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Xie Ken – ‘4’ for 4/16/24 re: Fortinet, Inc.

On:  Wednesday, 4/17/24, at 8:52pm ET   ·   For:  4/16/24   ·   As:  Director and Officer   ·   Accession #:  1415889-24-11080   ·   File #:  1-34511

Previous ‘4’:  ‘4’ on 3/13/24 for 3/12/24   ·   Next & Latest:  ‘4’ on 5/2/24 for 5/1/24

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/17/24  Xie Ken                           4          Dir.,Off.   1:15K  Fortinet, Inc.                    SEC Connect

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     15K 
                Securities by an Insider --                                      
                form4-04182024_120437.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider — form4-04182024_120437.xml/5.8
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  4/16/24
Issuer:
Issuer CIK:  1262039
Issuer Name:  Fortinet, Inc.
Issuer Trading Symbol:  FTNT
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1475587
Owner Name:  Xie Ken
Reporting Owner Address:
Owner Street 1:  C/O FORTINET, INC.
Owner Street 2:  909 KIFER ROAD
Owner City:  SUNNYVALE
Owner State:  CA
Owner ZIP Code:  94086
Owner State Description:
Reporting Owner Relationship:
Is Director?  Yes
Is Officer?  Yes
Is Ten Percent Owner?  No
Is Other?  No
Officer Title:  PRESIDENT & CEO
Other Text:
Aff 10b5 One:  1
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  4/16/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  41,667
Transaction Price Per Share:
Value:  9.812
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  48,684,640
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  4/16/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Footnote ID:  F1
Transaction Amounts:
Transaction Shares:
Value:  23,737
Transaction Price Per Share:
Value:  64.7374
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  48,660,903
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  4/16/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Footnote ID:  F1
Transaction Amounts:
Transaction Shares:
Value:  255
Transaction Price Per Share:
Value:  65.5139
Footnote ID:  F3
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  48,660,648
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  4/17/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  41,666
Transaction Price Per Share:
Value:  9.812
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  48,702,314
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  4/17/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Footnote ID:  F1
Transaction Amounts:
Transaction Shares:
Value:  23,904
Transaction Price Per Share:
Value:  64.8766
Footnote ID:  F4
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  48,678,410
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  4/17/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Footnote ID:  F1
Transaction Amounts:
Transaction Shares:
Value:  100
Transaction Price Per Share:
Value:  65.52
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  48,678,310
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Holding:
Security Title:
Value:  Common Stock
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  4,256,201
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By trust
Footnote ID:  F5
Non-Derivative Holding:
Security Title:
Value:  Common Stock
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  4,256,201
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By trust
Footnote ID:  F6
Non-Derivative Holding:
Security Title:
Value:  Common Stock
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  3,243,799
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By trust
Footnote ID:  F7
Non-Derivative Holding:
Security Title:
Value:  Common Stock
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  3,243,799
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By trust
Footnote ID:  F8
Derivative Table:
Derivative Transaction:
Security Title:
Value:  Nonqualified Stock Option (right to buy)
Conversion or Exercise Price:
Value:  9.812
Transaction Date:
Value:  4/16/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  41,667
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F9
Expiration Date:
Value:  2/20/25
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  41,667
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  875,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Transaction:
Security Title:
Value:  Nonqualified Stock Option (right to buy)
Conversion or Exercise Price:
Value:  9.812
Transaction Date:
Value:  4/17/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  41,666
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F9
Expiration Date:
Value:  2/20/25
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  41,666
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  833,334
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Footnotes:
Footnote - F1:  The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 8, 2023.
Footnote - F2:  Represents the weighted average sale price. The lowest price at which shares were sold was $64,44 and the highest price at which shares were sold was $65.39. 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 (5) to this Form 4.
Footnote - F3:  Represents the weighted average sale price. The lowest price at which shares were sold was $65.50 and the highest price at which shares were sold was $65.53.
Footnote - F4:  Represents the weighted average sale price. The lowest price at which shares were sold was $64.48 and the highest price at which shares were sold was $65.42.
Footnote - F5:  These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.
Footnote - F6:  These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.
Footnote - F7:  These securities are held by a 2024 grantor retained annuity trust for the benefit of the Reporting Person.
Footnote - F8:  These securities are held by a 2024 grantor retained annuity trust for the benefit of the Reporting Person's spouse.
Footnote - F9:  The options are fully vested.
Owner Signature:
Signature Name:  /s/ Robert Turner, by power of attorney
Signature Date:  4/17/24


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