James G. Stavridis - Sep 30, 2022 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
Director
Signature
/s/ Robert Turner, by power of attorney
Stock symbol
FTNT
Transactions as of
Sep 30, 2022
Transactions value $
$0
Form type
4
Date filed
10/3/2022, 06:37 PM
Previous filing
Aug 18, 2022
Next filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Options Exercise $0 +1.03K +39.17% $0.00 3.67K Sep 30, 2022 Direct F1, F2

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 Restricted Stock Units Options Exercise $0 -1.03K -24.98% $0.00 3.1K Sep 30, 2022 Common Stock 1.03K $0.00 Direct F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 17, 2022.
F2 The Reporting Person's holdings have been adjusted to reflect the 5-for-1 stock split of the Issuer's common stock that occurred on June 22, 2022.
F3 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F4 The RSUs will vest in substantially equal increments on each of September 30, 2022, December 31, 2022, March 31, 2023, and the earlier of (i) June 30, 2023 and (ii) the date immediately preceding the Issuer's 2023 annual meeting of stockholders, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting.
F5 RSUs do not expire; they either vest or are canceled prior to vest date.