Fortinet (FTNT) CTO Michael Xie awarded 28,823 performance stock units on targets

Rhea-AI Filing Summary

Fortinet, Inc. director and executive Michael Xie reported the acquisition of 28,823 performance stock units (PSUs) on January 16, 2026. These PSUs were earned based on the achievement of performance criteria for a performance period that ended on December 31, 2025, as certified by the HR Committee of Fortinet’s board. Each PSU represents a contingent right to receive one share of Fortinet common stock. All 28,823 PSUs are scheduled to vest and settle on February 1, 2026, provided Xie continues to provide service to the company through that date, at which time the corresponding shares will be delivered. The PSUs do not have an expiration date; they either vest in full on the vesting date or are canceled if vesting conditions are not met.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Xie Michael

Role VP, ENGINEERING & CTO

Type	Security	Shares	Price	Value
Grant/Award	Performance Stock Units	28,823	$0.00	--

Holdings After Transaction: Performance Stock Units — 28,823 shares (Direct)

Footnotes (1)

1. Represents performance stock units ("PSUs") earned as a result of the achievement of performance criteria pursuant to performance-based PSU awards with a performance period that ended on December 31, 2025, as certified by the HR Committee of the Issuer's Board of Directors on January 16, 2026. Each PSU represents a contingent right to receive one share of the Issuer's common stock. 100% of the PSUs vest and settle on February 1, 2026, subject to the Reporting Person's provision of service to the Issuer on such date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement. PSUs do not expire; they either vest or are canceled prior to the vesting date.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Xie Michael

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, ENGINEERING & CTO

3. Date of Earliest Transaction (Month/Day/Year)
01/16/2026

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
Performance Stock Units(1)	$0(2)	01/16/2026		A		28,823		(3)	(4)	Common Stock	28,823	$0	28,823	D

Explanation of Responses:

1. Represents performance stock units ("PSUs") earned as a result of the achievement of performance criteria pursuant to performance-based PSU awards with a performance period that ended on December 31, 2025, as certified by the HR Committee of the Issuer's Board of Directors on January 16, 2026.

2. Each PSU represents a contingent right to receive one share of the Issuer's common stock.

3. 100% of the PSUs vest and settle on February 1, 2026, subject to the Reporting Person's provision of service to the Issuer on such date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.

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

	/s/ Robert Turner, by power of attorney	01/20/2026
	** 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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