Ducourty Kelly 4
4 · Fortinet, Inc. · Filed Apr 1, 2022
Insider Transaction Report
Form 4
Fortinet, Inc.FTNT
Ducourty Kelly
Director
Transactions
- Exercise/Conversion
Common Stock
2022-03-31+244→ 2,075 total - Exercise/Conversion
Restricted Stock Units
2022-03-31−244→ 244 totalExercise: $0.00→ Common Stock (244 underlying)
Footnotes (4)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 12, 2021.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F3]The RSUs will vest in substantially equal increments on each of September 30, 2021, December 31, 2021, March 31, 2022, and the earlier of (i) June 30, 2022 and (ii) the date immediately preceding the Issuer's 2022 annual meeting of stockholders, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting.
- [F4]RSUs do not expire; they either vest or are canceled prior to vest date.