Form 4 for FTNT Fortinet
Accepted 2026-05-05 17:29:05 ET · period of report 2026-05-01 · accession 0001475586-26-000010 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMT | 2026-05-05 17:29 | 2026-05-01 | FTNT | Xie Michael | VP, CTO, ENGINEERING, Dir | M - OptEx | $0.00 | +6,305 | 9.93M | +0.1% | $0 |
| DT | 2026-05-05 17:29 | 2026-05-01 | FTNT | Xie Michael | VP, CTO, ENGINEERING, Dir | F - Tax | $86.29 | -3,184 | 9.93M | -0.0% | -$274.7K |
| DMT | 2026-05-05 17:29 | 2026-05-04 | FTNT | Xie Michael | VP, CTO, ENGINEERING, Dir | S - Sale+OE | $88.89 | -2,478 | 9.93M | -0.0% | -$220.3K |
| DMT | 2026-05-05 17:29 | 2026-05-01 | FTNT | Xie Michael | VP, CTO, ENGINEERING, Dir | M - OptEx | $0.00 | -6,305 | 14.3K | -31% | $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 | 2026-05-01 | M | A | 2,763 | $0.00 | 9,929,637 | D | — | — | (F1) Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. |
| 2 | Common | Common Stock | 2026-05-01 | M | A | 2,242 | $0.00 | 9,931,879 | D | — | — | (F1) Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. |
| 3 | Common | Common Stock | 2026-05-01 | M | A | 1,300 | $0.00 | 9,933,179 | D | — | — | (F1) Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. |
| 4 | Common | Common Stock | 2026-05-01 | F | D | 3,184 | $86.29 | 9,929,995 | D | — | — | (F2) Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units. |
| 5 | Common | Common Stock | 2026-05-04 | S | D | 190 | $87.04 | 9,929,805 | D | — | — | (F3) The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2024. (F4) Represents the weighted average sale price. The lowest price at which shares were sold was $86.51 and the highest price at which shares were sold was $87.48. 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), (5), (6) and (7) to this Form 4. |
| 6 | Common | Common Stock | 2026-05-04 | S | D | 197 | $88.09 | 9,929,608 | D | — | — | (F3) The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2024. (F5) Represents the weighted average sale price. The lowest price at which shares were sold was $87.52 and the highest price at which shares were sold was $88.515. |
| 7 | Common | Common Stock | 2026-05-04 | S | D | 2,028 | $89.12 | 9,927,580 | D | — | — | (F3) The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2024. (F6) Represents the weighted average sale price. The lowest price at which shares were sold was $88.52 and the highest price at which shares were sold was $89.51. |
| 8 | Common | Common Stock | 2026-05-04 | S | D | 63 | $89.61 | 9,927,517 | D | — | — | (F3) The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2024. (F7) Represents the weighted average sale price. The lowest price at which shares were sold was $89.52 and the highest price at which shares were sold was $89.70. |
| 9 | Derivative | Restricted Stock Units | 2026-05-01 | M | D | 2,763 | $0.00 | 8,291 | D | $0.00 · — to — | 2,763 Common Stock | (F13) Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. (F1) Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. (F14) 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. (F15) RSUs do not expire; they either vest or are canceled prior to the vesting date. |
| 10 | Derivative | Restricted Stock Units | 2026-05-01 | M | D | 2,242 | $0.00 | 15,696 | D | $0.00 · — to — | 2,242 Common Stock | (F13) Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. (F1) Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. (F16) 25% of the RSUs vested on February 1, 2025, 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. (F15) RSUs do not expire; they either vest or are canceled prior to the vesting date. |
| 11 | Derivative | Restricted Stock Units | 2026-05-01 | M | D | 1,300 | $0.00 | 14,302 | D | $0.00 · — to — | 1,300 Common Stock | (F13) Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. (F1) Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. (F17) 25% of the RSUs vested on February 1, 2026, 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. (F15) RSUs do not expire; they either vest or are canceled prior to the vesting date. |