Xie Michael 4

What Happened

• Michael Xie, VP, Engineering & CTO and a Company director, sold a total of 3,907 Fortinet (FTNT) shares in open‑market transactions on June 3, 2026, receiving aggregate proceeds of $572,145.
• The sales were executed in five lots: 464 shares at $144.46 ($67,029); 410 shares at $145.72 ($59,745); 2,337 shares at $146.55 ($342,488); 564 shares at $147.71 ($83,307); and 132 shares at $148.30 ($19,576). These were disposals (sales), not purchases.

Key Details

• Transaction date: June 3, 2026 (reported same day).
• Prices ranged roughly from about $144.03 to $148.31 across the executed trades; weighted average line items are noted in the filing.
• Total shares sold: 3,907; total proceeds: $572,145.
• These trades were effected pursuant to a Rule 10b5‑1 trading plan adopted by Mr. Xie on March 4, 2026 (footnote F1).
• Several footnotes indicate holdings in family/annuity trusts for the reporting person and spouse (F7–F11).
• Shares owned after the transactions are not specified in the material you provided.
• Filing date and report date are both June 3, 2026; no late filing was indicated in the provided data.

Context

• These were open‑market sales under a prearranged 10b5‑1 plan, which is a common mechanism executives use to sell shares according to a set schedule; such sales are often routine and do not necessarily reflect a change in personal view on the company.
• For retail investors, purchases typically carry more informational weight than routine sales. This filing documents disposition of shares rather than acquisition or option exercises.