Director at Fortinet (NASDAQ: FTNT) receives shares through RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortinet director Kenneth A. Goldman reported the vesting of 649 Restricted Stock Units on March 31, 2026, converting into 649 shares of Fortinet common stock at a stated price of $0.00 per share. These RSUs were granted on August 20, 2025 and are scheduled to vest in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of June 30, 2026 or the date immediately preceding Fortinet’s 2026 annual meeting of stockholders, subject to continued service. After this vesting, Goldman directly holds 22,819 shares of common stock. He also has indirect interests in 20,750 shares held by the Goldman‑Valeriote Family Trust, where he is a trustee and may be deemed to have voting and dispositive power but disclaims beneficial ownership except for his pecuniary interest, and 1,000 shares held by GV Partners L.P., a family limited partnership for which he is the managing member. The filing shows no open‑market purchases or sales, only routine equity compensation vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
649 shares exercised/converted
Mixed
4 txns
Insider
GOLDMAN KENNETH A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 649 | $0.00 | -- |
| Exercise | Common Stock | 649 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 650 shares (Direct);
Common Stock — 22,819 shares (Direct);
Common Stock — 20,750 shares (Indirect, By Goldman-Valeriote Family Trust u/a/d 11/15/95)
Footnotes (1)
- Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2025. 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. GV Partners L.P. is a family limited partnership of which the Reporting Person is the managing member. 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
Key Figures
RSUs vested: 649 units
Direct common shares after transaction: 22,819 shares
Trust-held shares: 20,750 shares
+3 more
6 metrics
RSUs vested
649 units
Vesting and conversion into common stock on March 31, 2026
Direct common shares after transaction
22,819 shares
Post‑transaction direct holdings reported for Kenneth A. Goldman
Trust-held shares
20,750 shares
Common stock held by Goldman‑Valeriote Family Trust
Partnership-held shares
1,000 shares
Common stock held by GV Partners L.P.
Exercise price of RSUs
$0.00 per share
Stated transaction price per share for RSU conversion
RSU grant date
August 20, 2025
Grant date of the restricted stock units that vested
Key Terms
Restricted Stock Units, pecuniary interest, dispositive power, family limited partnership, +1 more
5 terms
Restricted Stock Units financial
"Vesting of restricted stock units ("RSUs") granted to the Reporting Person"
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.
pecuniary interest financial
"disclaims beneficial ownership of the shares held by the Trust except to the extent of his pecuniary interest therein"
dispositive power financial
"may be deemed to have voting and dispositive power with regard to the shares held by the Trust"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
family limited partnership financial
"GV Partners L.P. is a family limited partnership of which the Reporting Person is the managing member"
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement"
FAQ
What did Fortinet (FTNT) director Kenneth A. Goldman report in this Form 4?
Kenneth A. Goldman reported the vesting of 649 restricted stock units into 649 shares of Fortinet common stock. This reflects routine equity compensation rather than an open‑market trade, and increases his directly held common stock position at the company.
How do the reported RSUs for Fortinet (FTNT) vest over time?
The RSUs granted on August 20, 2025 vest in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of June 30, 2026 or the date immediately before Fortinet’s 2026 annual stockholder meeting, contingent on continued service.