Michael Xie - 08 Sep 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
08 Sep 2025
Net transactions value
$0
Form type
4
Filing time
09 Sep 2025, 16:33:16 UTC
Previous filing
05 Aug 2025
Next filing
04 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Xie Michael VP, ENGINEERING & CTO, Director C/O FORTINET, INC., 909 KIFER ROAD, SUNNYVALE /s/ Robert Turner, by power of attorney 09 Sep 2025 0001475586

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Gift $0 -5,000 -0.05% $0.000000 9,725,560 08 Sep 2025 Direct F1, F2
transaction FTNT Common Stock Gift $0 -30,000 -0.31% $0.000000 9,695,560 08 Sep 2025 Direct F1, F3
holding FTNT Common Stock 19,825,614 08 Sep 2025 By trust F4
holding FTNT Common Stock 5,513,505 08 Sep 2025 By trust F5
holding FTNT Comon Stock 5,513,505 08 Sep 2025 By trust F6
holding FTNT Common Stock 7,573,438 08 Sep 2025 By trust F7
holding FTNT Common Stock 7,573,438 08 Sep 2025 By trust F8
* 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 reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2024.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $97.70 and the highest price at which shares were sold was $98.69.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $98.70 and the highest price at which shares were sold was $99.33.
F4 These securities are held by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.
F5 These securities are held by the KAXX Trust under the K.A. Children's Trust dated February 9, 2011, for which the Reporting Person and his spouse serve as trustees.
F6 These securities are held by the KAJJ Trust under the K.A. Children's Trust dated February 9, 2011, for which the Reporting Person and his spouse serve as trustees.
F7 These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.
F8 These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.