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Fortinet (FTNT) CFO vests 1,634 RSUs and sells 387 common shares

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Fortinet, Inc. Chief Financial Officer Christiane Ohlgart reported equity transactions involving vested awards and a small open-market sale. On August 1, 2026, 1,634 Restricted Stock Units vested into an equal number of common shares at $0.00, with 581 shares relinquished at $161.95 to satisfy federal and state tax withholding obligations. On August 4, 2026, she sold 387 common shares at $164.59 in an open-market or private transaction effected under a Rule 10b5-1 trading plan adopted on March 7, 2025.

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Insights

Analyzing...

Insider Ohlgart Christiane
Role Chief Financial Officer
Sold 387 shs ($64K)
Approx. gross sale proceeds $64K
Approx. exercise cost $0.00
Type Security Shares Price Value
Sale Common Stock F3 387 $164.59 $64K
Exercise Restricted Stock Units F4, F1, F5, F6 684 $0.00 $0.00
Exercise Restricted Stock Units F4, F1, F7, F6 650 $0.00 $0.00
Exercise Restricted Stock Units F4, F1, F8, F6 300 $0.00 $0.00
Exercise Common Stock F1 684 $0.00 $0.00
Exercise Common Stock F1 650 $0.00 $0.00
Exercise Common Stock F1 300 $0.00 $0.00
Exercise Price or Tax Liability Common Stock F2 581 $161.95 $94K
Holdings After Transaction: Restricted Stock Units — 14,603 shares (Direct); Common Stock — 10,393 shares (Direct)
Footnotes (8)
  1. F1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
  2. F2. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units.
  3. F3. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2025.
  4. F4. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
  5. F5. 25% of the RSUs vested on May 1, 2025, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
  6. F6. RSUs and PSUs do not expire; they either vest or are canceled prior to the vesting date.
  7. F7. 25% of the RSUs will vest on February 1, 2026, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
  8. F8. 25% of the RSUs vested on May 1, 2026, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
Shares sold 387 shares Common stock sale on August 4, 2026 at $164.59 per share
Sale price $164.59 per share Price for 387 Fortinet common shares sold on August 4, 2026
RSUs vested 1,634 units Restricted Stock Units vested into common stock on August 1, 2026
Shares withheld for taxes 581 shares Common shares relinquished at $161.95 to cover tax withholding on August 1, 2026
Tax withholding price $161.95 per share Implied value for 581 shares cancelled to satisfy tax obligations
Rule 10b5-1 plan adoption March 7, 2025 Date CFO adopted trading plan covering the August 4, 2026 sale
Rule 10b5-1 trading plan regulatory
"The reported transaction was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Restricted Stock Units financial
"Vesting of restricted stock units (RSUs) previously 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.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability"
tax withholding obligations financial
"in exchange for the Issuer's agreement to pay federal and state tax withholding obligations"

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FAQ

What insider stock transactions did Fortinet (FTNT) CFO Christiane Ohlgart report?
Christiane Ohlgart, Fortinet’s CFO, had 1,634 RSUs vest into common stock on August 1, 2026, with 581 shares withheld for taxes, and sold 387 common shares at $164.59 on August 4, 2026 under a Rule 10b5-1 trading plan.

How many Restricted Stock Units vested for Fortinet (FTNT) CFO and what do they represent?
On August 1, 2026, 1,634 Restricted Stock Units vested for Fortinet CFO Christiane Ohlgart. Footnotes state each RSU represents a contingent right to receive one share of Fortinet common stock, delivered upon settlement according to the specified vesting schedules.

How were taxes handled on the Fortinet (FTNT) CFO’s RSU vesting?
To cover tax obligations from the RSU vesting, 581 common shares were relinquished at $161.95 per share on August 1, 2026. The issuer cancelled these shares in exchange for paying federal and state tax withholding obligations in an exempt Section 16b-3(e) transaction.

What details are disclosed about the Fortinet (FTNT) CFO’s August 4, 2026 stock sale?
On August 4, 2026, Fortinet CFO Christiane Ohlgart sold 387 shares of common stock at $164.59 per share. The transaction is coded as a sale in the open market or a private transaction and was executed under a Rule 10b5-1 trading plan.

When was the Rule 10b5-1 trading plan for the Fortinet (FTNT) CFO’s sale adopted?
The Rule 10b5-1 trading plan governing the 387-share sale on August 4, 2026 was adopted on March 7, 2025. A footnote specifies that the reported transaction was effected pursuant to this pre-established trading plan.

Were Fortinet (FTNT) CFO Christiane Ohlgart’s reported holdings direct or through another entity?
All reported transactions for Christiane Ohlgart involve direct ownership. The entries are coded with direct ownership, and no footnotes attribute the shares to trusts, partnerships, or other entities or disclaim voting or investment power.
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).
X
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*
Ohlgart Christiane
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026		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
Common Stock08/01/2026M(1)684A$09,509D
Common Stock08/01/2026M(1)650A$010,159D
Common Stock08/01/2026M(1)300A$011,361D
Common Stock08/01/2026F(2)581D$161.9510,780D
Common Stock08/04/2026S(3)387D$164.5910,393D
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(4)08/01/2026M(1)684 (5) (6)Common Stock684$04,794D
Restricted Stock Units$0(4)08/01/2026M(1)650 (7) (6)Common Stock650$06,501D
Restricted Stock Units$0(4)08/01/2026M(1)300 (8) (6)Common Stock300$03,308D
Explanation of Responses:
1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
2. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units.
3. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2025.
4. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
5. 25% of the RSUs vested on May 1, 2025, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
6. RSUs and PSUs do not expire; they either vest or are canceled prior to the vesting date.
7. 25% of the RSUs will vest on February 1, 2026, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
8. 25% of the RSUs vested on May 1, 2026, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
/s/ Robert Turner, by power of attorney08/04/2026
** 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)

Source: View Original Filing on SEC EDGAR