Form 4 for FTNT Fortinet
Accepted 2022-02-18 00:00:00 ET · period of report 2022-02-17 · accession 0001209191-22-011301 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-02-18 | 2022-02-17 | FTNT | Jensen Keith | CFO, CAO | S - Sale | $313.43 | -3,600 | 1,482 | -71% | -$1.13M |
| DM | 2022-02-18 | 2022-02-17 | FTNT | Jensen Keith | CFO, CAO | A - Grant | $0.00 | -24.2K | 181.5K | -12% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-17 | S | D | 501 | $313.78 | 2,482 | D | — | — | (F5) Represents the weighted average sale price. The lowest price at which shares were sold was $313.43 and the highest price at which shares were sold was $314.14. |
| 2 | Common | Common Stock | 2022-02-17 | S | D | 599 | $315.99 | 883 | D | — | — | (F7) Represents the weighted average sale price. The lowest price at which shares were sold was $315.69 and the highest price at which shares were sold was $316.33. |
| 3 | Common | Common Stock | 2022-02-17 | S | D | 300 | $312.41 | 2,983 | D | — | — | (F4) Represents the weighted average sale price. The lowest price at which shares were sold was $312.04 and the highest price at which shares were sold was $312.60. |
| 4 | Common | Common Stock | 2022-02-17 | S | D | 500 | $311.48 | 3,283 | D | — | — | (F3) Represents the weighted average sale price. The lowest price at which shares were sold was $310.92 and the highest price at which shares were sold was $311.83. |
| 5 | Common | Common Stock | 2022-02-17 | S | D | 700 | $310.30 | 3,783 | D | — | — | (F2) Represents the weighted average sale price. The lowest price at which shares were sold was $309.84 and the highest price at which shares were sold was $310.74. The reporting person undertakes to provide upon request to the staff of the Securities 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. |
| 6 | Common | Common Stock | 2022-02-17 | S | D | 1,000 | $315.19 | 1,482 | D | — | — | (F6) Represents the weighted average sale price. The lowest price at which shares were sold was $314.68 and the highest price at which shares were sold was $315.65. |
| 7 | Derivative | Restricted Stock Units | 2022-02-17 | A | D | 6,049 | $0.00 | 6,049 | D | $0.00 · — to — | 6,049 Common Stock | (F8) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. (F9) 25% of the RSUs will vest on February 1, 2023, 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. (F10) RSUs do not expire; they either vest or are canceled prior to the vesting date. |
| 8 | Derivative | Employee Stock Option (right to buy) | 2022-02-17 | A | D | 18,147 | $0.00 | 181,470 | D | $310.54 · — to 2029-02-17 | 18,147 Common Stock | (F11) 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. |