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[Form 4] Fortinet, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Fortinet (FTNT) filed a Form 4 showing that co-founder, VP Engineering & CTO Michael Xie completed several insider transactions. On 08/01/2025 three RSU tranches vested, converting 7,035 shares at a $0 exercise price. To satisfy tax obligations, 3,489 shares were surrendered to the company at $97.36.

Under a pre-arranged Rule 10b5-1 plan, Xie then sold 476,596 shares on 08/04/2025 at weighted-average prices of $97.39 鈥� $98.93, generating roughly $47 million in gross proceeds. Following the sales, his direct stake declined 4.7 % to 9,730,560 shares. Indirectly, family trusts continue to hold 45.999 million shares, keeping his total economic exposure above 55 million shares.

The sales were executed under an existing trading plan, reducing signaling risk, yet the size of the disposal may draw investor scrutiny given its magnitude relative to daily volume.

Fortinet (FTNT) ha presentato un Modulo 4 che mostra come il co-fondatore, VP Engineering e CTO Michael Xie abbia completato diverse operazioni insider. Il 01/08/2025 sono maturate tre tranche di RSU, convertendo 7.035 azioni a un prezzo di esercizio di $0. Per soddisfare gli obblighi fiscali, 3.489 azioni sono state restituite all'azienda a $97,36.

Secondo un piano predefinito Rule 10b5-1, Xie ha poi venduto 476.596 azioni il 04/08/2025 a prezzi medi ponderati compresi tra $97,39 e $98,93, generando circa 47 milioni di dollari di proventi lordi. Dopo le vendite, la sua partecipazione diretta 猫 diminuita del 4,7%, scendendo a 9.730.560 azioni. Indirettamente, i trust familiari continuano a detenere 45,999 milioni di azioni, mantenendo la sua esposizione economica totale sopra i 55 milioni di azioni.

Le vendite sono state eseguite nell'ambito di un piano di trading esistente, riducendo il rischio di segnalazioni, ma la dimensione della cessione potrebbe attirare l'attenzione degli investitori data la sua entit脿 rispetto al volume giornaliero.

Fortinet (FTNT) present贸 un Formulario 4 que muestra que el cofundador, VP de Ingenier铆a y CTO Michael Xie complet贸 varias transacciones internas. El 01/08/2025 vencieron tres tramos de RSU, convirtiendo 7,035 acciones con un precio de ejercicio de $0. Para cumplir con las obligaciones fiscales, se entregaron 3,489 acciones a la empresa a $97.36.

Bajo un plan preestablecido Rule 10b5-1, Xie vendi贸 luego 476,596 acciones el 04/08/2025 a precios promedio ponderados entre $97.39 y $98.93, generando aproximadamente $47 millones en ingresos brutos. Tras las ventas, su participaci贸n directa disminuy贸 un 4.7% a 9,730,560 acciones. Indirectamente, los fideicomisos familiares contin煤an poseyendo 45.999 millones de acciones, manteniendo su exposici贸n econ贸mica total por encima de 55 millones de acciones.

Las ventas se realizaron bajo un plan de negociaci贸n existente, reduciendo el riesgo de se帽ales, aunque el tama帽o de la disposici贸n podr铆a atraer el escrutinio de los inversores dada su magnitud en relaci贸n con el volumen diario.

Fortinet(FTNT)電� 瓿惦彊 彀诫鞛愳澊鞛� 鞐旍雼堨柎毵� 攵�靷灔 瓴� CTO鞚� Michael Xie臧� 鞐煬 雮措秬鞛� 瓯半灅毳� 鞕勲頄堨潓鞚� 氤挫棳欤茧姅 Form 4毳� 鞝滌稖頄堨姷雼堧嫟. 2025雲� 8鞗� 1鞚�鞐� 靹� 臧滌潣 RSU 韸鸽灉旃橁皜 毵岆霅橃柎 $0 頄夓偓臧�瓴╈溂搿� 7,035欤缄皜 鞝勴櫂霅橃棃鞀惦媹雼�. 靹戈笀 鞚橂毳� 於╈”頃橁赴 鞙勴暣 3,489欤缄皜 欤茧嫻 $97.36鞐� 須岇偓鞐� 氚橅櫂霅橃棃鞀惦媹雼�.

