Form 4 for FTNT Fortinet
Accepted 2025-02-13 00:00:00 ET · period of report 2025-02-11 · accession 0001415889-25-003894 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2025-02-13 | 2025-02-11 | FTNT | Xie Ken | Pres, CEO, Dir | G - Gift | $0.00 | -3.88M | 647.3K | -86% | $0 |
| DM | 2025-02-13 | 2025-02-11+ | FTNT | Xie Ken | Pres, CEO, Dir | S - Sale+OE | $107.68 | -45.4K | 51.43M | -0.1% | -$4.89M |
| DM | 2025-02-13 | 2025-02-11+ | FTNT | Xie Ken | Pres, CEO, Dir | M - OptEx | $9.81 | +83.3K | 51.47M | +0.2% | +$817.5K |
| DM | 2025-02-13 | 2025-02-11+ | FTNT | Xie Ken | Pres, CEO, Dir | M - OptEx | $0.00 | -83.3K | 0 | -100% | $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 | 2025-02-11 | G | D | 647,311 | $0.00 | 0 | I By Trust | — | — | (F2) These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse ("GRAT 2"). On February 11, 2025, 2,314,268 shares of the Issuer's Common Stock were transferred from GRAT 2 to the Reporting Person's spouse. |
| 2 | Common | Common Stock | 2025-02-12 | S | D | 8,534 | $107.20 | 51,451,246 | D | — | — | (F8) Represents the weighted average sale price. The lowest price at which shares were sold was $106.56 and the highest price at which shares were sold was $107.55. |
| 3 | Common | Common Stock | 2025-02-12 | S | D | 7,520 | $106.09 | 51,459,780 | D | — | — | (F7) Represents the weighted average sale price. The lowest price at which shares were sold was $105.56 and the highest price at which shares were sold was $106.55. |
| 4 | Common | Common Stock | 2025-02-12 | S | D | 3,300 | $105.22 | 51,467,300 | D | — | — | (F6) Represents the weighted average sale price. The lowest price at which shares were sold was $104.55 and the highest price at which shares were sold was $105.54. |
| 5 | Common | Common Stock | 2025-02-11 | G | D | 647,311 | $0.00 | 1,294,622 | I By Trust | — | — | (F1) These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person ("GRAT 1"). On February 11, 2025, 2,314,268 shares of the Issuer's Common Stock were transferred from GRAT 1 to the Reporting Person. |
| 6 | Common | Common Stock | 2025-02-11 | G | D | 647,311 | $0.00 | 647,311 | I By Trust | — | — | (F1) These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person ("GRAT 1"). On February 11, 2025, 2,314,268 shares of the Issuer's Common Stock were transferred from GRAT 1 to the Reporting Person. |
| 7 | Common | Common Stock | 2025-02-11 | G | D | 647,311 | $0.00 | 0 | I By Trust | — | — | (F1) These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person ("GRAT 1"). On February 11, 2025, 2,314,268 shares of the Issuer's Common Stock were transferred from GRAT 1 to the Reporting Person. |
| 8 | Common | Common Stock | 2025-02-11 | G | D | 647,311 | $0.00 | 1,294,622 | I By Trust | — | — | (F2) These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse ("GRAT 2"). On February 11, 2025, 2,314,268 shares of the Issuer's Common Stock were transferred from GRAT 2 to the Reporting Person's spouse. |
| 9 | Common | Common Stock | 2025-02-11 | G | D | 647,311 | $0.00 | 647,311 | I By Trust | — | — | (F2) These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse ("GRAT 2"). On February 11, 2025, 2,314,268 shares of the Issuer's Common Stock were transferred from GRAT 2 to the Reporting Person's spouse. |
| 10 | Common | Common Stock | 2025-02-12 | S | D | 3,367 | $107.65 | 51,447,879 | D | — | — | (F9) Represents the weighted average sale price. The lowest price at which shares were sold was $107.56 and the highest price at which shares were sold was $107.75. |
| 11 | Common | Common Stock | 2025-02-11 | M | A | 41,667 | $9.81 | 51,451,633 | D | — | — | |
| 12 | Common | Common Stock | 2025-02-11 | S | D | 16,357 | $108.54 | 51,435,276 | D | — | — | (F4) Represents the weighted average sale price. The lowest price at which shares were sold was $107.99 and the highest price at which shares were sold was $108.98. 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 (7) to this Form 4. |
| 13 | Common | Common Stock | 2025-02-11 | S | D | 6,243 | $109.30 | 51,429,033 | D | — | — | (F5) Represents the weighted average sale price. The lowest price at which shares were sold was $108.99 and the highest price at which shares were sold was $109.85. |
| 14 | Common | Common Stock | 2025-02-11 | S | D | 100 | $109.99 | 51,428,933 | D | — | — | |
| 15 | Common | Common Stock | 2025-02-12 | M | A | 41,667 | $9.81 | 51,470,600 | D | — | — | |
| 16 | Derivative | Nonqualified Stock Option (right to buy) | 2025-02-11 | M | D | 41,667 | $0.00 | 41,667 | D | $9.81 · — to 2025-02-20 | 41,667 Common Stock | (F12) The options are fully vested. |
| 17 | Derivative | Nonqualified Stock Option (right to buy) | 2025-02-12 | M | D | 41,667 | $0.00 | 0 | D | $9.81 · — to 2025-02-20 | 41,666 Common Stock | (F12) The options are fully vested. |