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Fortinet, Inc. — Director's Dealing 2022
Aug 26, 2022
29957_dirs_2022-08-26_7bc5687b-9ba8-451c-bac6-6c43e74e99a2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Fortinet, Inc. (FTNT)
CIK: 0001262039
Period of Report: 2022-08-25
Reporting Person: Jensen Keith (CFO & Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-08-25 | Common Stock | M | 14730 | $16.90 | Acquired | 19271 | Direct |
| 2022-08-25 | Common Stock | M | 12730 | $22.90 | Acquired | 32001 | Direct |
| 2022-08-25 | Common Stock | M | 11980 | $34.39 | Acquired | 43981 | Direct |
| 2022-08-25 | Common Stock | S | 39440 | $50.5687 | Disposed | 4541 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-08-25 | Stock Option (right to buy) | $16.90 | M | 14730 | Disposed | 2026-02-21 | Common Stock (14730) | Direct |
| 2022-08-25 | Stock Option (right to buy) | $22.90 | M | 12730 | Disposed | 2027-02-21 | Common Stock (12730) | Direct |
| 2022-08-25 | Stock Option (right to buy) | $34.39 | M | 11980 | Disposed | 2028-02-19 | Common Stock (11980) | Direct |
Footnotes
F1: The reported transaction was 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 $50.21 and the highest price at which shares were sold was $50.97. 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 range set forth herein.
F3: 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.
F4: 1/4 of the shares subject to the option vested 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.
F5: 1/4 of the shares subject to the option vested on February 19, 2022, 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.