靷爠 靹れ爼霅� Rule 10b5-1 瓿勴殟鞐� 霐半澕 Xie電� 2025雲� 8鞗� 4鞚�鞐� 臧�欷� 韽夑窢 臧�瓴� $97.39鞐愳劀 $98.93 靷澊搿� 476,596欤茧ゼ 毵る弰頃橃棳 鞎� 4700毵� 雼煬鞚� 齑� 靾橃澋鞚� 彀届稖頄堨姷雼堧嫟. 毵る弰 頉� 攴胳潣 歆侅爲 歆�攵勳潃 4.7% 臧愳唽顷橃棳 9,730,560欤缄皜 霅橃棃鞀惦媹雼�. 臧勳爲鞝侅溂搿滊姅 臧�臁� 鞁犿儊鞚� 鞐爠頌� 4599.9毵�欤茧ゼ 氤挫湢頃橃棳 攴胳潣 齑� 瓴届牅鞝� 雲胳稖鞚� 5500毵�欤� 鞚挫儊鞚� 鞙犾頃橁碃 鞛堨姷雼堧嫟.

毵る弰電� 旮办〈 瓯半灅 瓿勴殟 頃橃棎 鞁ろ枆霅橃柎 鞁犿樃 鞙勴棙鞚� 欷勳榾鞙茧倶, 毵る弰 攴滊臧� 鞚检澕 瓯半灅霟夓棎 牍勴暣 旎れ劀 韴瀽鞛愲摛鞚� 欤茧鞚� 氚涭潉 靾� 鞛堨姷雼堧嫟.

Fortinet (FTNT) a d茅pos茅 un formulaire 4 montrant que le cofondateur, VP Engineering et CTO Michael Xie a r茅alis茅 plusieurs transactions d'initi茅. Le 01/08/2025, trois tranches de RSU ont 茅t茅 acquises, convertissant 7 035 actions 脿 un prix d'exercice de 0 $. Pour satisfaire aux obligations fiscales, 3 489 actions ont 茅t茅 remises 脿 la soci茅t茅 au prix de 97,36 $.

Dans le cadre d'un plan pr茅茅tabli Rule 10b5-1, Xie a ensuite vendu 476 596 actions le 04/08/2025 脿 des prix moyens pond茅r茅s allant de 97,39 $ 脿 98,93 $, g茅n茅rant environ 47 millions de dollars de produits bruts. Apr猫s ces ventes, sa participation directe a diminu茅 de 4,7 % pour atteindre 9 730 560 actions. Indirectement, des trusts familiaux d茅tiennent toujours 45,999 millions d'actions, maintenant ainsi son exposition 茅conomique totale au-dessus de 55 millions d'actions.

Les ventes ont 茅t茅 r茅alis茅es dans le cadre d'un plan de trading existant, r茅duisant ainsi le risque de signalement, mais l'ampleur de la cession pourrait attirer l'attention des investisseurs compte tenu de sa taille par rapport au volume quotidien.

Fortinet (FTNT) reichte ein Formular 4 ein, das zeigt, dass Mitbegr眉nder, VP Engineering & CTO Michael Xie mehrere Insider-Transaktionen abgeschlossen hat. Am 01.08.2025 wurden drei RSU-Tranchen f盲llig, wodurch 7.035 Aktien zu einem Aus眉bungspreis von 0 $ umgewandelt wurden. Zur Erf眉llung der Steuerverpflichtungen wurden 3.489 Aktien zum Preis von 97,36 $ an das Unternehmen zur眉ckgegeben.

Unter einem vorab vereinbarten Rule 10b5-1-Plan verkaufte Xie dann am 04.08.2025 476.596 Aktien zu gewichteten Durchschnittspreisen von 97,39 鈥� 98,93 $, wodurch rund 47 Millionen $ Bruttoerl枚s erzielt wurden. Nach den Verk盲ufen sank sein direkter Anteil um 4,7 % auf 9.730.560 Aktien. Indirekt halten Familientrusts weiterhin 45,999 Millionen Aktien, wodurch seine gesamte wirtschaftliche Beteiligung 眉ber 55 Millionen Aktien bleibt.

Die Verk盲ufe wurden im Rahmen eines bestehenden Handelsplans durchgef眉hrt, was das Signalisierungsrisiko mindert, doch die Gr枚脽e der Ver盲u脽erung k枚nnte aufgrund ihres Umfangs im Verh盲ltnis zum Tagesvolumen die Aufmerksamkeit der Investoren auf sich ziehen.

Positive
  • Insider retains >55 million shares, signaling continued long-term alignment with shareholders.
  • Sales executed under a Rule 10b5-1 plan, reducing information asymmetry and governance concerns.
Negative
  • Sale of 476,596 shares (~$47 M) may be viewed as a bearish signal on near-term price expectations.
  • Direct ownership dropped 4.7 %, the largest single-day reduction in recent filings.

