Keith Jensen - 25 May 2022 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
CFO & Chief Accounting Officer
Signature
/s/ Robert Turner, by power of attorney
Issuer symbol
FTNT
Transactions as of
25 May 2022
Transactions value $
-$1,288,580
Form type
4
Filing time
26 May 2022, 16:33:16 UTC
Previous filing
18 May 2022
Next filing
03 Aug 2022
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 $248,823 +2,945 +3.34% $84.49 3,828 25 May 2022 Direct F1
transaction FTNT Common Stock Options Exercise $291,466 +2,546 +66.51% $114.48 6,374 25 May 2022 Direct F1
transaction FTNT Common Stock Options Exercise $412,116 +2,397 +37.61% $171.93 8,771 25 May 2022 Direct F1
transaction FTNT Common Stock Sale -$729,748 -2,597 -29.61% $281 6,174 25 May 2022 Direct F1, F2
transaction FTNT Common Stock Sale -$226,162 -800 -12.96% $282.7 5,374 25 May 2022 Direct F1, F3
transaction FTNT Common Stock Sale -$235,971 -831 -15.46% $283.96 4,543 25 May 2022 Direct F1, F4
transaction FTNT Common Stock Sale -$284,784 -1,000 -22.01% $284.78 3,543 25 May 2022 Direct F1, F5
transaction FTNT Common Stock Sale -$228,667 -800 -22.58% $285.83 2,743 25 May 2022 Direct F1, F6
transaction FTNT Common Stock Sale -$274,824 -957 -34.89% $287.17 1,786 25 May 2022 Direct F1, F7
transaction FTNT Common Stock Sale -$144,058 -500 -28% $288.12 1,286 25 May 2022 Direct F1, F8
transaction FTNT Common Stock Sale -$57,836 -200 -15.55% $289.18 1,086 25 May 2022 Direct F1, F9
transaction FTNT Common Stock Sale -$58,934 -203 -18.69% $290.32 883 25 May 2022 Direct F1, F10

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 Stock Option (right to buy) Options Exercise $0 -2,945 -24.99% $0 8,839 25 May 2022 Common Stock 2,945 $84.49 Direct F1, F11
transaction FTNT Stock Option (right to buy) Options Exercise $0 -2,546 -12.5% $0 17,824 25 May 2022 Common Stock 2,546 $114.48 Direct F1, F12
transaction FTNT Stock Option (right to buy) Options Exercise $0 -2,397 -8.34% $0 26,361 25 May 2022 Common Stock 2,397 $171.93 Direct F1, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $280.95 and the highest price at which shares were sold was $281.73. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (2) through (10) to this Form 4.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $282.23 and the highest price at which shares were sold was $283.16.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $283.40 and the highest price at which shares were sold was $284.21.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $284.43 and the highest price at which shares were sold was $285.18.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $285.44 and the highest price at which shares were sold was $286.33.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $286.71 and the highest price at which shares were sold was $287.62.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $287.82 and the highest price at which shares were sold was $288.57.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $288.84 and the highest price at which shares were sold was $289.52.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $289.87 and the highest price at which shares were sold was $290.52.
F11 1/4 of the shares subject to the option vested on February 21, 2020 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F12 1/4 of the shares subject to the option will vest on February 21, 2021 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F13 1/4 of the shares subject to the option will vest on February 19, 2022, and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.