Michael Xie - 18 Feb 2025 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
VP, ENGINEERING & CTO, Director
Signature
/s/ Robert Turner, by power of attorney
Issuer symbol
FTNT
Transactions as of
18 Feb 2025
Net transactions value
+$4,641,567
Form type
4
Filing time
19 Feb 2025, 18:00:06 UTC
Previous filing
04 Feb 2025
Next filing
25 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 $4,641,567 +473,050 +4.4% $9.81 11,326,852 18 Feb 2025 Direct
holding FTNT Common Stock 9,958,430 18 Feb 2025 See footnote F1
holding FTNT Common Stock 17,041,070 18 Feb 2025 See footnote F2
holding FTNT Common Stock 9,500,000 18 Feb 2025 By trust F3
holding FTNT Common Stock 9,500,000 18 Feb 2025 By trust F4

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 Nonqualified Stock Option (right to buy) Options Exercise $0 -473,050 -100% $0.000000 0 18 Feb 2025 Common Stock 473,050 $9.81 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held directly by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.
F2 Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.
F3 These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.
F4 These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.
F5 The options are fully vested.