SEC Form 4 · accession 0001475586-26-000014
Fortinet, Inc. · FTNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Xie
Officer — VP, ENGINEERING & CTO · Director
Period of report
Jun 3, 2026
Accepted (ET)
Jun 3, 2026 · 6:38 pm EDT
Rule 10b5-1 plan
yes — trade under a plan
Issuer CIK
0001262039
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jun 3, 2026 | S | 464 | $144.458 | D | 9,927,053 | D | |
| Common StockF3 | Jun 3, 2026 | S | 410 | $145.7184 | D | 9,926,643 | D | |
| Common StockF4 | Jun 3, 2026 | S | 2,337 | $146.5502 | D | 9,924,306 | D | |
| Common StockF5 | Jun 3, 2026 | S | 564 | $147.7076 | D | 9,923,742 | D | |
| Common StockF6 | Jun 3, 2026 | S | 132 | $148.3009 | D | 9,923,610 | D | |
| Common StockF7 | holding | — | — | — | 25,680,202 | I | By trust | |
| Common StockF8 | holding | — | — | — | 5,513,505 | I | See footnote | |
| Common StockF9 | holding | — | — | — | 5,513,505 | I | See footnote | |
| Common StockF10 | holding | — | — | — | 4,646,144 | I | By trust | |
| Common StockF11 | holding | — | — | — | 4,646,144 | I | By trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 4, 2026.
- F10These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.
- F11These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.
- F2Represents the weighted average sale price. The lowest price at which shares were sold was $144.03 and the highest price at which shares were sold was $144.64. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (2) through (6) to this Form 4.
- F3Represents the weighted average sale price. The lowest price at which shares were sold was $145.10 and the highest price at which shares were sold was $146.07.
- F4Represents the weighted average sale price. The lowest price at which shares were sold was $146.14 and the highest price at which shares were sold was $147.03.
- F5Represents the weighted average sale price. The lowest price at which shares were sold was $147.23 and the highest price at which shares were sold was $147.99.
- F6Represents the weighted average sale price. The lowest price at which shares were sold was $148.28 and the highest price at which shares were sold was $148.31.
- F7These securities are held by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.
- F8Shares 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.
- F9Shares 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.