highest price at which shares were sold was $288.57.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $288.84 and the highest price at which shares were sold was $289.52.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $289.87 and the highest price at which shares were sold was $290.52.
F11 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.
F12 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.
F13 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.