4//SEC Filing
Ohlgart Christiane 4
Accession 0001415889-25-021077
CIK 0001262039other
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 6:21 PM ET
Size
11.3 KB
Accession
0001415889-25-021077
Insider Transaction Report
Form 4
Fortinet, Inc.FTNT
Ohlgart Christiane
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2025-08-01$97.36/sh−243$23,658→ 6,503 total - Sale
Common Stock
2025-08-05$98.45/sh−110$10,830→ 6,393 total - Exercise/Conversion
Common Stock
2025-08-01+684→ 6,746 total - Exercise/Conversion
Restricted Stock Units
2025-08-01−684→ 7,533 totalExercise: $0.00→ Common Stock (684 underlying)
Footnotes (6)
- [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 restricted stock units.
- [F3]The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2025.
- [F4]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F5]25% of the RSUs will vest on May 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.
- [F6]RSUs do not expire; they either vest or are canceled prior to the vesting date.
Documents
Issuer
Fortinet, Inc.
CIK 0001262039
Entity typeother
Related Parties
1- filerCIK 0002016813
Filing Metadata
- Form type
- 4
- Filed
- Aug 4, 8:00 PM ET
- Accepted
- Aug 5, 6:21 PM ET
- Size
- 11.3 KB