Fortinet (NASDAQ: FN) insider files Form 144 to sell 2,200 shares on NYSE
Rhea-AI Filing Summary
FN filed a notice of proposed sale of restricted shares under Rule 144. The seller plans to sell 2,200 shares of common stock through Morgan Stanley Smith Barney LLC on or around 12/04/2025 on the NYSE. These shares have an aggregate market value of $1,021,111.30 based on the pricing used in the notice, compared with 35,827,210 shares of the issuer’s stock outstanding. The securities were originally acquired on 01/01/2016 as restricted stock vesting under a registered plan in payment for services rendered.
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FAQ
What does Fortinet (FN) disclose in this Form 144 filing?
The filing reports a proposed Rule 144 sale of 2,200 shares of FN common stock, with an aggregate market value of $1,021,111.30, to be sold through Morgan Stanley Smith Barney LLC on the NYSE.
When were the FN shares being sold under Form 144 originally acquired?
The 2,200 shares were acquired on 01/01/2016 as restricted stock vesting under a registered plan, provided by the issuer in exchange for services rendered.
How many Fortinet (FN) shares are outstanding according to this Form 144?
The notice states that 35,827,210 shares of the issuer’s common stock were outstanding at the time of the filing, providing context for the proposed sale size.
Which broker is handling the FN Rule 144 stock sale?
The proposed sale of 2,200 FN shares is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York.
When is the approximate sale date for the FN shares under this Form 144?
The notice lists an approximate sale date of 12/04/2025 for the planned sale of the 2,200 FN common shares on the NYSE.
What type of transaction led to the issuance of the FN shares being sold?
The shares were issued through restricted stock vesting under a registered plan, with consideration described as services rendered to the issuer.