Michael Xie - Feb 17, 2022 Form 4/A - Amendment Insider Report for Fortinet, Inc. (FTNT)

Role: VP, Engineering & CTO, Director
Signature: /s/ Robert Turner, by power of attorney
Stock symbol: FTNT
Transactions as of: Feb 17, 2022
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 3/6/2023, 05:36 PM
Date Of Original Report: Feb 18, 2022
Previous filing: Feb 3, 2022
Next filing: May 3, 2022
SEC: View on sec.gov

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	Award	$0	+6.5K		$0.00	6.5K	Feb 17, 2022	Common Stock	6.5K	$0.00	Direct	F1, F2, F3
transaction	FTNT	Employee Stock Option (right to buy)	Award	$0	+19.5K		$0.00	19.5K	Feb 17, 2022	Common Stock	19.5K	$310.54	Direct	F4

Showing 1 to 2 of 2 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2	25% of the RSUs will vest on February 1, 2023, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
F3	RSUs do not expire; they either vest or are canceled prior to the vesting date.
F4	1/4 of the shares subject to the option will vest on February 17, 2023, 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.

Remarks:

Form 4 filed on February 18, 2022 inadvertently reflected each of the reported transactions as a disposition of derivative securities in Column 5 of Table II. This amendment to Form 4 correctly reflects each of the reported transactions as an acquisition of derivative securities in Column 5 of Table II.