4//SEC Filing
Jensen Keith 4
Accession 0001415889-25-012009
CIK 0001262039other
Filed
May 4, 8:00 PM ET
Accepted
May 5, 6:11 PM ET
Size
17.9 KB
Accession
0001415889-25-012009
Insider Transaction Report
Form 4
Fortinet, Inc.FTNT
Jensen Keith
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-05-01−1,890→ 5,675 totalExercise: $0.00→ Common Stock (1,890 underlying) - Exercise/Conversion
Restricted Stock Units
2025-05-01−1,826→ 20,096 totalExercise: $0.00→ Common Stock (1,826 underlying) - Exercise/Conversion
Common Stock
2025-05-01+2,573→ 9,199 total - Exercise/Conversion
Common Stock
2025-05-01+1,890→ 6,626 total - Exercise/Conversion
Common Stock
2025-05-01+1,826→ 11,025 total - Tax Payment
Common Stock
2025-05-01$104.21/sh−3,120$325,135→ 7,905 total - Exercise/Conversion
Restricted Stock Units
2025-05-01−2,573→ 18,012 totalExercise: $0.00→ Common Stock (2,573 underlying)
Footnotes (7)
- [F1]Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- [F2]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- [F4]25% of the RSUs vested on February 1, 2023, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
- [F5]RSUs do not expire; they either vest or are canceled prior to the vesting date.
- [F6]25% of the RSUs vested on February 1, 2024, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
- [F7]25% of the RSUs will vest on February 1, 2025, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
Documents
Issuer
Fortinet, Inc.
CIK 0001262039
Entity typeother
Related Parties
1- filerCIK 0001418649
Filing Metadata
- Form type
- 4
- Filed
- May 4, 8:00 PM ET
- Accepted
- May 5, 6:11 PM ET
- Size
- 17.9 KB