Fortinet, Inc. — Director's Dealing 2022

Jan 24, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortinet, Inc. (FTNT)
CIK: 0001262039
Period of Report: 2022-01-21

Reporting Person: Whittle John (VP Corp Dev&Strat Alliance,GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-21	Common Stock	M	1216	$49.06	Acquired	1216	Direct
2022-01-21	Common Stock	M	700	$84.49	Acquired	1916	Direct
2022-01-21	Common Stock	M	496	$114.48	Acquired	2412	Direct
2022-01-21	Common Stock	S	112	$288.7293	Disposed	2300	Direct
2022-01-21	Common Stock	S	100	$289.45	Disposed	2200	Direct
2022-01-21	Common Stock	S	300	$292.0233	Disposed	1900	Direct
2022-01-21	Common Stock	S	100	$293.35	Disposed	1800	Direct
2022-01-21	Common Stock	S	100	$294.49	Disposed	1700	Direct
2022-01-21	Common Stock	S	100	$295.75	Disposed	1600	Direct
2022-01-21	Common Stock	S	300	$297.0533	Disposed	1300	Direct
2022-01-21	Common Stock	S	200	$298.305	Disposed	1100	Direct
2022-01-21	Common Stock	S	700	$299.7543	Disposed	400	Direct
2022-01-21	Common Stock	S	300	$302.2767	Disposed	100	Direct
2022-01-21	Common Stock	S	100	$303.14	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-21	Stock Option (right to buy)	$49.06	M	1216	Disposed	2025-02-20	Common Stock (1216)	Direct
2022-01-21	Stock Option (right to buy)	$84.49	M	700	Disposed	2026-02-21	Common Stock (700)	Direct
2022-01-21	Stock Option (right to buy)	$114.48	M	496	Disposed	2027-02-21	Common Stock (496)	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 $288.77 and the highest price at which shares were sold was $288.39. 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 (7) to this Form 4.

F3: Represents the weighted average sale price. The lowest price at which shares were sold was $291.92 and the highest price at which shares were sold was $292.19.

F4: Represents the weighted average sale price. The lowest price at which shares were sold was $297.00 and the highest price at which shares were sold was $297.11.

F5: Represents the weighted average sale price. The lowest price at which shares were sold was $298.16 and the highest price at which shares were sold was $298.45.

F6: Represents the weighted average sale price. The lowest price at which shares were sold was $299.30 and the highest price at which shares were sold was $300.08.

F7: Represents the weighted average sale price. The lowest price at which shares were sold was $301.74 and the highest price at which shares were sold was $302.56.

F8: 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.

F9: 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.

F10: 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.