John Whittle - 11 Nov 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: 11 Nov 2022
Net transactions value: -$156,981
Form type: 4
Filing time: 14 Nov 2022, 17:32:43 UTC
Previous filing: 03 Nov 2022
Next filing: 02 Feb 2023
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	$14,894	+3,125	+24%	$4.77	16,001	11 Nov 2022	Direct	F1
transaction	FTNT	Common Stock	Sale	$171,875	-3,125	-20%	$55.00	12,876	11 Nov 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	-3,125	-100%	$0.000000^*	0	11 Nov 2022	Common Stock	3,125	$4.77	Direct	F1, F2

* 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 11, 2017 and 1/48 of the shares subject to the option vested monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.