Michael Xie - 20 Nov 2023 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
VP, Engineering & CTO, Director
Signature
/s/ Robert Turner, by power of attorney
Issuer symbol
FTNT
Transactions as of
20 Nov 2023
Net transactions value
$0
Form type
4
Filing time
21 Nov 2023, 16:17:15 UTC
Previous filing
17 Nov 2023
Next filing
11 Dec 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 -300,000 -0.99% $0.000000 29,932,903 20 Nov 2023 Direct
holding FTNT Common Stock 9,958,430 20 Nov 2023 See Footnote F1
holding FTNT Common Stock 17,041,070 20 Nov 2023 See Footnote 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 Nonqualified Stock Option (right to buy) Options Exercise $0 -300,000 -100% $0.000000* 0 20 Nov 2023 Common Stock 300,000 $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.