Hu Jean X. 4
4 · Fortinet, Inc. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Fortinet (FTNT) Director Jean X. Hu Receives 649 Shares via RSU Vesting
What Happened
Jean X. Hu, a director of Fortinet, had 649 restricted stock units (RSUs) vest on March 31, 2026. The filing shows a conversion/exercise of a derivative (code M) resulting in the acquisition of 649 common shares at $0.00 and a corresponding disposition of 649 derivative units (the RSUs). No cash was paid on exercise—the RSUs converted into shares upon vesting.
Key Details
- Transaction date: 2026-03-31. Transaction code: M (exercise/conversion of derivative). Price reported: $0.00 per share.
- Shares acquired on vesting: 649 common shares; derivative (RSU) units disposed: 649.
- These shares arise from RSUs granted August 20, 2025 that vest in substantially equal increments on 9/30/2025, 12/31/2025, 3/31/2026 and the earlier of 6/30/2026 or the day before the 2026 annual meeting (per footnotes).
- Footnotes note each RSU entitles the holder to one share on settlement and that RSUs do not expire (they vest or are cancelled).
- The filing does not state post-transaction total holdings in this report.
Context
This is a scheduled equity compensation vesting event (not an open-market purchase or sale). Code M reflects conversion of a derivative (RSU) into common stock. Such vestings are routine compensation for insiders and do not by themselves signal an intent to buy or sell stock in the market.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-31+649→ 38,399 total - Exercise/Conversion
Restricted Stock Units
[F2][F1][F3][F4]2026-03-31−649→ 650 totalExercise: $0.00→ Common Stock (649 underlying)
Footnotes (4)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2025.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- [F3]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.
- [F4]RSUs do not expire; they either vest or are canceled prior to vest date