Michael Xie - May 22, 2025 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Signature
/s/ Robert Turner, by power of attorney
Stock symbol
FTNT
Transactions as of
May 22, 2025
Transactions value $
$0
Form type
4
Date filed
5/27/2025, 04:20 PM
Previous filing
May 5, 2025
Next filing
Aug 5, 2025

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 2025-05-27 0001475586

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTNT Common Stock Gift $0 -1.93M -20.28% $0.00 7.57M May 22, 2025 By Trust F1
transaction FTNT Common Stock Gift $0 +1.93M +12.06% $0.00 17.9M May 22, 2025 By trust F2
transaction FTNT Common Stock Gift $0 -1.93M -20.28% $0.00 7.57M May 22, 2025 By Trust F3
transaction FTNT Common Stock Gift $0 +1.93M +10.76% $0.00 19.8M May 22, 2025 By trust F2
holding FTNT Common Stock 10.2M May 22, 2025 Direct
holding FTNT Common Stock 5.51M May 22, 2025 By trust F4
holding FTNT Common Stock 5.51M May 22, 2025 By trust F5
* 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 These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.
F2 These securities are held by the 2010 K.A. Family Trust dated May 3, 2010, 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's spouse.
F4 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.
F5 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.