Fortinet (NASDAQ: FTNT) insider plans sale of 161,482 shares in Form 144

Rhea-AI Filing Summary

An affiliate of FTNT has filed to sell common stock, including 155,000 shares issuable from an exercise of stock options dated 08/03/2026 and 6,482 shares from restricted stock units dated 08/01/2026. The filing also lists several prior charitable or institutional sales over the past three months, some designated as Rule 10b5-1 sales for Ken Qing Xie.

Key Figures

Shares from stock option exercise: 155000 shares Shares from restricted stock units: 6482 shares Planned total shares with broker: 161482 shares +4 more

7 metrics

Shares from stock option exercise 155000 shares Common stock tied to exercise of stock options dated 08/03/2026 listed as securities to be sold

Shares from restricted stock units 6482 shares Common stock from restricted stock units dated 08/01/2026 listed as securities to be sold

Planned total shares with broker 161482 shares Total common shares referenced with Morgan Stanley Smith Barney LLC Executive Financial Services

Past 10b5-1 sale on 06/02/2026 160632 shares; $23385054.67 Rule 10b5-1 sale of FTNT common stock for Ken Qing Xie on 06/02/2026

Past 10b5-1 sale on 05/04/2026 5355 shares; $476033.80 Rule 10b5-1 sale of FTNT common stock for Ken Qing Xie on 05/04/2026

Sale to American Junior Golf Association 910 shares; $132597.92 FTNT common stock transaction dated 06/16/2026

Sale to Pinewood School 17643 shares; $2183144.82 FTNT common stock transaction to Creative Center of Los Altos dba Pinewood School on 05/18/2026

Key Terms

Exercise of Stock Options, Restricted Stock Units, 10b5-1 Sales, Form 144, +1 more

5 terms

Exercise of Stock Options financial

"Common | 08/03/2026 | Exercise of Stock Options | Issuer"

Restricted Stock Units financial

"Common | 08/01/2026 | Restricted Stock Units | Issuer"

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 Sales regulatory

"10b5-1 Sales for KEN QING XIE 909 Kifer Road Sunnyvale CA 94086"

10b5-1 sales are pre-arranged stock-trading plans that let company insiders automatically buy or sell shares according to a fixed schedule or formula, even if they later learn confidential information. Think of it as setting up an automatic thermostat for trades: it creates a clear, documented path that can protect insiders from insider-trading accusations and gives investors a signal about predictable insider activity—though it can also simply be a way for insiders to diversify or raise cash.

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.

Executive Financial Services financial

"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

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

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Available on EDGAR 08/03/2026 - 04:37 PM Accepted by SEC EDGAR 08/03/2026 - 04:37 PM Learn about SEC filing dates

FAQ

What does the FTNT Form 144 filing disclose about planned stock sales?

The filing discloses plans to sell 155,000 FTNT common shares from an exercise of stock options on 08/03/2026 and 6,482 shares from restricted stock units dated 08/01/2026, all through a brokerage account at Morgan Stanley Smith Barney LLC.

How many FTNT shares are tied to stock option exercises in this Form 144?

The Form 144 shows 155,000 FTNT common shares associated with an exercise of stock options dated 08/03/2026. These shares are listed under securities to be sold, indicating they may be sold after the option exercise.

How many FTNT shares from restricted stock units are included in the Form 144?

The filing lists 6,482 FTNT common shares related to restricted stock units dated 08/01/2026 under securities to be sold. This indicates potential sales of shares delivered from RSU awards.

What prior FTNT stock sales are reported for the past three months?

The Form 144 lists several prior FTNT common stock sales, including 160,632 shares for about $23,385,054.67 and 5,355 shares for about $476,033.80 designated as 10b5-1 sales for Ken Qing Xie, plus smaller sales to universities and charities.

What are Rule 10b5-1 sales mentioned in the FTNT Form 144?

The filing notes certain transactions as "10b5-1 Sales for Ken Qing Xie". These indicate prior FTNT share sales executed under a Rule 10b5-1 trading plan, including trades on 06/02/2026 and 05/04/2026 with specified share amounts and proceeds.

Which institutions and charities received FTNT shares according to this Form 144?

The document lists FTNT common stock transfers or sales involving American Junior Golf Association, UC Santa Cruz University Advancement, President and Fellows of Harvard College, Creative Center of Los Altos dba Pinewood School, and UC Berkeley, each with stated share counts and amounts.

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	161482	26152009.90	733713653	08/03/2026	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	08/03/2026	Exercise of Stock Options	Issuer			155000	08/03/2026	Cash
Common	08/01/2026	Restricted Stock Units	Issuer			6482	08/01/2026	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
American Junior Golf Association 1980 Sports Club Drive Braselton GA 30517	Common	06/16/2026	910	132597.92
10b5-1 Sales for KEN QING XIE 909 Kifer Road Sunnyvale CA 94086	Common	06/02/2026	160632	23385054.67
UC Santa Cruz University Advancement 1600 SW 4th Ave #730, Portland OR 97201	Common	05/20/2026	65	8216.47
UC Santa Cruz University Advancement 1600 SW 4th Ave #730, Portland OR 97201	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 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)