Fortinet, Inc. — Director's Dealing 2024

Dec 19, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortinet, Inc. (FTNT)
CIK: 0001262039
Period of Report: 2024-12-17

Reporting Person: Xie Ken (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-12-17	Common Stock	M	41666	$9.812	Acquired	49006599	Direct
2024-12-17	Common Stock	S	14416	$97.5722	Disposed	48992183	Direct
2024-12-17	Common Stock	S	7700	$98.4642	Disposed	48984483	Direct
2024-12-17	Common Stock	S	800	$99.2088	Disposed	48983683	Direct
2024-12-18	Common Stock	M	41667	$9.812	Acquired	49025350	Direct
2024-12-18	Common Stock	S	4621	$93.5271	Disposed	49020729	Direct
2024-12-18	Common Stock	S	3552	$94.44	Disposed	49017177	Direct
2024-12-18	Common Stock	S	6144	$95.5848	Disposed	49011033	Direct
2024-12-18	Common Stock	S	5300	$96.3272	Disposed	49005733	Direct
2024-12-18	Common Stock	S	2911	$97.5872	Disposed	49002822	Direct
2024-12-18	Common Stock	S	400	$98.3125	Disposed	49002422	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-12-17	Nonqualified Stock Option (right to buy)	$9.812	M	41666	Disposed	2025-02-20	Common Stock (41666)	Direct
2024-12-18	Nonqualified Stock Option (right to buy)	$9.812	M	41667	Disposed	2025-02-20	Common Stock (41667)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4256201	Indirect
Common Stock	4256201	Indirect
Common Stock	3243799	Indirect
Common Stock	3243799	Indirect

Footnotes

F1: The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 8, 2023.

F2: Represents the weighted average sale price. The lowest price at which shares were sold was $97.06 and the highest price at which shares were sold was $98.05. 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 $98.10 and the highest price at which shares were sold was $99.06.

F4: Represents the weighted average sale price. The lowest price at which shares were sold was $99.10 and the highest price at which shares were sold was $99.36.

F5: Represents the weighted average sale price. The lowest price at which shares were sold was $92.93 and the highest price at which shares were sold was $93.85.

F6: Represents the weighted average sale price. The lowest price at which shares were sold was $93.93 and the highest price at which shares were sold was $94.84.

F7: Represents the weighted average sale price. The lowest price at which shares were sold was $95.00 and the highest price at which shares were sold was $95.99.

F8: (3) Represents the weighted average sale price. The lowest price at which shares were sold was $96.01 and the highest price at which shares were sold was $96.98.

F9: Represents the weighted average sale price. The lowest price at which shares were sold was $97.21 and the highest price at which shares were sold was $98.17.

F10: (3) Represents the weighted average sale price. The lowest price at which shares were sold was $98.22 and the highest price at which shares were sold was $98.36.

F11: These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.

F12: These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.

F13: These securities are held by a 2024 grantor retained annuity trust for the benefit of the Reporting Person.

F14: These securities are held by a 2024 grantor retained annuity trust for the benefit of the Reporting Person's spouse.

F15: The options are fully vested.