| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FTNT | Common Stock | Options Exercise | $0 | +4.55K | +0.04% | $0.00 | 10.9M | May 1, 2024 | Direct | F1 |
| transaction | FTNT | Common Stock | Options Exercise | $0 | +2.03K | +0.02% | $0.00 | 10.9M | May 1, 2024 | Direct | F1 |
| transaction | FTNT | Common Stock | Options Exercise | $0 | +2.76K | +0.03% | $0.00 | 10.9M | May 1, 2024 | Direct | F1 |
| transaction | FTNT | Common Stock | Tax liability | -$294K | -4.63K | -0.04% | $63.53 | 10.9M | May 1, 2024 | Direct | F2 |
| transaction | FTNT | Common Stock | Sale | -$322K | -5.07K | -0.05% | $63.43 | 10.9M | May 2, 2024 | Direct | F3, F4 |
| transaction | FTNT | Common Stock | Sale | -$1.1M | -17K | -0.16% | $64.68 | 10.9M | May 2, 2024 | Direct | F3, F5 |
| transaction | FTNT | Common Stock | Sale | -$174K | -2.68K | -0.02% | $65.19 | 10.9M | May 2, 2024 | Direct | F3, F6 |
| holding | FTNT | Common Stock | 9.96M | May 1, 2024 | See footnote | F7 | |||||
| holding | FTNT | Common Stock | 17M | May 1, 2024 | See footnote | F8 | |||||
| holding | FTNT | Common Stock | 9.5M | May 1, 2024 | By trust | F9 | |||||
| holding | FTNT | Common Stock | 9.5M | May 1, 2024 | By trust | F10 |
| 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 | -4.55K | -24.98% | $0.00 | 13.7K | May 1, 2024 | Common Stock | 4.55K | $0.00 | Direct | F1, F11, F12, F13 |
| transaction | FTNT | Restricted Stock Units | Options Exercise | $0 | -2.03K | -12.5% | $0.00 | 14.2K | May 1, 2024 | Common Stock | 2.03K | $0.00 | Direct | F1, F11, F13, F14 |
| transaction | FTNT | Restricted Stock Units | Options Exercise | $0 | -2.76K | -8.33% | $0.00 | 30.4K | May 1, 2024 | Common Stock | 2.76K | $0.00 | Direct | F1, F11, F13, F15 |
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 | Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. |
| F2 | Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units. |
| F3 | The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 8, 2023. |
| F4 | Represents the weighted average sale price. The lowest price at which shares were sold was $63.07 and the highest price at which shares were sold was $64.04. 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 (4) through (6) to this Form 4. |
| F5 | Represents the weighted average sale price. The lowest price at which shares were sold was $64.10 and the highest price at which shares were sold was $65.09. |
| F6 | Represents the weighted average sale price. The lowest price at which shares were sold was $65.12 and the highest price at which shares were sold was $65.24. |
| F7 | Shares held directly by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee. |
| F8 | Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee. |
| F9 | These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person. |
| F10 | These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse. |
| F11 | Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. |
| F12 | 25% of the RSUs vested on February 1, 2022, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement. |
| F13 | RSUs do not expire; they either vest or are canceled prior to the vesting date. |
| F14 | 25% of the RSUs vested on February 1, 2023, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement. |
| F15 | 25% of the RSUs vested on February 1, 2024, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement. |