Michael Xie - Nov 20, 2023 Form 4 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: Nov 20, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/21/2023, 04:17 PM
Previous filing: Nov 17, 2023
Next filing: Dec 11, 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	$0	-300K	-0.99%	$0.00	29.9M	Nov 20, 2023	Direct
holding	FTNT	Common Stock						9.96M	Nov 20, 2023	See Footnote	F1
holding	FTNT	Common Stock						17M	Nov 20, 2023	See Footnote	F2

Showing 1 to 3 of 3 entries

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	Nonqualified Stock Option (right to buy)	Options Exercise	$0	-300K	-100%	$0.00^*	0	Nov 20, 2023	Common Stock	300K	$7.45	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Shares held directly by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.
F2	Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.
F3	The options are fully vested.