4//SEC Filing
Ohlgart Christiane 4
Accession 0001415889-25-012006
CIK 0001262039other
Filed
May 4, 8:00 PM ET
Accepted
May 5, 6:10 PM ET
Size
13.7 KB
Accession
0001415889-25-012006
Insider Transaction Report
Form 4
Fortinet, Inc.FTNT
Ohlgart Christiane
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2025-05-01+4,382→ 6,952 total - Exercise/Conversion
Restricted Stock Units
2025-05-01−2,738→ 8,217 totalExercise: $0.00→ Common Stock (2,738 underlying) - Tax Payment
Common Stock
2025-05-01$104.21/sh−2,464$256,773→ 7,226 total - Exercise/Conversion
Performance Stock Units
2025-05-01−4,382→ 0 totalExercise: $0.00→ Common Stock (4,382 underlying) - Exercise/Conversion
Common Stock
2025-05-01+2,738→ 9,690 total
Footnotes (6)
- [F1]Vesting of restricted stock units ("RSUs") or performance stock units ("PSUs") previously granted to the Reporting Person.
- [F2]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units.
- [F3]Each PSU and RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F4]100% of the PSUs vest and settle on May 1, 2025, subject to the Reporting Person's provision of service to the Issuer on such date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
- [F5]PSUs and RSUs do not expire; they either vest or are canceled prior to the vesting date.
- [F6]25% of the RSUs will vest on May 1, 2025, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
Documents
Issuer
Fortinet, Inc.
CIK 0001262039
Entity typeother
Related Parties
1- filerCIK 0002016813
Filing Metadata
- Form type
- 4
- Filed
- May 4, 8:00 PM ET
- Accepted
- May 5, 6:10 PM ET
- Size
- 13.7 KB