Insights

TL;DR: Large planned sale (~$47 M) trims direct stake but insider still owns >55 M shares; neutral-to-slightly negative signal.

Xie鈥檚 disposal represents about 4.7 % of his direct holdings and less than 1 % of total shares outstanding, so dilution risk is minimal. Execution under a 10b5-1 plan limits informational content, yet the absolute dollar value is sizable and may weigh on sentiment near term. Continued >10 % ownership (direct+indirect) aligns interests with shareholders, mitigating bearish interpretation.

TL;DR: Compliant 10b5-1 sales, clear disclosures; governance risk low despite headline share reduction.

The filing satisfies Section 16 timing, details weighted-average prices, and explains tax-related share withholding. Presence of multiple family trusts underscores estate planning rather than strategic exit. No red flags in reporting cadence or footnote clarity. Overall impact on governance perception is neutral.

Fortinet (FTNT) ha presentato un Modulo 4 che mostra come il co-fondatore, VP Engineering e CTO Michael Xie abbia completato diverse operazioni insider. Il 01/08/2025 sono maturate tre tranche di RSU, convertendo 7.035 azioni a un prezzo di esercizio di $0. Per soddisfare gli obblighi fiscali, 3.489 azioni sono state restituite all'azienda a $97,36.

Secondo un piano predefinito Rule 10b5-1, Xie ha poi venduto 476.596 azioni il 04/08/2025 a prezzi medi ponderati compresi tra $97,39 e $98,93, generando circa 47 milioni di dollari di proventi lordi. Dopo le vendite, la sua partecipazione diretta 猫 diminuita del 4,7%, scendendo a 9.730.560 azioni. Indirettamente, i trust familiari continuano a detenere 45,999 milioni di azioni, mantenendo la sua esposizione economica totale sopra i 55 milioni di azioni.

Le vendite sono state eseguite nell'ambito di un piano di trading esistente, riducendo il rischio di segnalazioni, ma la dimensione della cessione potrebbe attirare l'attenzione degli investitori data la sua entit脿 rispetto al volume giornaliero.

Fortinet (FTNT) present贸 un Formulario 4 que muestra que el cofundador, VP de Ingenier铆a y CTO Michael Xie complet贸 varias transacciones internas. El 01/08/2025 vencieron tres tramos de RSU, convirtiendo 7,035 acciones con un precio de ejercicio de $0. Para cumplir con las obligaciones fiscales, se entregaron 3,489 acciones a la empresa a $97.36.

Bajo un plan preestablecido Rule 10b5-1, Xie vendi贸 luego 476,596 acciones el 04/08/2025 a precios promedio ponderados entre $97.39 y $98.93, generando aproximadamente $47 millones en ingresos brutos. Tras las ventas, su participaci贸n directa disminuy贸 un 4.7% a 9,730,560 acciones. Indirectamente, los fideicomisos familiares contin煤an poseyendo 45.999 millones de acciones, manteniendo su exposici贸n econ贸mica total por encima de 55 millones de acciones.

Las ventas se realizaron bajo un plan de negociaci贸n existente, reduciendo el riesgo de se帽ales, aunque el tama帽o de la disposici贸n podr铆a atraer el escrutinio de los inversores dada su magnitud en relaci贸n con el volumen diario.

Fortinet(FTNT)電� 瓿惦彊 彀诫鞛愳澊鞛� 鞐旍雼堨柎毵� 攵�靷灔 瓴� CTO鞚� Michael Xie臧� 鞐煬 雮措秬鞛� 瓯半灅毳� 鞕勲頄堨潓鞚� 氤挫棳欤茧姅 Form 4毳� 鞝滌稖頄堨姷雼堧嫟. 2025雲� 8鞗� 1鞚�鞐� 靹� 臧滌潣 RSU 韸鸽灉旃橁皜 毵岆霅橃柎 $0 頄夓偓臧�瓴╈溂搿� 7,035欤缄皜 鞝勴櫂霅橃棃鞀惦媹雼�. 靹戈笀 鞚橂毳� 於╈”頃橁赴 鞙勴暣 3,489欤缄皜 欤茧嫻 $97.36鞐� 須岇偓鞐� 氚橅櫂霅橃棃鞀惦媹雼�.

