Patrice Perche - 21 Nov 2023 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
Chief Revenue Off./EVP Supp.
Signature
/s/ Robert Turner, by power of attorney
Issuer symbol
FTNT
Transactions as of
21 Nov 2023
Net transactions value
-$174,678
Form type
4
Filing time
22 Nov 2023, 16:19:56 UTC
Previous filing
03 Nov 2023
Next filing
22 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 $87,134 +3,805 +15% $22.90 29,535 21 Nov 2023 Direct
transaction FTNT Common Stock Options Exercise $128,275 +3,730 +13% $34.39 33,265 21 Nov 2023 Direct
transaction FTNT Common Stock Sale $390,087 -7,535 -23% $51.77 25,730 21 Nov 2023 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 -3,805 -25% $0.000000 11,425 21 Nov 2023 Common Stock 3,805 $22.90 Direct F2
transaction FTNT Stock Option (right to buy) Options Exercise $0 -3,730 -6.3% $0.000000 55,885 21 Nov 2023 Common Stock 3,730 $34.39 Direct F3
* 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 adopted by the Reporting Person on June 6, 2022 and modified on December 6, 2022.
F2 1/4 of the shares subject to the option vested on February 21, 2021 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.
F3 1/4 of the shares subject to the option vested on February 19, 2022, 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.