Kenneth A. Goldman - Dec 31, 2023 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
Director
Signature
/s/ Robert Turner, by power of attorney
Stock symbol
FTNT
Transactions as of
Dec 31, 2023
Transactions value $
$0
Form type
4
Date filed
1/2/2024, 04:24 PM
Previous filing
Oct 2, 2023
Next filing
Mar 8, 2024
SEC
View on sec.gov

Transactions Table

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 Restricted Stock Units Options Exercise $0 -827 -33.33% $0.00 1.65K Dec 31, 2023 Common Stock 827 $0.00 Direct F1, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 17, 2023.
F2 The Reporting Person is a trustee of the Trust and may be deemed to have voting and dispositive power with regard to the shares held by the Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Trust except to the extent of his pecuniary interest therein.
F3 GV Partners L.P. is a family limited partnership of which the Reporting Person is the managing member.
F4 Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
F5 The RSUs will vest in substantially equal increments on each of September 30, 2023, December 31, 2023, March 31, 2024, and the earlier of (i) June 30, 2024 and (ii) the date immediately preceding the Issuer's 2024 annual meeting of stockholders, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting.
F6 RSUs do not expire; they either vest or are canceled prior to vest date.

Remarks:

Table I of Form 4 filed October 2, 2023 inadvertently omitted the indirect holdings of the Issuer's Common Stock reflected in Table I of this Form 4.