Fortinet, Inc. — Director's Dealing 2025

Mar 11, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortinet, Inc. (FTNT)
CIK: 0001262039
Period of Report: 2025-03-11

Reporting Person: Xie Michael (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-11	Common Stock	S	9913	$96.105	Disposed	11316939	Direct
2025-03-11	Common Stock	S	92915	$97.3411	Disposed	11224024	Direct
2025-03-11	Common Stock	S	151842	$98.2619	Disposed	11072182	Direct
2025-03-11	Common Stock	S	69914	$99.3010	Disposed	11002268	Direct
2025-03-11	Common Stock	S	2200	$99.8027	Disposed	11000068	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17041070	Indirect
Common Stock	9958430	Indirect
Common Stock	9500000	Indirect
Common Stock	9500000	Indirect

Footnotes

F1: The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2024.

F2: Represents the weighted average sale price. The lowest price at which shares were sold was $95.69 and the highest price at which shares were sold was $96.57. 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 (6) to this Form 4.

F3: Represents the weighted average sale price. The lowest price at which shares were sold was $96.75 and the highest price at which shares were sold was $97.74.

F4: ) Represents the weighted average sale price. The lowest price at which shares were sold was $97.75 and the highest price at which shares were sold was $98.74.

F5: Represents the weighted average sale price. The lowest price at which shares were sold was $98.75 and the highest price at which shares were sold was $99.73.

F6: ) Represents the weighted average sale price. The lowest price at which shares were sold was $99.75 and the highest price at which shares were sold was $99.89.

F7: Shares held directly by The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.

F8: Shares held directly by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.

F9: These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.

F10: These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.