Fortinet director exercises 649 RSUs
Hsieh Ming reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Hsieh Ming reported acquisition or exercise transactions in this Form 4 filing.
Fortinet, Inc. director Ming Hsieh reported the vesting and settlement of 649 restricted stock units (RSUs) into an equal number of shares of common stock on March 31, 2026. These RSUs come from a grant made on August 20, 2025 that vests in several scheduled installments.
After this vesting event, Hsieh directly holds 8,952 shares of Fortinet common stock. He also has indirect holdings through trusts, including The Ming Hsieh Trust, where he has sole voting and dispositive power, and the Pauline and Tiffany Hsieh Irrevocable Trusts, where he serves as trustee.
Insider Trade Summary
649 shares exercised/converted
Exercise
5 txns
Insider
Hsieh Ming
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 649 | $0.00 | $0.00 |
| Exercise | Common Stock | 649 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 650 contracts (Direct);
Common Stock — 8,952 shares (Direct);
Common Stock — 53,132 shares (Indirect, By Trust)
Footnotes (7)
- F1. Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2025.
- F2. Securities held by The Ming Hsieh Trust (the "Hsieh Trust"). Mr. Hsieh is the trustee of the Hsieh Trust and possesses the sole voting and dispositive power with respect to securities held by the Hsieh Trust.
- F3. These securities are held by the Pauline Hsieh Irrevocable Trust dated 05/12/04, of which the Reporting Person is a trustee.
- F4. These securities are held by the Tiffany Hsieh Irrevocable Trust dated 05/12/04, of which the Reporting Person is a trustee.
- F5. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- F6. 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.
- F7. RSUs do not expire; they either vest or are canceled prior to vest date
Key Figures
RSUs vested: 649 RSUs
Exercise price: $0.00 per share
Direct common shares after transaction: 8,952 shares
+2 more
5 metrics
RSUs vested
649 RSUs
Converted into 649 common shares on March 31, 2026
Exercise price
$0.00 per share
RSU conversion price for 649 common shares
Direct common shares after transaction
8,952 shares
Direct ownership following March 31, 2026 RSU vesting
Trust holding – Ming Hsieh Trust
53,082 shares
Indirect common stock held by The Ming Hsieh Trust
Trust holdings – Pauline and Tiffany trusts
25 shares each
Indirect common stock in each irrevocable trust
Key Terms
Restricted Stock Units, RSUs, voting and dispositive power, Irrevocable Trust, +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.
RSUs financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
voting and dispositive power financial
"possesses the sole voting and dispositive power with respect to securities held by the Hsieh Trust"
Irrevocable Trust financial
"the Pauline Hsieh Irrevocable Trust dated 05/12/04, of which the Reporting Person is a trustee"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
derivative security financial
"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 Ming Hsieh report at Fortinet (FTNT)?
Ming Hsieh reported the vesting of 649 RSUs into common shares. On March 31, 2026, 649 restricted stock units converted into 649 Fortinet common shares at a $0.00 exercise price as part of a previously granted equity award.
What is the origin and vesting schedule of Ming Hsieh’s RSUs at Fortinet (FTNT)?
The 649 RSUs vesting on March 31, 2026 come from an August 20, 2025 grant. That grant vests in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and a final date in 2026, subject to continued service.
At what price were Ming Hsieh’s Fortinet (FTNT) RSUs exercised or converted?
The 649 RSUs converted into common shares at an exercise price of $0.00. Each restricted stock unit represents a contingent right to receive one share of Fortinet common stock upon vesting and settlement, without any cash exercise cost.
What indirect Fortinet (FTNT) holdings does Ming Hsieh report through trusts?
Ming Hsieh reports indirect Fortinet holdings through several trusts. These include The Ming Hsieh Trust, where he has sole voting and dispositive power, and the Pauline and Tiffany Hsieh Irrevocable Trusts, where he serves as trustee holding additional common stock positions.
Do Ming Hsieh’s RSUs at Fortinet (FTNT) have an expiration date?
The RSUs do not have a traditional expiration date. According to the disclosure, Fortinet’s restricted stock units either vest on scheduled vesting dates, delivering common shares, or are canceled if vesting conditions are not satisfied before those dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
