STOCK TITAN

Fortinet (FTNT) grants director Judith Sim 1,836 restricted stock units

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Sim Judith reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc. director Judith Sim received a grant of 1,836 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Fortinet common stock upon settlement. The RSUs vest in four substantially equal installments on September 30, 2026, December 31, 2026, March 31, 2027, and the earlier of June 30, 2027 or the date immediately preceding Fortinet’s 2027 annual meeting of stockholders, subject to continued service. RSUs do not expire; they either vest or are canceled before vesting. Following this grant, Sim holds 1,836 RSUs directly.

Positive

  • None.

Negative

  • None.
Insider Sim Judith
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units F1, F2, F3 1,836 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 1,836 shares (Direct)
Footnotes (3)
  1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement.
  2. F2. 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.
  3. F3. RSUs do not expire; they either vest or are canceled prior to vest date
RSUs Granted 1,836 Restricted Stock Units granted to Judith Sim on 2026-08-12
Underlying Shares 1,836 Shares of Fortinet common stock underlying the RSUs
Holdings After Grant 1,836 Total Restricted Stock Units held directly by Judith Sim after the transaction
First Vesting Date September 30, 2026 First scheduled vesting date for the RSU grant
Final Vesting Outside Date June 30, 2027 Latest possible vesting date, or earlier date before the 2027 annual meeting
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right"
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
"represents a contingent right to receive one share of the Issuer's common stock"
vest financial
"The RSUs will vest in substantially equal increments on each of September 30, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
canceled prior to vest date financial
"RSUs do not expire; they either vest or are canceled prior to vest date"

FAQ

What equity award did Fortinet (FTNT) director Judith Sim receive?

Judith Sim received a grant of 1,836 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Fortinet common stock upon settlement, subject to the vesting schedule and continued service conditions.

How many Fortinet (FTNT) shares underlie Judith Sim’s new RSU grant?

The new award covers 1,836 underlying shares of Fortinet common stock. Each RSU corresponds to one share that will be delivered after vesting, provided the service conditions are satisfied on each vesting date.

What is the vesting schedule for Judith Sim’s Fortinet (FTNT) RSUs?

The 1,836 RSUs vest in substantially equal increments on September 30, 2026, December 31, 2026, March 31, 2027, and the earlier of June 30, 2027 or the date immediately preceding Fortinet’s 2027 annual meeting, subject to continued service.

Do Judith Sim’s Fortinet (FTNT) RSUs have an expiration date?

No, the RSUs do not expire. According to the terms, they either vest according to the schedule or are canceled prior to the vesting date if the applicable conditions are not met.

What are Judith Sim’s Fortinet (FTNT) RSU holdings after this transaction?

After this reported transaction, Judith Sim directly holds 1,836 Restricted Stock Units. These RSUs each represent a contingent right to receive one share of Fortinet common stock upon settlement, subject to the specified vesting conditions.

Is there a purchase or sale of Fortinet (FTNT) shares in Judith Sim’s Form 4?

No. The Form 4 reports a grant of 1,836 RSUs, categorized as a grant or award acquisition. There is no reported open-market purchase or sale of Fortinet common stock in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED 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
Estimated average burden
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*
Sim Judith

(Last)(First)(Middle)
C/O FORTINET, INC.
909 KIFER ROAD

(Street)
SUNNYVALE CALIFORNIA 94086

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Fortinet, Inc. [ FTNT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/12/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)08/12/2026A1,836 (2) (3)Common Stock1,836$01,836D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement.
2. 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.
3. RSUs do not expire; they either vest or are canceled prior to vest date
/s/ Robert Turner, by power of attorney08/13/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)