Fortinet (FTNT) CFO awarded 12,528 RSUs with 2027 vesting start

Rhea-AI Filing Summary

Fortinet, Inc. reported that Chief Financial Officer Christiane Ohlgart acquired 12,528 restricted stock units (RSUs) as an equity award. Each RSU represents a contingent right to receive one share of Fortinet common stock. 25% of the RSUs will vest on February 1, 2027, with the remaining 75% vesting in equal quarterly installments thereafter, as long as she continues providing service. The RSUs do not expire; they will either vest or be canceled before vesting.

SEC Form 4

FORM 4

UNITED 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

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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^*

Ohlgart Christiane

(Last) (First) (Middle)

C/O FORTINET, INC.

909 KIFER ROAD

(Street)

SUNNYVALE CA 94086

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Fortinet, Inc. [ FTNT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	02/20/2026		A		12,528		(2)	(3)	Common Stock	12,528	$0	12,528	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

2. 25% of the RSUs will vest on February 1, 2027, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.

3. RSUs do not expire; they either vest or are canceled prior to the vesting date.

	/s/ Robert Turner, by power of attorney	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Fortinet (FTNT) disclose for its CFO?

Fortinet disclosed that its Chief Financial Officer, Christiane Ohlgart, received a grant of 12,528 restricted stock units. These RSUs are a form of equity compensation that convert into Fortinet common shares only as they vest over time, subject to continued service.

How many restricted stock units were granted to the Fortinet (FTNT) CFO?

Christiane Ohlgart was granted 12,528 restricted stock units. Each RSU gives her a contingent right to receive one share of Fortinet common stock if vesting conditions are satisfied, aligning part of her compensation with the company’s future share performance.

What is the vesting schedule for the Fortinet (FTNT) CFO’s 12,528 RSUs?

For this award, 25% of the RSUs will vest on February 1, 2027. The remaining 75% will vest in equal installments on each quarterly anniversary after that date, so long as she continues serving Fortinet on each vesting date.

Do the Fortinet (FTNT) CFO’s restricted stock units ever expire?

The restricted stock units do not have an expiration date. According to the disclosure, the RSUs will either vest according to the schedule or be canceled before their vesting dates, depending on whether the vesting conditions continue to be met.

When will Fortinet (FTNT) deliver shares for the CFO’s RSU grant?

Fortinet will deliver shares of its common stock to Christiane Ohlgart upon settlement of the vested RSUs. This means shares are issued only after each portion of the award vests under the schedule, not at the time of the original RSU grant.

Is the Fortinet (FTNT) CFO’s RSU grant a purchase or a compensation award?

The RSU transaction is described as a grant or award acquisition, not a market purchase. The Form 4 identifies it as a grant of restricted stock units provided as part of compensation, with no price per share and vesting conditions attached.