Key facts
- This page summarizes Michael Xie's Form 4 filing for Fortinet, Inc. (FTNT).
- 16 reported transactions and 6 derivative rows are listed below.
- Accepted by SEC: 03 Feb 2026, 20:06.
Michael Xie - 01 Feb 2026 Form 4 Insider Report for Fortinet, Inc. (FTNT)
- Reporting relationship
- VP, ENGINEERING & CTO, Director
- Issuer ticker
- FTNT
- Reported as of
- 01 Feb 2026
- Net transaction value
- -$23,997,473
- SEC form
- 4
- Accepted by SEC
- 03 Feb 2026, 20:06:01 UTC
- Prior SEC filing
- 20 Jan 2026
- Next SEC filing
- 23 Feb 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Robert Turner, by power of attorney
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael Xie filed Form 4 for Fortinet, Inc. (FTNT) on 03 Feb 2026.
Change
- Previous filing in this sequence was filed on 20 Jan 2026.
- Current net transaction value: -$23,997,473.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001475586
Primary reporting owner
Xie Michael
- Relationship
- VP, ENGINEERING & CTO, Director
- Address
- C/O FORTINET, INC., 909 KIFER ROAD, SUNNYVALE
- Signature
- /s/ Robert Turner, by power of attorney
- Signature date
- 03 Feb 2026
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FTNT
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +2,030
- Change %
- +0.02%
- Price
- $0.000000
- Shares after
- 10,209,048
- Date
- 01 Feb 2026
- Ownership
- Direct
- Footnotes
- F1
FTNT
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +2,764
- Change %
- +0.03%
- Price
- $0.000000
- Shares after
- 10,211,812
- Date
- 01 Feb 2026
- Ownership
- Direct
- Footnotes
- F1
FTNT
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +2,243
- Change %
- +0.02%
- Price
- $0.000000
- Shares after
- 10,214,055
- Date
- 01 Feb 2026
- Ownership
- Direct
- Footnotes
- F1
FTNT
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +5,200
- Change %
- +0.05%
- Price
- $0.000000
- Shares after
- 10,219,255
- Date
- 01 Feb 2026
- Ownership
- Direct
- Footnotes
- F1
FTNT
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +28,823
- Change %
- +0.28%
- Price
- $0.000000
- Shares after
- 10,248,078
- Date
- 01 Feb 2026
- Ownership
- Direct
- Footnotes
- F1
FTNT
transaction
Common Stock
Tax liability
- Transaction value
- $1,541,908
- Shares
- -18,975
- Change %
- -0.19%
- Price
- $81.26
- Shares after
- 10,229,103
- Date
- 01 Feb 2026
- Ownership
- Direct
- Footnotes
- F2
FTNT
transaction
Common Stock
Options Exercise
- Transaction value
- $5,479,768
- Shares
- +324,285
- Change %
- +3.2%
- Price
- $16.90
- Shares after
- 10,553,388
- Date
- 02 Feb 2026
- Ownership
- Direct
FTNT
transaction
Common Stock
Sale
- Transaction value
- $10,480,769
- Shares
- -129,378
- Change %
- -1.2%
- Price
- $81.01
- Shares after
- 10,424,010
- Date
- 02 Feb 2026
- Ownership
- Direct
- Footnotes
- F3, F4
FTNT
transaction
Common Stock
Sale
- Transaction value
- $16,677,317
- Shares
- -204,282
- Change %
- -2%
- Price
- $81.64
- Shares after
- 10,219,728
- Date
- 02 Feb 2026
- Ownership
- Direct
- Footnotes
- F3, F5
FTNT
transaction
Common Stock
Sale
- Transaction value
- $777,246
- Shares
- -9,446
- Change %
- -0.09%
- Price
- $82.28
- Shares after
- 10,210,282
- Date
- 02 Feb 2026
- Ownership
- Direct
- Footnotes
- F3, F6
FTNT
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 19,825,614
- Date
- 01 Feb 2026
- Ownership
- By trust
- Footnotes
- F7
FTNT
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 5,513,505
- Date
- 01 Feb 2026
- Ownership
- See footnote
- Footnotes
- F8
FTNT
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 5,513,505
- Date
- 01 Feb 2026
- Ownership
- See footnote
- Footnotes
- F9
FTNT
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 7,573,438
- Date
- 01 Feb 2026
- Ownership
- By trust
- Footnotes
- F10
FTNT
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 7,573,438
- Date
- 01 Feb 2026
- Ownership
- By trust
- Footnotes
- F11
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
FTNT
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -2,030
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 01 Feb 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,030
- Exercise price
- $0.000000
- Footnotes
- F1, F12, F13, F14
FTNT
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -2,764
- Change %
- -20%
- Price
- $0.000000
- Shares after
- 11,054
- Date
- 01 Feb 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,764
- Exercise price
- $0.000000
- Footnotes
- F1, F12, F14, F15
FTNT
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -2,243
- Change %
- -11%
- Price
- $0.000000
- Shares after
- 17,938
- Date
- 01 Feb 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,243
- Exercise price
- $0.000000
- Footnotes
- F1, F12, F14, F16
FTNT
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -5,200
- Change %
- -25%
- Price
- $0.000000
- Shares after
- 15,602
- Date
- 01 Feb 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 5,200
- Exercise price
- $0.000000
- Footnotes
- F1, F12, F14, F17
FTNT
transaction
Derivative
Performance Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -28,823
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 01 Feb 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 28,823
- Exercise price
- $0.000000
- Footnotes
- F1, F12, F14, F18
FTNT
transaction
Derivative
Nonqualified Stock Option (right to buy)
Options Exercise
- Transaction value
- $0
- Shares
- -324,285
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 02 Feb 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 324,285
- Exercise price
- $16.90
- Footnotes
- F19
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 19 footnotes
Footnote F1
Vesting of restricted stock units ("RSUs") or performance stock units ("PSUs") previously granted to the Reporting Person.
Footnote 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.
Footnote F3
The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2024.
Footnote F4
Represents the weighted average sale price. The lowest price at which shares were sold was $80.25 and the highest price at which shares were sold was $81.245.
Footnote F5
Represents the weighted average sale price. The lowest price at which shares were sold was $81.25 and the highest price at which shares were sold was $82.24.
Footnote F6
Represents the weighted average sale price. The lowest price at which shares were sold was $82.25 and the highest price at which shares were sold was $82.36.
Footnote F7
These securities are held by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.
Footnote F8
Shares held directly by the KAXX Trust under The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.
Footnote F9
Shares held directly by the KAJJ Trust under The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.
Footnote F10
These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.
Footnote F11
These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.
Footnote F12
Each RSU and PSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
Footnote F13
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.
Footnote F14
RSUs and PSUs do not expire; they either vest or are canceled prior to the vesting date.
Footnote 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.
Footnote F16
25% of the RSUs vested on February 1, 2025, 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 vesting.
Footnote F17
25% of the RSUs vested on February 1, 2026, 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.
Footnote F18
100% of the PSUs vest and settle on February 1, 2026, subject to the Reporting Person's provision of service to the Issuer on such date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
Footnote F19
The options are fully vested.