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

Role
VP, ENGINEERING & CTO, Director
Signature
/s/ Robert Turner, by power of attorney
Stock symbol
FTNT
Transactions as of
Feb 18, 2025
Transactions value $
$4,641,567
Form type
4
Date filed
2/19/2025, 06:00 PM
Previous filing
Feb 4, 2025
Next filing
Feb 25, 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 $4.64M +473K +4.36% $9.81 11.3M Feb 18, 2025 Direct
holding FTNT Common Stock 9.96M Feb 18, 2025 See footnote F1
holding FTNT Common Stock 17M Feb 18, 2025 See footnote F2
holding FTNT Common Stock 9.5M Feb 18, 2025 By trust F3
holding FTNT Common Stock 9.5M Feb 18, 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 -473K -100% $0.00 0 Feb 18, 2025 Common Stock 473K $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.