SEC Form 4 · accession 0001302110-26-000024
Fortinet, Inc. · FTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ming Hsieh
Director
Period of report
Jun 11, 2026
Accepted (ET)
Jun 12, 2026 · 5:42 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001262039
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 11, 2026 | M | 650 | $0.00 | A | 9,597 | D | |
| Common StockF2 | holding | — | — | — | 53,082 | I | By Trust | |
| Common StockF3 | holding | — | — | — | 25 | I | By Trust | |
| Common StockF4 | holding | — | — | — | 25 | I | By Trust | |
| Common StockF5 | holding | — | — | — | 143 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F7,F8 | $0.00 | Jun 11, 2026 | M | 650 | D | — | — | Common Stock | 650 | 0 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2025.
- F2Securities held by The Ming Hsieh Trust (the "Hsieh Trust"). Mr. Hsieh is the trustee of the Hsieh Trust and possesses the sole voting and dispositive power with respect to securities held by the Hsieh Trust.
- F3These securities are held by the Pauline Hsieh Irrevocable Trust dated 05/12/04, of which the Reporting Person is a trustee.
- F4These securities are held by the Tiffany Hsieh Irrevocable Trust dated 05/12/04, of which the Reporting Person is a trustee.
- F5These securities are held by the Ming Hsieh Revocable Family Trust, of which the Reporting Person is a trustee.
- F6Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- F7The RSUs will vest in substantially equal increments on each of September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of (i) June 30, 2026 and (ii) the date immediately preceding the Issuer's 2026 annual meeting of stockholders, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting.
- F8RSUs do not expire; they either vest or are canceled prior to vest date
Remarks
The number of shares reported as directly owned by the Reporting Person has been adjusted in connection with a reconciliation to the Reporting Person's shareholdings as reflected in the records of the Issuer's transfer agent.