Fortinet (FTNT) Director Kenneth A. Goldman Converts 459 RSUs

What Happened

• Kenneth A. Goldman, a director of Fortinet, had 459 restricted stock units (RSUs) convert/exercise into 459 shares on September 30, 2026. The Form 4 reports both an "Acquired" and a corresponding "Disposed" derivative entry for 459 shares at $0.00 (transaction code M — exercise/conversion). The transactions show no cash paid or received (total value $0), which is typical when RSUs simply vest and convert into common stock.

Key Details

• Transaction date: September 30, 2026 (reported on Form 4 filed October 1, 2026) — filing appears timely.
• Reported price: $0.00 per share; reported total value: $0.
• Shares affected: 459 RSUs converted into 459 shares.
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes:
  • The RSUs were granted Aug 12, 2026 and vested on Sep 30, 2026 (F1, F5).
  • Each RSU represents a contingent right to one share; shares will be delivered following vesting (F4, F5).
  • RSUs vest in substantially equal increments on Sep 30, 2026; Dec 31, 2026; Mar 31, 2027; and the earlier of Jun 30, 2027 or the day before the 2027 annual meeting, subject to continued service (F5). RSUs do not expire (F6).
  • The filing notes the Reporting Person may have roles related to a trust and a family partnership (trustee/manager) and disclaims beneficial ownership of trust-held shares except to the extent of pecuniary interest (F2, F3).

Context

• These entries reflect a routine vesting/settlement of RSU compensation (derivative conversion), not an open‑market purchase or sale. The $0 entries indicate no cash exercise or sale was involved; such conversions are common as part of director or executive equity awards and do not by themselves signal a trading view.