Kenneth A. Goldman - 31 Dec 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
31 Dec 2024
Net transactions value
$0
Form type
4
Filing time
02 Jan 2025, 16:46:52 UTC
Previous filing
02 Oct 2024
Next filing
14 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Options Exercise $0 +1,130 +5.5% $0.000000 21,612 31 Dec 2024 Direct F1
holding FTNT Common Stock 20,750 31 Dec 2024 By Goldman-Valeriote Family Trust u/a/d 11/15/95 F2
holding FTNT Common Stock 1,000 31 Dec 2024 By GV Partners L.P. F3

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 -1,130 -33% $0.000000 2,260 31 Dec 2024 Common Stock 1,130 $0.000000 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 20, 2024.
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, 2024, December 31, 2024, March 31, 2025, and the earlier of (i) June 30, 2025 and (ii) the date immediately preceding the Issuer's 2025 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