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Fortinet, Inc. Form 4 Filings

FTNT NASDAQ

Every Form 4 that Fortinet, Inc. (FTNT) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A Form 4 covers the transactions officers, directors and large holders report, so if you follow FTNT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FTNT filings page.

Rhea-AI Summary

Fortinet, Inc. director James G. Stavridis had 459 restricted stock units vest on September 30, 2026, and acquired 459 common shares. After the transaction, he directly held 17,648 common shares and 1,377 restricted stock units. Each RSU represents a contingent right to receive one common share upon settlement, with shares delivered following vesting.

Rhea-AI Summary

Fortinet, Inc. director Kenneth A. Goldman had 459 restricted stock units vest on September 30, 2026, acquiring 459 common shares. His reported direct common-stock holdings afterward were 23,928 shares, and 1,377 RSUs remained. The filing also lists 19,250 shares held by the Goldman-Valeriote Family Trust and 1,000 shares held by GV Partners L.P.; Goldman disclaims beneficial ownership of the trust shares except to the extent of his pecuniary interest.

Rhea-AI Summary

Fortinet, Inc. director Jean X. Hu had 459 restricted stock units vest on September 30, 2026, with 459 common shares delivered following vesting. After the transaction, Hu reported 1,377 RSUs and 39,508 common shares held directly. Each RSU represents a contingent right to receive one common share upon settlement.

Rhea-AI Summary

Fortinet, Inc. director Derek T. Kan had 459 restricted stock units vest on September 30, 2026, and 459 shares of common stock were delivered. After the transaction, the reported positions were 1,377 RSUs and 459 common shares. The RSUs vest in substantially equal increments on scheduled dates through the earlier of June 30, 2027, and the date immediately preceding Fortinet’s 2027 annual meeting, subject to continued service on each vesting date.

Rhea-AI Summary

Janet Napolitano, a director of Fortinet, Inc., reported vesting of 459 restricted stock units (RSUs) on September 30, 2026, and acquisition of 459 common shares. Each RSU represents a contingent right to receive one common share upon settlement. Her reported post-transaction position included 1,377 RSUs and 4,733 directly held common shares. The RSUs were granted August 12, 2026, and subsequent vesting is subject to continued service on each vesting date.

Rhea-AI Summary

Fortinet, Inc. director Ming Hsieh had 459 restricted stock units vest on September 30, 2026, and 459 common shares were delivered upon vesting. Following the transaction, he held 10,056 common shares directly and 1,377 RSUs. The vesting schedule is subject to his providing services to Fortinet on each vesting date.

Rhea-AI Summary

Fortinet, Inc. director Judith Sim reported vesting of 459 restricted stock units on September 30, 2026, and acquisition of 459 common shares upon settlement. After the transactions, she directly held 130,001 common shares and 1,377 restricted stock units. The RSUs are scheduled to vest in substantially equal increments on December 31, 2026, March 31, 2027, and the earlier of June 30, 2027, and the date immediately preceding Fortinet's 2027 annual meeting, subject to her providing services to Fortinet on each vesting date.

Rhea-AI Summary

Fortinet, Inc. Chief Financial Officer Christiane Ohlgart sold 48 shares of Common Stock at $180 per share on September 24, 2026. The sale was made under a Rule 10b5-1 trading plan adopted on June 10, 2026. She directly held 10,345 shares after the transaction.

Rhea-AI Summary

Fortinet, Inc. (FTNT) reported that chief operating officer John Whittle exercised stock options and sold the resulting shares. On September 14 and 15, 2026, he exercised options for 56,700 shares of common stock at an exercise price of $62.11 per share; the options were fully vested. The same 56,700 shares were then sold in market or private transactions at prices around $165–$169 per share pursuant to a Rule 10b5-1 trading plan adopted on June 5, 2026.

Rhea-AI Summary

STAVRIDIS JAMES G. reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc. reported that director James G. Stavridis received a grant of 1,836 Restricted Stock Units (RSUs) representing contingent rights to receive an equal number of Fortinet common shares 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 stockholders meeting, subject to his continued service. Following this award, he holds 1,836 RSUs directly, which will either vest or be canceled prior to vesting; RSUs do not expire.

Rhea-AI 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.

Rhea-AI Summary

GOLDMAN KENNETH A reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc. reported that director Kenneth A. Goldman received a grant of 1,836 Restricted Stock Units (RSUs) on August 12, 2026. Each RSU represents a contingent right to receive one share of Fortinet common stock upon settlement. The 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 of stockholders, subject to continued service. Following this grant, Goldman directly holds 1,836 RSUs, which either vest or are canceled; they do not expire.

Rhea-AI Summary

Hu Jean X. reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc. reported that director Jean X. Hu 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. Following this award, Hu holds 1,836 RSUs directly.

The RSUs are scheduled to 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 stockholders’ meeting, subject to continued service. RSUs do not expire; they either vest or are canceled before vesting.

Rhea-AI Summary

Napolitano Janet reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc. director Janet Napolitano received a grant of 1,836 Restricted Stock Units (RSUs), each representing one share of common stock upon settlement. The 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 the 2027 annual stockholders meeting, subject to continued service. Following this award, she directly holds 1,836 RSUs.

