GOLDMAN KENNETH A 4
4 · Fortinet, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Fortinet Director Kenneth Goldman Exercises RSUs, Disposes 650 Shares
What Happened
Kenneth A. Goldman, a director of Fortinet, had 650 restricted stock units (RSUs) vest and convert into 650 shares on June 11, 2026 (reported as derivative exercise/conversion, transaction code M). The filing shows an acquisition of 650 shares at $0.00 and a disposition of the same 650 shares at $0.00 on the same date. The Form 4 does not list a cash value for these entries.
Key Details
- Transaction date: 2026-06-11; Form filed: 2026-06-12 (timely).
- Reported transactions: Exercise/conversion of derivative (M) — 650 shares acquired and 650 shares disposed; price reported as $0.00.
- Shares owned after transaction: Not disclosed in this filing.
- Relevant footnotes: F1 (vesting of RSUs granted Aug 20, 2025); F4 (each RSU equals one share); F5 (vesting schedule through mid‑2026); F6 (RSUs do not expire); F2/F3 note trust/partnership holdings and disclaimers of beneficial ownership.
- No 10b5-1 plan, tax‑withholding code, or sale proceeds are specified in the filing.
Context
This is a derivative conversion of vested RSUs into common stock with a same‑day disposition. Filings that show vesting followed by immediate disposition are commonly for net settlement or tax withholding, but this Form 4 does not state the reason for the disposition, so no motive is asserted.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-11+650→ 23,469 total - Exercise/Conversion
Restricted Stock Units
[F4][F1][F5][F6]2026-06-11−650→ 0 totalExercise: $0.00→ Common Stock (650 underlying)
- 19,250(indirect: By Trust)
Common Stock
[F2] - 1,000(indirect: By GV Partners L.P.)
Common Stock
[F3]
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