Fortinet, Inc. — Director's Dealing 2023

Feb 22, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortinet, Inc. (FTNT)
CIK: 0001262039
Period of Report: 2023-02-21

Reporting Person: Perche Patrice (Chief Revenue Off./EVP Supp.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-21	Common Stock	M	3500	$16.90	Acquired	29230	Direct
2023-02-21	Common Stock	M	3805	$22.90	Acquired	33035	Direct
2023-02-21	Common Stock	M	3730	$34.39	Acquired	36765	Direct
2023-02-21	Common Stock	S	11035	$59.7482	Disposed	25730	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-21	Stock Option (right to buy)	$16.90	M	3500	Disposed	2026-02-21	Common Stock (3500)	Direct
2023-02-21	Stock Option (right to buy)	$22.90	M	3805	Disposed	2027-02-21	Common Stock (3805)	Direct
2023-02-21	Stock Option (right to buy)	$34.39	M	3730	Disposed	2028-02-19	Common Stock (3730)	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 $59.45 and the highest price at which shares were sold was $60.27. 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 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.