Jensen Keith 4
4 · Fortinet, Inc. · Filed Feb 27, 2025
Insider Transaction Report
Form 4
Fortinet, Inc.FTNT
Jensen Keith
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2025-02-26$62.11/sh+5,675$352,463→ 10,411 total - Exercise/Conversion
Common Stock
2025-02-26$34.39/sh+11,985$412,116→ 22,396 total - Sale
Common Stock
2025-02-26$109.44/sh−8,142$891,054→ 5,591 total - Sale
Common Stock
2025-02-26$110.11/sh−855$94,140→ 4,736 total - Sale
Common Stock
2025-02-26$108.84/sh−8,663$942,870→ 13,733 total - Exercise/Conversion
Stock Option (right to buy)
2025-02-26−5,675→ 22,685 totalExercise: $62.11Exp: 2029-02-17→ Common Stock (5,675 underlying) - Exercise/Conversion
Stock Option (right to buy)
2025-02-26−11,985→ 0 totalExercise: $34.39Exp: 2028-02-19→ Common Stock (11,985 underlying)
Footnotes (6)
- [F1]The reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person on March 6, 2024.
- [F2]Represents the weighted average sale price. The lowest price at which shares were sold was $108.06 and the highest price at which shares were sold was $109.05. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- [F3]Represents the weighted average sale price. The lowest price at which shares were sold was $109.06 and the highest price at which shares were sold was $110.03. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- [F4]Represents the weighted average sale price. The lowest price at which shares were sold was $110.07 and the highest price at which shares were sold was $110.24. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- [F5]1/4 of the shares subject to the option will vest on February 17, 2023, and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
- [F6]1/4 of the shares subject to the option vested on February 19, 2022, and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.