William H. Neukom - 06 Sep 2024 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
Director
Signature
/s/ Robert Turner, by power of attorney
Issuer symbol
FTNT
Transactions as of
06 Sep 2024
Net transactions value
+$34,967
Form type
4
Filing time
09 Sep 2024, 16:14:09 UTC
Previous filing
22 Aug 2024
Next filing
02 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Purchase $34,967 +459 +0.31% $76.18 148,761 06 Sep 2024 Direct F1
holding FTNT Common Stock 148,303 06 Sep 2024 By Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 9, 2023.
F2 These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person and were transferred to such trust on August 21,2024.