Fortinet SEC Filings

Jean X. Hu, a director of Fortinet, Inc. (FTNT), had 649 restricted stock units (RSUs) vest on 09/30/2025. The vesting converted to 649 shares of common stock at no cash price and increased the reporting person’s directly held common stock to 37,101 shares. The filing shows 649 RSUs settled into common shares and reports 1,948 derivative securities beneficially owned following the transaction. The RSUs were originally granted on 08/20/2025 and vest in substantially equal increments on 09/30/2025, 12/31/2025, 03/31/2026 and the earlier of 06/30/2026 or the date immediately before the issuer’s 2026 annual meeting, subject to continued service. RSUs do not expire and shares will be delivered following each vesting.

Fortinet, Inc. (FTNT) director Judith Sim reported the vesting and resulting acquisition of 649 shares on 09/30/2025 under previously granted restricted stock units (RSUs). Each RSU represents the contingent right to receive one share upon settlement, and the reported transaction shows a $0 price because the shares were delivered on vesting. Following this transaction, the reporting person beneficially owned 127,594 shares of Fortinet common stock and held a total of 1,948 RSU-derived share equivalents reported in the filing. The RSUs granted on 08/20/2025 vest in substantially equal increments on 09/30/2025, 12/31/2025, 03/31/2026, and the earlier of 06/30/2026 or the day before the 2026 annual meeting, subject to continued service; RSUs do not expire.

Kenneth A. Goldman, a director of Fortinet, Inc. (FTNT), reported the vesting and receipt of 649 restricted stock units that settled into 649 shares on 09/30/2025. After the reported transaction he beneficially owns 21,521 shares directly. He also reports indirect holdings of 20,750 shares through the Goldman-Valeriote Family Trust u/a/d 11/15/95 and 1,000 shares through GV Partners L.P.. The RSUs were granted on 08/20/2025 and the remaining RSUs vest in substantially equal increments on 12/31/2025, 03/31/2026, and the earlier of 06/30/2026 or the date before Fortinet's 2026 annual meeting, subject to continued service. Each RSU converts to one share on settlement and RSUs do not expire.

James G. Stavridis, a director of Fortinet, Inc. (FTNT), had 649 restricted stock units (RSUs) vest on 09/30/2025. Each RSU converts into one share of common stock upon settlement and the vesting was reported with a transaction code M indicating a gift or release from trust. The filing shows the RSUs settled at a price of $0 and increased the reporting person’s direct holdings to 15,241 shares of common stock after the non-derivative transaction. The Form 4 also lists the derivative detail that the vested RSUs correspond to 649 underlying shares and reflects 1,948 derivative securities beneficially owned following the reported transaction. The RSU schedule disclosed in the filing vests in substantially equal increments on 09/30/2025, 12/31/2025, 03/31/2026, and the earlier of 06/30/2026 or the date before the 2026 annual meeting, subject to continued service.

Fortinet, Inc. (FTNT) director Janet Napolitano had 649 restricted stock units (RSUs) vest on 09/30/2025, resulting in the acquisition of 649 shares of common stock at $0 per share. After the transaction, the reporting person beneficially owned 2,326 shares of common stock directly and held derivative interests equal to 1,948 RSUs remaining unvested or outstanding. The RSUs were granted on 08/20/2025 and vest in substantially equal increments on 09/30/2025, 12/31/2025, 03/31/2026, and the earlier of 06/30/2026 or the date before the 2026 annual meeting, subject to continued service. RSUs do not expire and shares will be delivered upon vesting.

Fortinet insider sales under 10b5-1 plan. Michael Xie, Fortinet VP, Engineering & CTO and a company director, reported sales of common stock on 09/08/2025 effected under a Rule 10b5-1 trading plan adopted 12/10/2024. The report shows two dispositions totaling 35,000 shares sold (5,000 and 30,000 shares) for weighted average prices of $97.70–$98.69 and $98.70–$99.33, respectively. Following the reported sales, two filings list his direct beneficial ownership at 9,725,560 and 9,695,560 shares. Several indirect holdings are disclosed across trusts and grantor retained annuity trusts, with amounts ranging from 5,513,505 to 19,825,614 shares.

Hsieh Ming, a director of Fortinet, Inc. (FTNT), was granted 2,597 restricted stock units (RSUs) on 08/20/2025. Each RSU represents a contingent right to one share of Fortinet common stock upon settlement and the RSUs carry a $0 per-share grant price. The RSUs vest in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and on the earlier of June 30, 2026 or the date immediately preceding Fortinet's 2026 annual meeting, provided the reporting person continues to provide services on each vesting date. RSUs do not expire and shares will be delivered following vesting.

Janet Napolitano, a director of Fortinet, Inc. (FTNT), was granted 2,597 restricted stock units (RSUs) on 08/20/2025. Each RSU converts to one share of common stock upon settlement and was reported as having a $0 purchase price. The RSUs vest in substantially equal increments on 09/30/2025, 12/31/2025, 03/31/2026 and the earlier of 06/30/2026 or the date immediately before Fortinet's 2026 annual meeting, provided Ms. Napolitano continues to provide services on each vesting date. Following vesting, shares will be delivered to the reporting person. The Form 4 was signed by Robert Turner by power of attorney on 08/21/2025.

Fortinet CFO received an equity award of 4,810 restricted stock units (RSUs) that convert one-for-one into common shares on settlement. The grant was reported as an acquisition on 08/20/2025 and is evidenced as 4,810 shares beneficially owned following the transaction. The RSUs vest 25% on May 1, 2026, with the remaining 75% vesting in equal quarterly installments thereafter, subject to continued service. The RSUs carry no exercise price and do not expire; shares will be delivered upon settlement once vested.