FTNT (NASDAQ) Form 144: 155,000 shares from option exercise; May institutional sales listed

Rhea-AI Filing Summary

FTNT submitted Form 144 notices reporting the proposed sale of 155,000 shares of common stock tied to an exercise of stock options, dated 06/02/2026. The filing also lists 5,632 restricted stock units dated 02/01/2026 and multiple recent institutional sales in May 2026.

The excerpt lists institutional dispositions: President and Fellows of Harvard College sold 2,034 shares on 05/19/2026 for $257,274.15, Creative Center of Los Altos sold 17,643 shares on 05/18/2026 for $2,183,144.82, UC Berkeley sold 3,941 shares on 05/18/2026 for $212,760.01, and a 10b5-1 sale by an individual shows 5,355 shares on 05/04/2026 for $476,033.80.

Insights

Securities Compliance

Form 144 notice filed for option exercise and RSUs; multiple institutional sales recorded.

The filing records a proposed sale of 155,000 shares from an exercise of stock options dated 06/02/2026 and 5,632 RSUs dated 02/01/2026. These entries are procedural notices under Rule 144 for planned or qualifying sales.

Institutional sales in May 2026 are itemized with share counts and proceeds. Cash‑flow treatment and whether the company receives proceeds are not specified in the excerpt; subsequent filings would state proceeds treatment if relevant.

Investor Relations

Notable block sizes and dollar proceeds shown for several institutional sellers in May 2026.

The excerpt lists specific dispositions: 17,643 shares for $2,183,144.82 and other institutional sales with exact proceeds and dates in May 2026. These are factual disclosures of past transactions rather than corporate actions.

Timing and intent (e.g., programmatic selling versus discretionary) are not described here; further filings or broker reports would clarify whether these are routine rebalancings or other actions.

Key Figures

Proposed sale (options): 155,000 shares Restricted Stock Units: 5,632 shares Institutional sale - Creative Center of Los Altos: 17,643 shares +3 more

6 metrics

Proposed sale (options) 155,000 shares Exercise of Stock Options dated 06/02/2026

Restricted Stock Units 5,632 shares Restricted Stock Units dated 02/01/2026

Institutional sale - Creative Center of Los Altos 17,643 shares Sold 05/18/2026 for <money>$2,183,144.82</money>

Institutional sale - Harvard 2,034 shares Sold 05/19/2026 for <money>$257,274.15</money>

10b5-1 sale (individual) 5,355 shares Sold 05/04/2026 for <money>$476,033.80</money>

Institutional sale - UC Berkeley 3,941 shares Sold 05/18/2026 for <money>$212,760.01</money>

Key Terms

Rule 144, 10b5-1, Restricted Stock Units, Exercise of Stock Options

4 terms

Rule 144 regulatory

"144: Securities To Be Sold"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

10b5-1 regulatory

"10b5-1 Sales for KEN QING XIE 909 Kifer Road"

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.

Restricted Stock Units financial

"Restricted Stock Units | Issuer | 5632 | 02/01/2026"

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.

Exercise of Stock Options financial

"Exercise of Stock Options | Issuer | 155000 | 06/02/2026"

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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	160632	23635392.48	732648391	06/02/2026	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	06/02/2026	Exercise of Stock Options	Issuer			155000	06/02/2026	Cash
Common	02/01/2026	Restricted Stock Units	Issuer			5632	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
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 KEN QING XIE 909 Kifer Road Sunnyvale CA 94086	Common	05/04/2026	5355	476033.80

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's Form 144 report?

The Form 144 reports a proposed sale of 155,000 shares from an exercise of stock options dated 06/02/2026. It also lists 5,632 restricted stock units dated 02/01/2026 and recent institutional dispositions in May 2026.

Who sold shares in May 2026 according to the excerpt?

The excerpt shows institutional sellers: President and Fellows of Harvard College (2,034 shares), Creative Center of Los Altos (17,643 shares), and UC Berkeley (3,941 shares), with sale dates in May 2026 and stated proceeds.

Are the dollar proceeds from recent sales disclosed?

Yes. The excerpt lists proceeds: for example, $2,183,144.82 for 17,643 shares and $476,033.80 for a 10b5-1 sale of 5,355 shares. Each sale row pairs share counts with proceeds and a sale date in May 2026.

Does the filing state who receives the sale proceeds?

The provided excerpt does not state the recipient of proceeds for the proposed 155,000-share sale. The listed institutional sales include proceeds amounts, but the filing does not specify whether proceeds go to the issuer or selling holders in these lines.