John Whittle - Nov 11, 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
Nov 11, 2022
Transactions value $
-$156,981
Form type
4
Date filed
11/14/2022, 05:32 PM
Previous filing
Nov 3, 2022
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Options Exercise $14.9K +3.13K +24.27% $4.77 16K Nov 11, 2022 Direct F1
transaction FTNT Common Stock Sale -$172K -3.13K -19.53% $55.00 12.9K Nov 11, 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 -3.13K -100% $0.00* 0 Nov 11, 2022 Common Stock 3.13K $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.