Xie Michael 4
4 · Fortinet, Inc. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Fortinet (FTNT) CTO Michael Xie Gifts 5,250 Shares
What Happened
- Michael Xie, Fortinet's Vice President, Engineering & CTO and a company director, reported three gift transactions on 2026-06-04 disposing a total of 5,250 Fortinet shares: 2,500 shares, 2,250 shares, and 500 shares. Each gift was reported with $0 consideration (i.e., no cash received).
Key Details
- Transaction date: 2026-06-04; Filing date: 2026-06-05 (timely filing).
- Transaction type/code: G (Gift); Price per share: $0.00; Total proceeds: $0.
- Total shares gifted: 5,250 shares (2,500 + 2,250 + 500).
- Shares owned after transaction: not specified in the provided filing summary.
- Footnotes: Holdings and dispositions are connected to several trusts for which Xie serves as trustee (2010 K.A. Family Trust; KAXX and KAJJ children's trusts dated Feb 9, 2011) and grantor retained annuity trusts benefiting Xie and his spouse.
Context
- Gifts are disposals for estate or family planning and do not necessarily indicate the insider's view on the company's stock price. No options were exercised and no cash proceeds were reported.
Insider Transaction Report
Form 4
Fortinet, Inc.FTNT
Xie Michael
DirectorVP, ENGINEERING & CTO
Transactions
- Gift
Common Stock
2026-06-04−2,500→ 9,921,110 total - Gift
Common Stock
2026-06-04−2,250→ 9,918,860 total(indirect: By Spouse) - Gift
Common Stock
2026-06-04−500→ 9,918,360 total
Holdings
- 25,680,202(indirect: By Trust)
Common Stock
[F1] - 5,513,505(indirect: By Trust)
Common Stock
[F2] - 5,513,505(indirect: By Trust)
Common Stock
[F3] - 4,646,144(indirect: By Trust)
Common Stock
[F4] - 4,646,144(indirect: By Trust)
Common Stock
[F5]
Footnotes (5)
- [F1]These securities are held by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.
- [F2]Shares held directly by the KAXX Trust under The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.
- [F3]Shares held directly by the KAJJ Trust under The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.
- [F4]These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.
- [F5]These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.
Signature
/s/ Robert Turner, by power of attorney|2026-06-05