Fortinet, Inc. — Director's Dealing 2025

Feb 27, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortinet, Inc. (FTNT)
CIK: 0001262039
Period of Report: 2025-02-26

Reporting Person: Jensen Keith (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-26	Common Stock	M	5675	$62.108	Acquired	10411	Direct
2025-02-26	Common Stock	M	11985	$34.386	Acquired	22396	Direct
2025-02-26	Common Stock	S	8663	$108.8387	Disposed	13733	Direct
2025-02-26	Common Stock	S	8142	$109.4392	Disposed	5591	Direct
2025-02-26	Common Stock	S	855	$110.1055	Disposed	4736	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-26	Stock Option (right to buy)	$62.108	M	5675	Disposed	2029-02-17	Common Stock (5675)	Direct
2025-02-26	Stock Option (right to buy)	$34.386	M	11985	Disposed	2028-02-19	Common Stock (11985)	Direct

Footnotes

F1: The reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person on March 6, 2024.

F2: Represents the weighted average sale price. The lowest price at which shares were sold was $108.06 and the highest price at which shares were sold was $109.05. 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 range set forth herein.

F3: Represents the weighted average sale price. The lowest price at which shares were sold was $109.06 and the highest price at which shares were sold was $110.03. 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 range set forth herein.

F4: Represents the weighted average sale price. The lowest price at which shares were sold was $110.07 and the highest price at which shares were sold was $110.24. 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 range set forth herein.

F5: 1/4 of the shares subject to the option will vest on February 17, 2023, and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

F6: 1/4 of the shares subject to the option vested on February 19, 2022, and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.