Fortinet director receives 650 shares via RSU vesting

Fortinet, Inc. director James G. Stavridis reported a routine equity compensation event involving 650 shares.

Rhea-AI Filing Summary

Fortinet, Inc. director James G. Stavridis reported a routine equity compensation event involving 650 shares. On June 11, 2026, 650 Restricted Stock Units (RSUs) vested and were settled into 650 shares of Fortinet common stock at a stated price of $0.00 per share, reflecting an option/RSU exercise rather than an open-market purchase. Following this vesting, he directly holds 17,189 common shares. The RSUs were originally granted on August 20, 2025 and form part of a broader award that vests in substantially equal increments through mid-2026, conditional on continued service.

Insights

Insider transactions analyst

Director’s 650-share RSU vesting is a routine, non-market transaction.

The filing shows James G. Stavridis, a director of Fortinet, Inc., receiving 650 shares of common stock via RSU vesting on June 11, 2026. The derivative entry for 650 RSUs and the matching common stock entry describe the same compensation event.

The transaction is coded "M" for exercise/conversion, with a per-share value of $0.00, confirming no open-market buying or selling occurred. After this vesting, he directly owns 17,189 common shares, and there are no remaining derivative positions listed in this filing.

This is a standard equity compensation mechanism tied to an RSU grant made on August 20, 2025, which vests in several installments through mid-2026, subject to continued service. It does not alter cash flows or signal discretionary trading activity and is best viewed as a routine update to equity holdings.

Insider Trade Summary

650 shares exercised/converted

Exercise 2 txns

Insider STAVRIDIS JAMES G.

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	650	$0.00	$0.00
Exercise	Common Stock	650	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 17,189 shares (Direct)

Footnotes (4)

1. F1. Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2025.
2. F2. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
3. F3. 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.
4. F4. RSUs do not expire; they either vest or are canceled prior to vest date

Key Figures

RSUs vested: 650 shares Common shares acquired from RSUs: 650 shares Shares held after transaction: 17,189 shares +3 more

6 metrics

RSUs vested 650 shares Restricted Stock Units converted to common stock on June 11, 2026

Common shares acquired from RSUs 650 shares Common Stock entry corresponding to RSU vesting

Shares held after transaction 17,189 shares Total direct Fortinet common stock owned by director post-vesting

RSU exercise price $0.00 per share Stated transaction price for RSU settlement into common stock

Exercise transactions 1 transaction, 650 shares transactionSummary exerciseCount and exerciseShares

Grant date of RSUs August 20, 2025 Footnote describing origin of the RSU award

Key Terms

Restricted Stock Units, RSUs, derivative exercise/conversion, contingent right, +2 more

6 terms

Restricted Stock Units financial

"security_title": "Restricted Stock Units""

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

"Vesting of restricted stock units ("RSUs") granted to the Reporting Person"

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.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

contingent right financial

"Each RSU represents a contingent right to receive one share"

vest in substantially equal increments financial

"The RSUs will vest in substantially equal increments on each of September 30, 2025"

do not expire; they either vest or are canceled financial

"RSUs do not expire; they either vest or are canceled prior to vest date"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Fortinet (FTNT) report for James G. Stavridis?

Fortinet reported that director James G. Stavridis received 650 shares of common stock on June 11, 2026 through the vesting of 650 Restricted Stock Units, a compensation-related equity award, rather than an open-market stock purchase or sale.

Did the Fortinet (FTNT) director buy or sell shares in this Form 4?

The director neither bought nor sold shares in the market. Instead, 650 Restricted Stock Units vested and automatically converted into 650 shares of common stock at a stated price of $0.00, reflecting equity compensation rather than discretionary trading activity.

How many Fortinet (FTNT) shares does James G. Stavridis own after this transaction?

After the June 11, 2026 RSU vesting, James G. Stavridis directly holds 17,189 shares of Fortinet common stock. This total reflects his updated ownership position following conversion of 650 Restricted Stock Units into an equal number of common shares.

What is the origin and vesting schedule of the RSUs reported for Fortinet (FTNT)?

The RSUs were granted on August 20, 2025 and vest in substantially equal increments on several dates through mid‑2026. Vesting is conditioned on the director’s continued service, with common shares delivered after each vesting date, including the June 11, 2026 event.

Do Fortinet (FTNT) RSUs in this filing have an expiration date?

The filing notes that the Restricted Stock Units do not expire; they either vest or are canceled before the vesting date. Each RSU represents a contingent right to receive one share of Fortinet common stock upon settlement after vesting conditions are satisfied.

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

Form 4 Insider Transactions: What Each Field Means →

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

Add on Google Not now

Accepted by SEC EDGAR 06/12/2026 - 05:37 PM Learn about SEC filing dates

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^*

STAVRIDIS JAMES G.

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/11/2026		M(1)		650	A	$0	17,189	D

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
Restricted Stock Units	$0(2)	06/11/2026		M(1)			650	(3)	(4)	Common Stock	650	$0	0	D

Explanation of Responses:

1. Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2025.

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

3. 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.

4. RSUs do not expire; they either vest or are canceled prior to vest date

	/s/ Robert Turner, by power of attorney	06/12/2026
	** 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)