Hu Jean X. 4
4 · Fortinet, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Fortinet Director Hu Jean X. Receives 650 Shares on RSU Vesting
What Happened
Fortinet director Hu Jean X. had 650 restricted stock units (RSUs) vest on June 11, 2026, which were converted into 650 shares of Fortinet common stock. The Form 4 shows an exercise/conversion (transaction code M) resulting in acquisition of 650 shares at $0.00 and a corresponding disposition of the derivative RSU instrument at $0.00 — i.e., the RSUs vested and were settled into shares without cash payment reported on the filing.
Key Details
- Transaction date: 2026-06-11; Form 4 filed 2026-06-12 (timely filing).
- Reported price: $0.00 per share (conversion of RSUs to common stock as reported).
- Shares acquired: 650 common shares upon RSU vesting.
- Shares disposed: 650 derivative units (RSUs) extinguished upon settlement.
- Footnotes: RSUs were granted Aug 20, 2025; each RSU converts to one share on vesting. Vesting schedule was in roughly equal increments with this vesting completing per schedule (see filing). RSUs do not expire.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
This is the settlement of compensation RSUs (an award vesting), not an open‑market purchase or a sale. Such transactions are routine compensation events and reflect issuance/settlement of previously granted equity awards rather than a directional trade signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-11+650→ 39,049 total - Exercise/Conversion
Restricted Stock Units
[F2][F1][F3][F4]2026-06-11−650→ 0 totalExercise: $0.00→ Common Stock (650 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