Fortinet, Inc. — Director's Dealing 2022

May 26, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortinet, Inc. (FTNT)
CIK: 0001262039
Period of Report: 2022-05-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-25	Common Stock	M	2945	$84.49	Acquired	3828	Direct
2022-05-25	Common Stock	M	2546	$114.48	Acquired	6374	Direct
2022-05-25	Common Stock	M	2397	$171.93	Acquired	8771	Direct
2022-05-25	Common Stock	S	2597	$280.9966	Disposed	6174	Direct
2022-05-25	Common Stock	S	800	$282.7025	Disposed	5374	Direct
2022-05-25	Common Stock	S	831	$283.9606	Disposed	4543	Direct
2022-05-25	Common Stock	S	1000	$284.784	Disposed	3543	Direct
2022-05-25	Common Stock	S	800	$285.8338	Disposed	2743	Direct
2022-05-25	Common Stock	S	957	$287.173	Disposed	1786	Direct
2022-05-25	Common Stock	S	500	$288.116	Disposed	1286	Direct
2022-05-25	Common Stock	S	200	$289.18	Disposed	1086	Direct
2022-05-25	Common Stock	S	203	$290.3183	Disposed	883	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-25	Stock Option (right to buy)	$84.49	M	2945	Disposed	2026-02-21	Common Stock (2945)	Direct
2022-05-25	Stock Option (right to buy)	$114.48	M	2546	Disposed	2027-02-21	Common Stock (2546)	Direct
2022-05-25	Stock Option (right to buy)	$171.93	M	2397	Disposed	2028-02-19	Common Stock (2397)	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 $280.95 and the highest price at which shares were sold was $281.73. 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 (10) to this Form 4.

F3: Represents the weighted average sale price. The lowest price at which shares were sold was $282.23 and the highest price at which shares were sold was $283.16.

F4: Represents the weighted average sale price. The lowest price at which shares were sold was $283.40 and the highest price at which shares were sold was $284.21.

F5: Represents the weighted average sale price. The lowest price at which shares were sold was $284.43 and the highest price at which shares were sold was $285.18.

F6: Represents the weighted average sale price. The lowest price at which shares were sold was $285.44 and the highest price at which shares were sold was $286.33.

F7: Represents the weighted average sale price. The lowest price at which shares were sold was $286.71 and the highest price at which shares were sold was $287.62.

F8: Represents the weighted average sale price. The lowest price at which shares were sold was $287.82 and the highest price at which shares were sold was $288.57.

F9: Represents the weighted average sale price. The lowest price at which shares were sold was $288.84 and the highest price at which shares were sold was $289.52.

F10: Represents the weighted average sale price. The lowest price at which shares were sold was $289.87 and the highest price at which shares were sold was $290.52.

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.

F13: 1/4 of the shares subject to the option will vest 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.