Fortinet, Inc. — Director's Dealing 2021

Nov 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortinet, Inc. (FTNT)
CIK: 0001262039
Period of Report: 2021-11-24

Reporting Person: Jensen Keith (CFO & Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-24	Common Stock	M	2500	$49.06	Acquired	3345	Direct
2021-11-24	Common Stock	M	2946	$84.49	Acquired	6291	Direct
2021-11-24	Common Stock	M	2546	$114.48	Acquired	8837	Direct
2021-11-24	Common Stock	S	600	$321.1783	Disposed	8237	Direct
2021-11-24	Common Stock	S	500	$324.366	Disposed	7737	Direct
2021-11-24	Common Stock	S	100	$325.15	Disposed	7637	Direct
2021-11-24	Common Stock	S	500	$327.906	Disposed	7137	Direct
2021-11-24	Common Stock	S	300	$328.9133	Disposed	6837	Direct
2021-11-24	Common Stock	S	900	$330.1278	Disposed	5937	Direct
2021-11-24	Common Stock	S	2200	$331.3109	Disposed	3737	Direct
2021-11-24	Common Stock	S	2500	$332.2988	Disposed	1237	Direct
2021-11-24	Common Stock	S	392	$333.175	Disposed	845	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-24	Employee Stock Option (right to buy)	$49.06	M	2500	Disposed	2025-02-20	Common Stock (2500)	Direct
2021-11-24	Employee Stock Option (right to buy)	$84.49	M	2946	Disposed	2026-02-21	Common Stock (2946)	Direct
2021-11-24	Employee Stock Option (right to buy)	$114.48	M	2546	Disposed	2027-02-21	Common Stock (2546)	Direct

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 $321.05 and the highest price at which shares were sold was $321.25. 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 (9) to this Form 4.

F3: Represents the weighted average sale price. The lowest price at which shares were sold was $324.04 and the highest price at which shares were sold was $324.86.

F4: Represents the weighted average sale price. The lowest price at which shares were sold was $327.73 and the highest price at which shares were sold was $328.15.

F5: Represents the weighted average sale price. The lowest price at which shares were sold was $328.74 and the highest price at which shares were sold was $329.00.

F6: Represents the weighted average sale price. The lowest price at which shares were sold was $329.77 and the highest price at which shares were sold was $330.52.

F7: Represents the weighted average sale price. The lowest price at which shares were sold was $330.79 and the highest price at which shares were sold was $331.68.

F8: Represents the weighted average sale price. The lowest price at which shares were sold was $331.86 and the highest price at which shares were sold was $332.74.

F9: Represents the weighted average sale price. The lowest price at which shares were sold was $333.10 and the highest price at which shares were sold was $333.30.

F10: 1/4 of the shares subject to the option vested on February 20, 2019 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

F11: 1/4 of the shares subject to the option vested on February 21, 2020 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

F12: 1/4 of the shares subject to the option will vest on February 21, 2021, and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.