Filing Details

Accession Number:
0001209191-23-058618
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-12-14 16:14:29
Reporting Period:
2023-12-12
Accepted Time:
2023-12-14 16:14:29
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1262039 Fortinet Inc. FTNT Computer Peripheral Equipment, Nec (3577) 770560389
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1475587 Ken Xie C/O Fortinet, Inc.
909 Kifer Road
Sunnyvale CA 94086
President & Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2023-12-12 83,333 $7.45 48,432,116 No 4 M Direct
Common Stock Disposition 2023-12-12 5,851 $53.88 48,426,265 No 4 S Direct
Common Stock Disposition 2023-12-12 36,331 $55.01 48,389,934 No 4 S Direct
Common Stock Disposition 2023-12-12 5,270 $55.52 48,384,664 No 4 S Direct
Common Stock Acquisiton 2023-12-13 83,334 $7.45 48,467,998 No 4 M Direct
Common Stock Disposition 2023-12-13 47,306 $55.22 48,420,692 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Nonqualified Stock Option (right to buy) Disposition 2023-12-12 83,333 $0.00 83,333 $7.45
Common Stock Nonqualified Stock Option (right to buy) Disposition 2023-12-13 83,334 $0.00 83,334 $7.45
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
416,667 2024-02-16 No 4 M Direct
333,333 2024-02-16 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 7,500,000 Indirect By trust
Common Stock 7,500,000 Indirect By trust
Footnotes
  1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 8, 2023.
  2. Represents the weighted average sale price. The lowest price at which shares were sold was $53.42 and the highest price at which shares were sold was $54.39. 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 (5) to this Form 4.
  3. Represents the weighted average sale price. The lowest price at which shares were sold was $54.43 and the highest price at which shares were sold was $55.42.
  4. Represents the weighted average sale price. The lowest price at which shares were sold was $55.43 and the highest price at which shares were sold was $55.62.
  5. Represents the weighted average sale price. The lowest price at which shares were sold was $54.68 and the highest price at which shares were sold was $55.51.
  6. These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.
  7. These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.
  8. The options are fully vested.