Fortinet (NASDAQ: FTNT) CTO reports 5,250-share stock gifts

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Fortinet, Inc. director and CTO Michael Xie reported bona fide gifts of 5,250 shares of common stock on June 4, 2026, all at a price of $0.00 per share. These are coded as "G" transactions, indicating non-market gifts rather than open-market sales.

Following the gifts, Xie holds 9,918,360 Fortinet shares directly and 9,918,860 shares indirectly through his spouse. Additional indirect holdings are reported through several family and grantor retained annuity trusts, with individual trust positions including 4,646,144, 5,513,505, and 25,680,202 shares as of the same date.

Insider Trade Summary

5,250 shares gifted

Mixed 8 txns

Insider Xie Michael

Role VP, ENGINEERING & CTO

Type	Security	Shares	Price	Value
Gift	Common Stock	2,500	$0.00	--
Gift	Common Stock	2,250	$0.00	--
Gift	Common Stock	500	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 9,921,110 shares (Direct, null); Common Stock — 9,918,860 shares (Indirect, By Spouse)

Footnotes (1)

These securities are held by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee. Shares held directly by the KAXX Trust under The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee. Shares held directly by the KAJJ Trust under The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee. These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person. These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.

Key Figures

Gifted shares: 5,250 shares Gift transaction 1: 500 shares at $0.00 Gift transaction 2: 2,250 shares at $0.00 +5 more

8 metrics

Gifted shares 5,250 shares Total bona fide gifts of common stock on June 4, 2026

Gift transaction 1 500 shares at $0.00 Bona fide gift, direct ownership, June 4, 2026

Gift transaction 2 2,250 shares at $0.00 Bona fide gift, indirect via spouse, June 4, 2026

Gift transaction 3 2,500 shares at $0.00 Bona fide gift, direct ownership, June 4, 2026

Direct holdings after gifts 9,918,360 shares Total Fortinet common stock held directly after June 4, 2026 gifts

Spouse indirect holdings 9,918,860 shares Fortinet shares held indirectly by spouse after June 4, 2026 gifts

Trust holdings example 1 4,646,144 shares Indirect holdings by 2010 K.A. Family Trust as of June 4, 2026

Trust holdings example 2 25,680,202 shares Indirect holdings by grantor retained annuity trust as of June 4, 2026

Key Terms

bona fide gift, grantor retained annuity trust, Children's Trust, indirect ownership

4 terms

bona fide gift financial

"transaction_code_description": "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

grantor retained annuity trust financial

"These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person."

A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.

Children's Trust financial

"under The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee."

indirect ownership financial

""ownership_type": "indirect", "ownership_code": "I""

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/05/2026 - 06:17 PM

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
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^*

Xie Michael

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/04/2026		G		2,500	D	$0	9,921,110	D
Common Stock	06/04/2026		G		2,250	D	$0	9,918,860	I	By Spouse
Common Stock	06/04/2026		G		500	D	$0	9,918,360	D
Common Stock								25,680,202	I	By trust⁽¹⁾
Common Stock								5,513,505	I	By trust⁽²⁾
Common Stock								5,513,505	I	By trust⁽³⁾
Common Stock								4,646,144	I	By trust⁽⁴⁾
Common Stock								4,646,144	I	By trust⁽⁵⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These securities are held by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.

2. Shares held directly by the KAXX Trust under The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.

3. Shares held directly by the KAJJ Trust under The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.

4. These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.

5. These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.

	/s/ Robert Turner, by power of attorney	06/05/2026
	** Signature of Reporting Person	Date
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Fortinet (FTNT) CTO Michael Xie report in this Form 4?

Michael Xie reported bona fide gifts of Fortinet common stock. The filing shows three "G" code transactions totaling 5,250 shares, indicating non-market gifts rather than open-market purchases or sales, with updated direct and indirect share holdings disclosed.

How many Fortinet (FTNT) shares did Michael Xie gift in this filing?

Michael Xie gifted a total of 5,250 Fortinet common shares. The Form 4 lists three bona fide gift transactions of 500, 2,250, and 2,500 shares, each at a reported price of $0.00 per share, reflecting non-cash transfers.

How many Fortinet (FTNT) shares does Michael Xie hold directly after the gifts?

After the reported gifts, Michael Xie directly holds 9,918,360 Fortinet common shares. This post-transaction balance is disclosed in the Form 4 under total shares following transaction for the direct ownership entries.

What indirect Fortinet (FTNT) holdings are reported for Michael Xie and his spouse?

Indirectly, 9,918,860 Fortinet shares are reported as held by Xie’s spouse. Additional indirect positions are held through multiple family and grantor retained annuity trusts, including blocks of 4,646,144, 5,513,505, and 25,680,202 shares, as disclosed in the filing and its footnotes.

Do the Fortinet (FTNT) Form 4 transactions involve open-market buying or selling?

No, the Form 4 transactions are coded "G" for bona fide gifts. The filing shows gifts totaling 5,250 shares at a price of $0.00 per share, meaning they are non-market transfers rather than open-market purchases or sales of Fortinet stock.