Christiane Ohlgart - May 1, 2025 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role: Chief Accounting Officer
Signature: /s/ Robert Turner, by power of attorney
Stock symbol: FTNT
Transactions as of: May 1, 2025
Transactions value $: -$256,773
Form type: 4
Date filed: 5/5/2025, 06:10 PM
Previous filing: Apr 21, 2025
Next filing: Jun 6, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Ohlgart Christiane	Chief Accounting Officer	C/O FORTINET, INC., 909 KIFER ROAD, SUNNYVALE	/s/ Robert Turner, by power of attorney	2025-05-05	0002016813

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTNT	Common Stock	Options Exercise	$0	+4.38K	+170.51%	$0.00	6.95K	May 1, 2025	Direct	F1
transaction	FTNT	Common Stock	Options Exercise	$0	+2.74K	+39.38%	$0.00	9.69K	May 1, 2025	Direct	F1
transaction	FTNT	Common Stock	Tax liability	-$257K	-2.46K	-25.43%	$104.21	7.23K	May 1, 2025	Direct	F2

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	Performance Stock Units	Options Exercise	$0	-4.38K	-100%	$0.00	0	May 1, 2025	Common Stock	4.38K	$0.00	Direct	F1, F3, F4, F5
transaction	FTNT	Restricted Stock Units	Options Exercise	$0	-2.74K	-24.99%	$0.00	8.22K	May 1, 2025	Common Stock	2.74K	$0.00	Direct	F1, F3, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Vesting of restricted stock units ("RSUs") or performance stock units ("PSUs") previously granted to the Reporting Person.
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.
F3	Each PSU and RSU represents a contingent right to receive one share of the Issuer's common stock.
F4	100% of the PSUs vest and settle on May 1, 2025, 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.
F5	PSUs and RSUs do not expire; they either vest or are canceled prior to the vesting date.
F6	25% of the RSUs will vest on May 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 settlement.