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Fortinet, Inc. — Director's Dealing 2024
Feb 22, 2024
29957_dirs_2024-02-22_07a2883e-a2ff-486b-84fe-1a2c33b07f13.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: 2024-02-21
Reporting Person: Whittle John (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-21 | Restricted Stock Units | $0 | A | 29229 | Acquired | Common Stock (29229) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2: 25% of the RSUs will vest on February 1, 2025, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.
F3: RSUs do not expire; they either vest or are canceled prior to the vesting date.