Hu Jean X. 4

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.