Fortinet (FTNT) CTO Michael Xie awarded 18,792 restricted stock units

Rhea-AI Filing Summary

Xie Michael reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc. reported that VP, Engineering & CTO Michael Xie received a grant of 18,792 restricted stock units. Each RSU represents a right to receive one share of Fortinet common stock.

According to the award terms, 25% of the RSUs will vest on February 1, 2027. The remaining 75% will vest in equal quarterly installments after that date until the award is fully vested, as long as he continues providing services to the company on each vesting date. The RSUs do not expire; they will either vest on schedule or be canceled before vesting, and shares are delivered upon settlement.

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

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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 CA 94086

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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(1)	02/20/2026		A		18,792		(2)	(3)	Common Stock	18,792	$0	18,792	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

2. 25% of the RSUs will vest on February 1, 2027, 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.

3. RSUs do not expire; they either vest or are canceled prior to the vesting date.

	/s/ Robert Turner, by power of attorney	02/23/2026
	** 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).
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FAQ

What did Fortinet (FTNT) disclose about Michael Xie’s latest equity award?

Fortinet disclosed that VP, Engineering & CTO Michael Xie received 18,792 restricted stock units. Each RSU gives him the right to one share of Fortinet common stock if it vests and is settled under the award’s terms.

How many restricted stock units did Fortinet (FTNT) grant to Michael Xie?

Fortinet granted Michael Xie 18,792 restricted stock units. These RSUs are a form of equity compensation that may convert into the same number of Fortinet common shares if the vesting and continued service conditions are satisfied over time.

What is the vesting schedule for Michael Xie’s 18,792 RSUs at Fortinet (FTNT)?

The award vests 25% of the RSUs on February 1, 2027. The remaining 75% then vests in equal quarterly installments thereafter until 100% of the RSUs are vested, conditioned on Michael Xie’s continued service with Fortinet on each vesting date.

Do the restricted stock units granted to Michael Xie at Fortinet (FTNT) have an expiration date?

The RSUs do not have a traditional expiration date. They will either vest according to the stated schedule or be canceled before vesting. If they vest and settle, Fortinet will deliver shares of common stock to Michael Xie.

What does each restricted stock unit granted by Fortinet (FTNT) to Michael Xie represent?

Each restricted stock unit represents a contingent right to receive one share of Fortinet common stock. Actual share delivery occurs upon settlement after the RSUs vest, provided the service-based vesting conditions outlined in the award are met.