Form 4 for FTNT Fortinet
Accepted 2024-02-05 00:00:00 ET · period of report 2024-02-01 · accession 0001415889-24-002511 · 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 | 2024-02-05 | 2024-02-01 | FTNT | Xie Michael | VP, CTO, ENGINEERING, Dir | M - OptEx | $0.00 | +32.4K | 29.93M | +0.1% | $0 |
| D | 2024-02-05 | 2024-02-01 | FTNT | Xie Michael | VP, CTO, ENGINEERING, Dir | F - Tax | $66.45 | -14.0K | 29.93M | -0.0% | -$930.4K |
| DM | 2024-02-05 | 2024-02-02 | FTNT | Xie Michael | VP, CTO, ENGINEERING, Dir | S - Sale+OE | $66.45 | -38.4K | 29.89M | -0.1% | -$2.55M |
| DM | 2024-02-05 | 2024-02-01 | FTNT | Xie Michael | VP, CTO, ENGINEERING, Dir | M - OptEx | $0.00 | -32.4K | 18.2K | -64% | $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 | 2024-02-01 | M | A | 4,555 | $0.00 | 29,916,668 | D | — | — | |
| 2 | Common | Common Stock | 2024-02-01 | F | D | 14,001 | $66.45 | 29,925,387 | D | — | — | |
| 3 | Common | Common Stock | 2024-02-01 | M | A | 9,637 | $0.00 | 29,939,388 | D | — | — | |
| 4 | Common | Common Stock | 2024-02-02 | S | D | 600 | $66.94 | 29,887,018 | D | — | — | (F5) Represents the weighted average sale price. The lowest price at which shares were sold was $66.92 and the highest price at which shares were sold was $66.98. |
| 5 | Common | Common Stock | 2024-02-01 | M | A | 5,095 | $0.00 | 29,912,113 | D | — | — | |
| 6 | Common | Common Stock | 2024-02-02 | S | D | 37,769 | $66.44 | 29,887,618 | D | — | — | (F4) Represents the weighted average sale price. The lowest price at which shares were sold was $65.92 and the highest price at which shares were sold was $66.91. 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 (4) and (5) to this Form 4. |
| 7 | Common | Common Stock | 2024-02-01 | M | A | 2,030 | $0.00 | 29,918,698 | D | — | — | |
| 8 | Common | Common Stock | 2024-02-01 | M | A | 11,053 | $0.00 | 29,929,751 | D | — | — | |
| 9 | Derivative | Performance Stock Units | 2024-02-01 | M | D | 9,637 | $0.00 | 0 | D | $0.00 · — to — | 9,637 Common Stock | (F8) Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. (F14) 100% of the performance stock units vested 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. (F10) RSUs do not expire; they either vest or are canceled prior to the vesting date. |
| 10 | Derivative | Restricted Stock Units | 2024-02-01 | M | D | 5,095 | $0.00 | 0 | D | $0.00 · — to — | 5,095 Common Stock | (F8) Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. (F9) 25% of the RSUs vested on February 1, 2021, 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 settlement. (F10) RSUs do not expire; they either vest or are canceled prior to the vesting date. |
| 11 | Derivative | Restricted Stock Units | 2024-02-01 | M | D | 11,053 | $0.00 | 33,161 | D | $0.00 · — to — | 11,053 Common Stock | (F8) Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. (F13) 25% of the RSUs vested on February 1, 2024, 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 settlement. (F10) RSUs do not expire; they either vest or are canceled prior to the vesting date. |
| 12 | Derivative | Restricted Stock Units | 2024-02-01 | M | D | 2,030 | $0.00 | 16,240 | D | $0.00 · — to — | 2,030 Common Stock | (F8) Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. (F12) 25% of the RSUs vested 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 settlement. (F10) RSUs do not expire; they either vest or are canceled prior to the vesting date. |
| 13 | Derivative | Restricted Stock Units | 2024-02-01 | M | D | 4,555 | $0.00 | 18,215 | D | $0.00 · — to — | 4,555 Common Stock | (F8) Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. (F11) 25% of the RSUs vested on February 1, 2022, 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 settlement. (F10) RSUs do not expire; they either vest or are canceled prior to the vesting date. |