Stanford trustee files Form 144 to sell FTNT shares

The Board of Trustees of Leland Stanford Junior University reported proposed and recent sales of Fortinet common stock under a Form 144 notice.

Rhea-AI Filing Summary

The Board of Trustees of Leland Stanford Junior University reported proposed and recent sales of Fortinet common stock under a Form 144 notice. The filing lists 2,478 Restricted Stock Units with a 05/01/2026 date and shows the trustee sold 23,530 common shares on 03/04/2026 with proceeds of $1,955,157.11.

Insights

Securities Counsel

Form 144 records a trustee's resale notice and recent disposition of FTNT shares.

Section 144 notices are routine compliance filings that disclose proposed resale by affiliates or insiders. The entry lists $1,955,157.11 tied to 03/04/2026 and a count of 23,530 shares sold in the prior three months.

Timing and mechanics of any future sales depend on applicable Rule 144 conditions and broker handling; subsequent filings will show completed transactions or further notices.

Key Figures

Restricted Stock Units: 2,478 shares Shares sold (past 3 months): 23,530 shares Proceeds reported: $1,955,157.11

3 metrics

Restricted Stock Units 2,478 shares listed with date 05/01/2026

Shares sold (past 3 months) 23,530 shares sale dated 03/04/2026 by trustee

Proceeds reported $1,955,157.11 value tied to 23,530-share sale on 03/04/2026

Key Terms

Form 144, Restricted Stock Units, Issuer

3 terms

Form 144 regulatory

"Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Restricted Stock Units financial

"Securities To Be Sold | Restricted Stock Units | 2478"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Issuer regulatory

"Securities To Be Sold | Issuer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the FTNT Form 144 filing disclose?

It discloses a trustee resale notice listing 2,478 Restricted Stock Units dated 05/01/2026, and a prior sale of 23,530 shares on 03/04/2026 generating $1,955,157.11.

Who is the selling party in the FTNT Form 144?

The filing names The Board of Trustees of the Leland Stanford Junior University as the selling holder. The trustee is listed as the party associated with the prior sale of 23,530 shares.

What securities are listed for sale in the FTNT filing?

The filing lists Common stock and specifically references Restricted Stock Units totaling 2,478 with a 05/01/2026 date, indicating the type and grant date of the securities involved.

How much did the trustee receive from the recent sale?

The trustee's reported sale of 23,530 shares on 03/04/2026 shows proceeds of $1,955,157.11, as listed in the filing's past-three-months sales table.

Does this Form 144 indicate future sales will occur?

The Form 144 is a notice of proposed resale; it lists securities and timing but does not itself confirm future sales. Subsequent SEC notices or broker reports would show completed transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/04/2026 - 04:27 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001475586
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	FORTINET, INC.
SEC File Number	001-34511
Address of Issuer	909 Kifer Road Sunnyvale CALIFORNIA 94086
Phone	4082357700
Name of Person for Whose Account the Securities are To Be Sold	MICHAEL XIE
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	2478	213826.62	739923583	05/04/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/01/2026	Restricted Stock Units	Issuer			2478	05/01/2026	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY 326 Galvez Street Stanford CA 94305	Common	03/04/2026	23530	1955157.11

144: Remarks and Signature

Remarks
Date of Notice	05/04/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	12/10/2024
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Michael Xie
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)