Fortinet director Ming Hsieh acquires 459 shares
Following the vesting, the director held 1,377 RSUs and 10,056 common shares directly.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Fortinet, Inc. director Ming Hsieh had 459 restricted stock units vest on September 30, 2026, and 459 common shares were delivered upon vesting. Following the transaction, he held 10,056 common shares directly and 1,377 RSUs. The vesting schedule is subject to his providing services to Fortinet on each vesting date.
Insider Trade Summary
459 shares exercised/converted
Exercise
6 txns
Insider
Hsieh Ming
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F6, F1, F7, F8 | 459 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 459 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,377 contracts (Direct);
Common Stock — 10,056 shares (Direct);
Common Stock — 53,275 shares (Indirect, By Trust)
Footnotes (8)
- F1. Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 12, 2026.
- 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. These securities are held by the Ming Hsieh Revocable Family Trust, of which the Reporting Person is a trustee.
- F6. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- F7. The RSUs will vest in substantially equal increments on each of September 30, 2026, December 31, 2026, March 31, 2027, and the earlier of (i) June 30, 2027 and (ii) the date immediately preceding the Issuer's 2027 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.
- F8. RSUs do not expire; they either vest or are canceled prior to vest date.
Key Figures
RSUs vested: 459 RSUs
Common shares acquired: 459 common shares
Direct common shares following transaction: 10,056 common shares
+1 more
4 metrics
RSUs vested
459 RSUs
September 30, 2026
Common shares acquired
459 common shares
Delivered upon vesting on September 30, 2026
Direct common shares following transaction
10,056 common shares
Ming Hsieh's reported direct holdings
RSUs following transaction
1,377 RSUs
Ming Hsieh's reported position following the vesting
Key Terms
restricted stock units, contingent right, vesting date, settlement
4 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.
contingent right financial
"Each RSU represents a contingent right to receive one share"
vesting date financial
"provision of services to the Issuer on each vesting date"
settlement financial
"one share of the Issuer's common stock upon settlement"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When were Ming Hsieh's FTNT RSUs scheduled to vest?
The RSUs were scheduled to vest in substantially equal increments on September 30, 2026, December 31, 2026, March 31, 2027, and the earlier of June 30, 2027 and the date immediately preceding Fortinet's 2027 annual meeting. Vesting is subject to Ming Hsieh providing services to Fortinet on each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