靷爠 靹れ爼霅� Rule 10b5-1 瓿勴殟鞐� 霐半澕 Xie電� 2025雲� 8鞗� 4鞚�鞐� 臧�欷� 韽夑窢 臧�瓴� $97.39鞐愳劀 $98.93 靷澊搿� 476,596欤茧ゼ 毵る弰頃橃棳 鞎� 4700毵� 雼煬鞚� 齑� 靾橃澋鞚� 彀届稖頄堨姷雼堧嫟. 毵る弰 頉� 攴胳潣 歆侅爲 歆�攵勳潃 4.7% 臧愳唽顷橃棳 9,730,560欤缄皜 霅橃棃鞀惦媹雼�. 臧勳爲鞝侅溂搿滊姅 臧�臁� 鞁犿儊鞚� 鞐爠頌� 4599.9毵�欤茧ゼ 氤挫湢頃橃棳 攴胳潣 齑� 瓴届牅鞝� 雲胳稖鞚� 5500毵�欤� 鞚挫儊鞚� 鞙犾頃橁碃 鞛堨姷雼堧嫟.

毵る弰電� 旮办〈 瓯半灅 瓿勴殟 頃橃棎 鞁ろ枆霅橃柎 鞁犿樃 鞙勴棙鞚� 欷勳榾鞙茧倶, 毵る弰 攴滊臧� 鞚检澕 瓯半灅霟夓棎 牍勴暣 旎れ劀 韴瀽鞛愲摛鞚� 欤茧鞚� 氚涭潉 靾� 鞛堨姷雼堧嫟.

Fortinet (FTNT) a d茅pos茅 un formulaire 4 montrant que le cofondateur, VP Engineering et CTO Michael Xie a r茅alis茅 plusieurs transactions d'initi茅. Le 01/08/2025, trois tranches de RSU ont 茅t茅 acquises, convertissant 7 035 actions 脿 un prix d'exercice de 0 $. Pour satisfaire aux obligations fiscales, 3 489 actions ont 茅t茅 remises 脿 la soci茅t茅 au prix de 97,36 $.

Dans le cadre d'un plan pr茅茅tabli Rule 10b5-1, Xie a ensuite vendu 476 596 actions le 04/08/2025 脿 des prix moyens pond茅r茅s allant de 97,39 $ 脿 98,93 $, g茅n茅rant environ 47 millions de dollars de produits bruts. Apr猫s ces ventes, sa participation directe a diminu茅 de 4,7 % pour atteindre 9 730 560 actions. Indirectement, des trusts familiaux d茅tiennent toujours 45,999 millions d'actions, maintenant ainsi son exposition 茅conomique totale au-dessus de 55 millions d'actions.

Les ventes ont 茅t茅 r茅alis茅es dans le cadre d'un plan de trading existant, r茅duisant ainsi le risque de signalement, mais l'ampleur de la cession pourrait attirer l'attention des investisseurs compte tenu de sa taille par rapport au volume quotidien.

Fortinet (FTNT) reichte ein Formular 4 ein, das zeigt, dass Mitbegr眉nder, VP Engineering & CTO Michael Xie mehrere Insider-Transaktionen abgeschlossen hat. Am 01.08.2025 wurden drei RSU-Tranchen f盲llig, wodurch 7.035 Aktien zu einem Aus眉bungspreis von 0 $ umgewandelt wurden. Zur Erf眉llung der Steuerverpflichtungen wurden 3.489 Aktien zum Preis von 97,36 $ an das Unternehmen zur眉ckgegeben.

Unter einem vorab vereinbarten Rule 10b5-1-Plan verkaufte Xie dann am 04.08.2025 476.596 Aktien zu gewichteten Durchschnittspreisen von 97,39 鈥� 98,93 $, wodurch rund 47 Millionen $ Bruttoerl枚s erzielt wurden. Nach den Verk盲ufen sank sein direkter Anteil um 4,7 % auf 9.730.560 Aktien. Indirekt halten Familientrusts weiterhin 45,999 Millionen Aktien, wodurch seine gesamte wirtschaftliche Beteiligung 眉ber 55 Millionen Aktien bleibt.

