GOLDMAN KENNETH A 4

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.