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Fortinet, Inc. — Director's Dealing 2024
Nov 14, 2024
29957_dirs_2024-11-14_f53b0dcd-5c7f-466b-b0cf-63fc7af2ba41.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: 2024-11-12
Reporting Person: Xie Ken (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-12 | Common Stock | M | 41667 | $9.812 | Acquired | 48969100 | Direct |
| 2024-11-12 | Common Stock | S | 3731 | $97.9137 | Disposed | 48965369 | Direct |
| 2024-11-12 | Common Stock | S | 18807 | $98.654 | Disposed | 48946562 | Direct |
| 2024-11-12 | Common Stock | S | 400 | $99.315 | Disposed | 48946162 | Direct |
| 2024-11-13 | Common Stock | M | 41667 | $9.812 | Acquired | 48987829 | Direct |
| 2024-11-13 | Common Stock | S | 10145 | $98.1453 | Disposed | 48977684 | Direct |
| 2024-11-13 | Common Stock | S | 5213 | $99.1448 | Disposed | 48972471 | Direct |
| 2024-11-13 | Common Stock | S | 7538 | $100.1321 | Disposed | 48964933 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-12 | Nonqualified Stock Option (right to buy) | $9.812 | M | 41667 | Disposed | 2025-02-20 | Common Stock (41667) | Direct |
| 2024-11-13 | 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 $97.18 and the highest price at which shares were sold was $98.17. 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 $98.18 and the highest price at which shares were sold was $99.14.
F4: Represents the weighted average sale price. The lowest price at which shares were sold was $99.19 and the highest price at which shares were sold was $99.41.
F5: Represents the weighted average sale price. The lowest price at which shares were sold was $97.61 and the highest price at which shares were sold was $98.60.
F6: Represents the weighted average sale price. The lowest price at which shares were sold was $98.68 and the highest price at which shares were sold was $99.60.
F7: Represents the weighted average sale price. The lowest price at which shares were sold was $99.70 and the highest price at which shares were sold was $100.57.
F8: These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.
F9: These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.
F10: These securities are held by a 2024 grantor retained annuity trust for the benefit of the Reporting Person.
F11: These securities are held by a 2024 grantor retained annuity trust for the benefit of the Reporting Person's spouse.
F12: The options are fully vested.