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

Role
Chief Revenue Off./EVP Supp.
Signature
/s/ Robert Turner, by power of attorney
Stock symbol
FTNT
Transactions as of
Nov 21, 2023
Transactions value $
-$174,678
Form type
4
Date filed
11/22/2023, 04:19 PM
Previous filing
Nov 3, 2023
Next filing
Dec 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Options Exercise $87.1K +3.81K +14.79% $22.90 29.5K Nov 21, 2023 Direct
transaction FTNT Common Stock Options Exercise $128K +3.73K +12.63% $34.39 33.3K Nov 21, 2023 Direct
transaction FTNT Common Stock Sale -$390K -7.54K -22.65% $51.77 25.7K Nov 21, 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 -3.81K -24.98% $0.00 11.4K Nov 21, 2023 Common Stock 3.81K $22.90 Direct F2
transaction FTNT Stock Option (right to buy) Options Exercise $0 -3.73K -6.26% $0.00 55.9K Nov 21, 2023 Common Stock 3.73K $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.