| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FTNT | Common Stock | Sale | -$1.18M | -23.1K | -0.08% | $51.19 | 29.9M | Dec 8, 2023 | Direct | F1, F2 |
| transaction | FTNT | Common Stock | Sale | -$147K | -2.83K | -0.01% | $52.13 | 29.9M | Dec 8, 2023 | Direct | F1, F3 |
| holding | FTNT | Common Stock | 9.96M | Dec 8, 2023 | See Footnote | F4 | |||||
| holding | FTNT | Common Stock | 17M | Dec 8, 2023 | See Footnote | F5 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 8, 2023. |
| F2 | Represents the weighted average sale price. The lowest price at which shares were sold was $50.98 and the highest price at which shares were sold was $51.96. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4. |
| F3 | Represents the weighted average sale price. The lowest price at which shares were sold was $51.99 and the highest price at which shares were sold was $52.30. |
| F4 | Shares held directly by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee. |
| F5 | Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee. |