Fortinet, Inc. — Director's Dealing 2024

Jan 26, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortinet, Inc. (FTNT)
CIK: 0001262039
Period of Report: 2024-01-24

Reporting Person: Xie Ken (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-01-24	Performance Stock Units	$0.00	A	21834	Acquired		Common Stock (21834)	Direct

Footnotes

F1: Represents restricted stock units ("RSUs") earned as a result of the achievement of performance criteria based on relative shareholder return pursuant to a performance-based RSU award with a performance period that ended on December 31, 2023, as certified by the HR Committee of the Issuer's Board of Directors on January 24, 2024.

F2: Each RSU represents a contingent right to receive one share of the Issuer's common stock.

F3: 100% of the RSUs vest and settle on February 1, 2024, subject to the Reporting Person's provision of service to the Issuer on such date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.

F4: RSUs do not expire; they either vest or are canceled prior to the vesting date.