Fortinet director gains 650 shares via RSU vesting
Fortinet director Kenneth A. Goldman acquired 650 shares of common stock through the vesting of restricted stock units.
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Form Type
4
Rhea-AI Filing Summary
Fortinet director Kenneth A. Goldman acquired 650 shares of common stock through the vesting of restricted stock units. These RSUs converted into common shares at a stated price of $0.00 per share. After this transaction, he holds 23,469 shares of Fortinet common stock directly.
In addition to his direct holdings, filings show 1,000 shares held indirectly through GV Partners L.P., a family limited partnership where he is the managing member, and 19,250 shares held indirectly through the Goldman-Valeriote Family Trust. As trustee, he may be deemed to have voting and dispositive power over the trust shares but disclaims beneficial ownership except for his pecuniary interest.
Insider Trade Summary
650 shares exercised/converted
Exercise
4 txns
Insider
GOLDMAN KENNETH A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 650 | $0.00 | $0.00 |
| Exercise | Common Stock | 650 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 23,469 shares (Direct);
Common Stock — 19,250 shares (Indirect, By Goldman-Valeriote Family Trust u/a/d 11/15/95);
Common Stock — 1,000 shares (Indirect, By GV Partners L.P.)
Footnotes (6)
- F1. Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2025.
- F2. The Reporting Person is a trustee of the Trust and may be deemed to have voting and dispositive power with regard to the shares held by the Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Trust except to the extent of his pecuniary interest therein.
- F3. GV Partners L.P. is a family limited partnership of which the Reporting Person is the managing member.
- F4. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- F5. The RSUs will vest in substantially equal increments on each of September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of (i) June 30, 2026 and (ii) the date immediately preceding the Issuer's 2026 annual meeting of stockholders, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting.
- F6. RSUs do not expire; they either vest or are canceled prior to vest date
Key Figures
RSU shares vested: 650 shares
Direct holdings after transaction: 23,469 shares
Indirect holdings via GV Partners L.P.: 1,000 shares
+2 more
5 metrics
RSU shares vested
650 shares
Restricted Stock Units converting to common stock at $0.00 per share
Direct holdings after transaction
23,469 shares
Fortinet common stock held directly by Kenneth A. Goldman
Indirect holdings via GV Partners L.P.
1,000 shares
Common stock held indirectly through family limited partnership
Indirect holdings via family trust
19,250 shares
Common stock held by Goldman-Valeriote Family Trust
Exercise/vesting transactions
2 acquire-type entries
Form 4 summary shows two acquire transactions, including one derivative exercise
Key Terms
Restricted Stock Units, family limited partnership, pecuniary interest, trustee, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote describing RSUs"
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.
family limited partnership financial
"GV Partners L.P. is a family limited partnership of which the Reporting Person is the managing member"
pecuniary interest financial
"disclaims beneficial ownership of the shares held by the Trust except to the extent of his pecuniary interest therein"
trustee financial
"The Reporting Person is a trustee of the Trust and may be deemed to have voting and dispositive power"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Kenneth Goldman report at Fortinet (FTNT)?
Kenneth A. Goldman reported acquiring 650 Fortinet shares through RSU vesting. Restricted stock units converted into common stock at a stated price of $0.00 per share, increasing his directly held Fortinet common stock position while involving no open-market purchase or sale.
What indirect Fortinet (FTNT) holdings are reported for Kenneth Goldman?
The filing shows two sources of indirect holdings for Kenneth Goldman. It reports 1,000 shares held through GV Partners L.P., a family limited partnership, and 19,250 shares held through the Goldman-Valeriote Family Trust, where he serves as trustee with certain voting and dispositive powers.
What are the terms of Kenneth Goldman’s Fortinet restricted stock units (RSUs)?
Each RSU represents a contingent right to receive one Fortinet share. A footnote explains that RSUs either vest or are canceled before vesting, and upon vesting, shares of Fortinet common stock are delivered to the reporting person in settlement of those units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
