GOLDMAN KENNETH A 4

4 · Fortinet, Inc. · Filed Apr 1, 2026

AI-generated summary of this filing

Updated Apr 1, 2026

Fortinet (FTNT) Director Kenneth Goldman Receives 649 Shares on RSU Vest

What Happened

Kenneth A. Goldman, a Fortinet director, had 649 RSUs convert to 649 shares on March 31, 2026. The Form 4 shows an "exercise/conversion of derivative (M)" acquiring 649 shares at $0.00 and a corresponding disposition of the derivative instrument for $0.00 — meaning the RSU/derivative was settled into common stock rather than a cash purchase or market sale.
No cash value is reported in the transaction lines (price $0.00); this reflects settlement of compensation awards (RSUs) rather than a purchase or open-market sale.

Key Details

Transaction date: 2026-03-31; filing date: 2026-04-01 (timely).
Shares acquired: 649; reported price per share: $0.00 (settlement of RSUs).
Transaction code: M — exercise/conversion of a derivative security (RSU conversion to common shares).
Shares owned after transaction: not specified in the provided excerpt of the filing.
Notable footnotes:
- F1/F4/F5/F6: These shares represent RSUs granted Aug 20, 2025; each RSU converts to one share on settlement; the RSUs vested in part on the listed vesting schedule (including 3/31/2026) and do not expire.
- F2/F3: The reporting person may be trustee or managing member of entities (a Trust and GV Partners L.P.) and disclaims beneficial ownership of shares held by those entities except to the extent of pecuniary interest.

Context

This was a routine compensation vesting event (RSU settlement), not an open-market buy or sale; the derivative entry indicates conversion of the award into shares rather than a cash exercise.
Such settlements are common for executives and directors as part of equity compensation and do not by themselves indicate a buy or sell signal.

Form 4

Period: 2026-03-31

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-31+649→ 22,819 total
Exercise/Conversion
Restricted Stock Units
[F4][F1][F5][F6]
2026-03-31−649→ 650 total
Exercise: $0.00→ Common Stock (649 underlying)

Holdings

Footnotes (6)

[F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2025.
[F2]The Reporting Person is a trustee of the Trust and may be deemed to have voting and dispositive power with regard to the shares held by the Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Trust except to the extent of his pecuniary interest therein.
[F3]GV Partners L.P. is a family limited partnership of which the Reporting Person is the managing member.
[F4]Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
[F5]The RSUs will vest in substantially equal increments on each of September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of (i) June 30, 2026 and (ii) the date immediately preceding the Issuer's 2026 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.
[F6]RSUs do not expire; they either vest or are canceled prior to vest date

Signature

/s/ Robert Turner, by power of attorney|2026-04-01

1 file