Xie Michael 4

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.