Fortinet, Inc. — Director's Dealing 2020

May 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortinet, Inc. (FTNT)
CIK: 0001262039
Period of Report: 2020-05-26

Reporting Person: Xie Michael (Director, VP, Engineering & CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-26	Common Stock	S	7309	$137.4952	Disposed	6158691	Direct
2020-05-26	Common Stock	S	5605	$138.7364	Disposed	6153086	Direct
2020-05-26	Common Stock	S	4717	$139.825	Disposed	6148369	Direct
2020-05-26	Common Stock	S	2507	$140.8202	Disposed	6145862	Direct
2020-05-26	Common Stock	S	3236	$141.7087	Disposed	6142626	Direct
2020-05-26	Common Stock	S	3523	$142.9174	Disposed	6139103	Direct
2020-05-26	Common Stock	S	2303	$144.1059	Disposed	6136800	Direct
2020-05-26	Common Stock	S	800	$145.1363	Disposed	6136000	Direct
2020-05-26	Common Stock	S	9845	$138.6908	Disposed	3588369	Indirect
2020-05-26	Common Stock	S	7499	$139.7598	Disposed	3580870	Indirect
2020-05-26	Common Stock	S	3277	$140.6692	Disposed	3577593	Indirect
2020-05-26	Common Stock	S	3868	$141.649	Disposed	3573725	Indirect
2020-05-26	Common Stock	S	3071	$142.8123	Disposed	3570654	Indirect
2020-05-26	Common Stock	S	1458	$143.8709	Disposed	3569196	Indirect
2020-05-26	Common Stock	S	982	$144.6744	Disposed	3568214	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1991686	Indirect

Footnotes

F1: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.

F2: Represents the weighted average sale price. The lowest price at which shares were sold was $137.19 and the highest price at which shares were sold was $138.09. The reporting person undertakes to provide upon request to the staff of the Securities 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 (10) and (12) through (17) to this Form 4.

F3: Represents the weighted average sale price. The lowest price at which shares were sold was $138.24 and the highest price at which shares were sold was $139.18.

F4: Represents the weighted average sale price. The lowest price at which shares were sold was $139.34 and the highest price at which shares were sold was $140.22.

F5: Represents the weighted average sale price. The lowest price at which shares were sold was $140.36 and the highest price at which shares were sold was $141.33.

F6: Represents the weighted average sale price. The lowest price at which shares were sold was $141.42 and the highest price at which shares were sold was $142.28.

F7: Represents the weighted average sale price. The lowest price at which shares were sold was $142.57 and the highest price at which shares were sold was $143.49.

F8: Represents the weighted average sale price. The lowest price at which shares were sold was $143.62 and the highest price at which shares were sold was $144.60.

F9: Represents the weighted average sale price. The lowest price at which shares were sold was $144.85 and the highest price at which shares were sold was $145.32.

F10: Represents the weighted average sale price. The lowest price at which shares were sold was $138.00 and the highest price at which shares were sold was $138.95.

F11: Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.

F12: Represents the weighted average sale price. The lowest price at which shares were sold was $139.14 and the highest price at which shares were sold was $140.13.

F13: Represents the weighted average sale price. The lowest price at which shares were sold was $140.15 and the highest price at which shares were sold was $141.10.

F14: Represents the weighted average sale price. The lowest price at which shares were sold was $141.20 and the highest price at which shares were sold was $142.10.

F15: Represents the weighted average sale price. The lowest price at which shares were sold was $142.28 and the highest price at which shares were sold was $143.22.

F16: Represents the weighted average sale price. The lowest price at which shares were sold was $143.295 and the highest price at which shares were sold was $144.26.

F17: Represents the weighted average sale price. The lowest price at which shares were sold was $144.305 and the highest price at which shares were sold was $145.21.

F18: Shares held directly by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.