Form 144 lists RSUs and institutional sales for Fortinet (NASDAQ: FTNT)

Rhea-AI Filing Summary

Fortinet-related Form 144 filing reports planned and recent sales of Common stock by holders and an issuer registration of Restricted Stock Units. The record lists an issuer entry for 3,907 RSUs with a grant date of 02/01/2026 and multiple reported dispositions by institutional holders and a 10b5-1 sale for Michael Xie on 05/04/2026.

Insights

Securities Compliance Counsel

Form 144 lists planned/resolved sales and an RSU registration entry.

The filing records an issuer line showing 3,907 Restricted Stock Units dated 02/01/2026. Several institutional dispositions are reported with dates and share counts, and one entry is labeled a 10b5-1 sale for Michael Xie on 05/04/2026.

Cash‑flow treatment and buyer details are not stated; subsequent Form 4s or broker reports would show whether the sales were executed and the exact proceeds.

Key Figures

Restricted Stock Units: 3,907 shares Stanford sale: 23,530 shares Creative Center sale: 17,643 shares +2 more

5 metrics

Restricted Stock Units 3,907 shares grant date 02/01/2026, labeled Issuer

Stanford sale 23,530 shares sale date 03/04/2026 by The Board of Trustees of Leland Stanford Junior University

Creative Center sale 17,643 shares sale date 05/18/2026 by Creative Center of Los Altos dba Pinewood School

Michael Xie 10b5-1 sale 2,478 shares sale date 05/04/2026, labeled 10b5-1

UC Santa Cruz sale 4,546 shares sale date 05/19/2026 by UC Santa Cruz University Advancement

Key Terms

Form 144, Restricted Stock Units, 10b5-1

3 terms

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

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

"Common | 02/01/2026 | Restricted Stock Units"

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.

10b5-1 regulatory

"10b5-1 Sales for MICHAEL XIE"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

Relationship to Issuer

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	3907	581596.02	732648391	06/03/2026	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	02/01/2026	Restricted Stock Units	Issuer			3907	02/01/2026	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
UC Santa Cruz University Advancement 1156 High Street Santa Cruz CA 95060	Common	05/19/2026	4546	574647.59
President and Fellows of Harvard College PO Box 419209 Boston MA 02241	Common	05/19/2026	2034	257274.15
Creative Center of Los Altos dba Pinewood School 327 Fremont Ave Los Altos CA 94024	Common	05/18/2026	17643	2183144.82
UC Berkeley 1995 University Avenue Suite 400 Berkeley CA 94704	Common	05/18/2026	3941	212760.01
10b5-1 Sales for MICHAEL XIE 909 Kifer Road Sunnyvale CA 94086	Common	05/04/2026	2478	220282.31
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

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does FTNT Form 144 disclose about Restricted Stock Units?

It shows an issuer entry for 3,907 Restricted Stock Units with a grant/effective date of 02/01/2026. The line is labeled Restricted Stock Units and identified as Issuer in the record.

Which recent institutional sales are listed in the FTNT Form 144 excerpt?

The excerpt lists institutional dispositions including 23,530 shares on 03/04/2026 by Stanford Trustees and 17,643 shares on 05/18/2026 by Creative Center of Los Altos, with accompanying dollar amounts shown.

Is there an insider 10b5-1 sale reported for FTNT in this filing?

Yes. The excerpt records a 10b5-1 sale for Michael Xie dated 05/04/2026 for 2,478 shares with a corresponding dollar amount reported.

Does the Form 144 excerpt state proceeds or purchasers for the reported sales?

No. The excerpt lists share counts, dates, and dollar values for sales but does not specify purchasers or describe who received proceeds in these lines.