Die Verk盲ufe wurden im Rahmen eines bestehenden Handelsplans durchgef眉hrt, was das Signalisierungsrisiko mindert, doch die Gr枚脽e der Ver盲u脽erung k枚nnte aufgrund ihres Umfangs im Verh盲ltnis zum Tagesvolumen die Aufmerksamkeit der Investoren auf sich ziehen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Xie Michael
(Last) (First) (Middle)
C/O FORTINET, INC.
909 KIFER ROAD
(Street)
SUNNYVALE CA 94086
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Fortinet, Inc. [ FTNT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
VP, ENGINEERING & CTO
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/01/2025 M(1) 2,030 A $0 10,205,640 D
Common Stock 08/01/2025 M(1) 2,763 A $0 10,208,403 D
Common Stock 08/01/2025 M(1) 2,242 A $0 10,210,645 D
Common Stock 08/01/2025 F(2) 3,489 D $97.36 10,207,156 D
Common Stock 08/04/2025 S(3) 14,100 D $97.3912(4) 10,193,056 D
Common Stock 08/04/2025 S(3) 387,223 D $98.4349(5) 9,805,833 D
Common Stock 08/04/2025 S(3) 75,273 D $98.9275(6) 9,730,560 D
Common Stock 19,825,614 I By trust(7)
Common Stock 5,513,505 I By trust(8)
Comon Stock 5,513,505 I By trust(9)
Common Stock 7,573,438 I By trust(10)
Common Stock 7,573,438 I By trust(11)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0(12) 08/01/2025 M(1) 2,030 (13) (14) Common Stock 2,030 $0 4,060 D
Restricted Stock Units $0(12) 08/01/2025 M(1) 2,763 (15) (14) Common Stock 2,763 $0 16,581 D
Restricted Stock Units $0(12) 08/01/2025 M(1) 2,242 (16) (14) Common Stock 2,242 $0 22,423 D
Explanation of Responses:
1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
2. 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.
3. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2024.
4. Represents the weighted average sale price. The lowest price at which shares were sold was $96.69 and the highest price at which shares were sold was $97.64. 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 (4), (5) and (6) to this Form 4.
5. Represents the weighted average sale price. The lowest price at which shares were sold was $97.70 and the highest price at which shares were sold was $98.69.
6. Represents the weighted average sale price. The lowest price at which shares were sold was $98.70 and the highest price at which shares were sold was $99.33.
7. These securities are held by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.
8. 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.
9. 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.
10. These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.
11. These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.
12. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
13. 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.
14. RSUs do not expire; they either vest or are canceled prior to the vesting date.
15. 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.
16. 25% of the RSUs will vest 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 settlement.
/s/ Robert Turner, by power of attorney 08/05/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

How many Fortinet (FTNT) shares did Michael Xie sell on 08/04/2025?

He sold 476,596 shares in three tranches under a 10b5-1 plan.

What prices did the FTNT shares sell for?

Weighted-average prices ranged from $97.39 to $98.93 per share.

How many FTNT shares does Xie own after the transactions?

Directly 9,730,560 shares; indirectly via trusts 45.999 million shares.

Were any shares sold to cover taxes?

Yes, 3,489 shares were withheld at $97.36 to satisfy tax obligations from RSU vesting.

Did the transactions occur under a Rule 10b5-1 trading plan?

Yes. The plan was adopted on December 10, 2024.

What is the vesting schedule for the reported RSUs?

Each grant vests 25 % on a specified date, with the remaining 75 % vesting quarterly until fully vested.
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Fortinet

NASDAQ:FTNT

FTNT Rankings

#251 Ranked by Market Cap
N/A Ranked by Dividends

FTNT Latest News

Aug 26, 2025
Fortinet Named Title Partner of the Founders Cup
Aug 20, 2025
Fortinet Connects Tepper Sports & Entertainment Teams with Unified SASE Solution
Aug 15, 2025
Fortinet to Participate in Fireside Chat Hosted by Goldman Sachs
Aug 12, 2025
Fortinet Enhances FortiRecon to Align with Continuous Threat Exposure Management (CTEM) Framework to Help Organizations Stay Ahead of Threats
Aug 6, 2025
Fortinet Reports Second Quarter 2025 Financial Results

FTNT Latest SEC Filings

Aug 22, 2025
[Form 4] Fortinet, Inc. Insider Trading Activity
Aug 21, 2025
[Form 4] Fortinet, Inc. Insider Trading Activity
Aug 21, 2025
[Form 4] Fortinet, Inc. Insider Trading Activity
Aug 21, 2025
[Form 4] Fortinet, Inc. Insider Trading Activity
Aug 21, 2025
[Form 4] Fortinet, Inc. Insider Trading Activity

FTNT Stock Data

59.49B
636.99M
16.87%
72.3%
2.29%
Software - Infrastructure
Computer Peripheral Equipment, Nec
United States
SUNNYVALE