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Fortinet (FTNT) director Hu gains 650 shares as RSUs vest

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Fortinet director Jean X. Hu acquired 650 shares of common stock through the vesting of restricted stock units (RSUs). The RSUs, each representing a contingent right to one common share, vested as part of a grant awarded on August 20, 2025. Following this vesting and settlement, Hu directly holds 39,049 shares of Fortinet common stock.

Positive

  • None.

Negative

  • None.
Insider Hu Jean X.
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 650 $0.00 --
Exercise Common Stock 650 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 39,049 shares (Direct, null)
Footnotes (1)
  1. Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. 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. RSUs do not expire; they either vest or are canceled prior to vest date
Shares acquired via RSU vesting 650 shares Common stock received from vested restricted stock units
Shares held after transaction 39,049 shares Direct Fortinet common stock ownership after RSU settlement
RSU grant date August 20, 2025 Grant date for RSUs that later vested into common shares
RSU vesting structure 4 installments Substantially equal vesting on 9/30/2025, 12/31/2025, 3/31/2026, and June 2026-linked date
Restricted Stock Units financial
"security_title: "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.
contingent right financial
"Each RSU represents a contingent right to receive one share"
vest financial
"The RSUs will vest in substantially equal increments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hu Jean X.
(Last)(First)(Middle)
C/O FORTINET, INC.
909 KIFER ROAD
(Street)
SUNNYVALE CALIFORNIA 94086
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Fortinet, Inc. [ FTNT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/11/2026M(1)650A$039,049D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(2)06/11/2026M(1)650 (3) (4)Common Stock650$00D
Explanation of Responses:
1. Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2025.
2. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
3. 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.
4. RSUs do not expire; they either vest or are canceled prior to vest date
/s/ Robert Turner, by power of attorney06/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Fortinet (FTNT) director Jean X. Hu report?

Jean X. Hu reported acquiring 650 shares of Fortinet common stock through vesting of restricted stock units. These RSUs converted into common shares and were delivered after vesting, increasing Hu’s direct ownership to 39,049 Fortinet shares according to the Form 4 filing.

How many Fortinet (FTNT) shares does Jean X. Hu hold after this Form 4?

After the reported transaction, Jean X. Hu directly holds 39,049 shares of Fortinet common stock. This reflects the addition of 650 shares received upon settlement of vested restricted stock units described in the Form 4 insider trading report filed with regulators.

What type of securities were involved in Jean X. Hu’s Fortinet (FTNT) transaction?

The transaction involved restricted stock units (RSUs) that convert into Fortinet common stock. Each RSU represents a contingent right to receive one share upon settlement, and 650 RSUs vested and were settled into 650 common shares for director Jean X. Hu.

Was Jean X. Hu’s Fortinet (FTNT) Form 4 a purchase or an RSU vesting?

The Form 4 reflects an RSU vesting and derivative exercise, not an open-market purchase. Jean X. Hu acquired 650 Fortinet shares when previously granted restricted stock units vested and settled into common stock under the company’s equity compensation arrangements.

What are the key terms of Jean X. Hu’s Fortinet (FTNT) RSU grant?

The RSUs were granted on August 20, 2025 and vest in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and a June 2026 vesting date tied to the 2026 annual meeting, subject to continued service to Fortinet.