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Filing Details

Accession Number:: 0001209191-24-001453
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-01-11 16:21:45
Reporting Period:: 2024-01-09

Accepted Time:: 2024-01-11 16:21:45
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2024-01-09	83,333	$7.45	51,747,824	No	4	M	Direct
Common Stock	Disposition	2024-01-09	23,165	$59.62	51,724,659	No	4	S	Direct
Common Stock	Disposition	2024-01-09	23,568	$60.60	51,701,091	No	4	S	Direct
Common Stock	Acquisiton	2024-01-10	83,334	$7.45	51,784,425	No	4	M	Direct
Common Stock	Disposition	2024-01-10	11,808	$59.53	51,772,617	No	4	S	Direct
Common Stock	Disposition	2024-01-10	16,244	$60.68	51,756,373	No	4	S	Direct
Common Stock	Acquisiton	2024-01-10	18,840	$61.40	51,737,533	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Nonqualified Stock Option (right to buy)	Disposition	2024-01-09	83,333	$0.00	83,333	$7.45
Common Stock	Nonqualified Stock Option (right to buy)	Disposition	2024-01-10	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
250,000		2024-02-16	No	4	M	Direct
166,666		2024-02-16	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	3,243,799	Indirect	By spouse
Common Stock	4,256,201	Indirect	By trust
Common Stock	4,256,201	Indirect	By trust

Footnotes

The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 8, 2023.
Represents the weighted average sale price. The lowest price at which shares were sold was $59.32 and the highest price at which shares were sold was $60.31. 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 (6) to this Form 4.
Represents the weighted average sale price. The lowest price at which shares were sold was $60.32 and the highest price at which shares were sold was $61.19.
Represents the weighted average sale price. The lowest price at which shares were sold was $59.16 and the highest price at which shares were sold was $60.13.
Represents the weighted average sale price. The lowest price at which shares were sold was $60.17 and the highest price at which shares were sold was $61.16.
Represents the weighted average sale price. The lowest price at which shares were sold was $61.17 and the highest price at which shares were sold was $61.59.
These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person ("GRAT 1"). On January 5, 2024, 3,243,799 shares of the Issuer's Common Stock were transferred from GRAT 1 to the Reporting Person.
These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse ("GRAT 2"). On January 5, 2024, 3,243,799 shares of the Issuer's Common Stock were transferred from GRAT 2 to the Reporting Person's spouse.
The options are fully vested.