Rhea-AI Summary

Hsieh Ming reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc. reported that director Ming Hsieh received a grant of 1,836 Restricted Stock Units (RSUs), each representing a contingent right to one share of Fortinet common stock upon settlement. The 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 stockholders meeting, subject to continued service. RSUs do not expire; they either vest or are canceled before vesting.

Rhea-AI Summary

Kan Derek T. reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc. reported that director Derek T. Kan 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 are scheduled to 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 stockholder meeting, subject to continued service. Following this award, Kan holds 1,836 RSUs directly, which will either vest or be canceled prior to vesting.

Rhea-AI Summary

Fortinet, Inc. chief operating officer John Whittle reported the vesting of several restricted stock unit (RSU) grants on August 1, 2026, converting into 4,573 shares of common stock. Of these, 2,310 shares were relinquished and cancelled at $161.95 per share to cover tax withholding obligations.

Rhea-AI Summary

Fortinet, Inc. VP, Engineering & CTO Michael Xie reported open-market sales of 3,121 shares of common stock on August 3, 2026, at weighted-average prices ranging from $160.04 to $164.15 per share, executed under a Rule 10b5-1 trading plan adopted on March 4, 2026. On August 1, 2026, restricted stock units covering 6,306 shares vested and converted into common stock, and 3,185 shares were relinquished to cover related tax withholding obligations in an exempt transaction under Section 16b-3(e); Xie also reports indirect holdings through family and grantor retained annuity trusts.

Rhea-AI Summary

Ken Xie, President & CEO of Fortinet, exercised options for 155,000 shares at a $22.90 strike and multiple RSU grants, then sold 161,482 shares of common stock on August 3, 2026 at prices ranging from $159.45 to $164.48 per share. 6,611 shares of common stock were relinquished and cancelled to cover tax withholding from RSU vesting. The option exercise left 306,470 option shares reported as remaining, and Xie’s spouse holds 4,848,774 shares indirectly. All reported sales were effected under a Rule 10b5-1 trading plan adopted on March 3, 2026.

Rhea-AI 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.

Rhea-AI Summary

Fortinet director Ming Hsieh reported routine equity compensation activity involving restricted stock units. On June 11, 2026, 650 restricted stock units vested and were converted into 650 shares of Fortinet common stock at a stated price of $0.00 per share, increasing his directly held common stock to 9,597 shares. The RSUs were originally granted on August 20, 2025 and represent a contingent right to receive one share of common stock upon settlement. In addition to his direct holdings, Hsieh is trustee for several family trusts that collectively hold various indirect positions in Fortinet common stock, including 53,082 shares in the Ming Hsieh Revocable Family Trust and smaller amounts in other family trusts.

Rhea-AI Summary

Fortinet director Janet Napolitano acquired 650 shares of common stock through the vesting and settlement of restricted stock units (RSUs). The RSUs were part of a grant made on August 20, 2025, and vest in four substantially equal installments tied to service through mid-2026. Following this vesting event on June 11, 2026, Napolitano directly holds 4,274 shares of Fortinet common stock.

Rhea-AI Summary

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

Fortinet, Inc. director Judith Sim reported a routine equity compensation event involving restricted stock units (RSUs). On June 11, 2026, 650 RSUs vested and were settled into 650 shares of Fortinet common stock, increasing her directly held common stock to 129,542 shares.

The RSUs were granted on August 20, 2025 and each RSU represents a right to receive one share of common stock upon settlement. According to the vesting terms, the grant vests in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of June 30, 2026 or the day before Fortinet’s 2026 annual stockholder meeting, subject to continued service. RSUs do not expire; they either vest or are canceled before vesting.

Rhea-AI 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.

Rhea-AI Summary

Fortinet director Jean X. Hu acquired 650 shares of common stock through the vesting of restricted stock units (RSUs). The RSUs, each representing a contingent right to one common share, vested as part of a grant awarded on August 20, 2025. Following this vesting and settlement, Hu directly holds 39,049 shares of Fortinet common stock.

Rhea-AI Summary

Fortinet director Kenneth A. Goldman acquired 650 shares of common stock through the vesting of restricted stock units. These RSUs converted into common shares at a stated price of $0.00 per share. After this transaction, he holds 23,469 shares of Fortinet common stock directly.

In addition to his direct holdings, filings show 1,000 shares held indirectly through GV Partners L.P., a family limited partnership where he is the managing member, and 19,250 shares held indirectly through the Goldman-Valeriote Family Trust. As trustee, he may be deemed to have voting and dispositive power over the trust shares but disclaims beneficial ownership except for his pecuniary interest.

Rhea-AI 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.

Rhea-AI Summary

Fortinet, Inc.’s President & CEO Ken Xie reported a mix of stock option exercises and share sales. On June 2, 2026, he exercised 155,000 nonqualified stock options at $22.90 per share, converting them into common stock.

That same day, he sold 160,632 shares of common stock in multiple open-market transactions at weighted average prices generally between about $141.81 and $149.01, under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he directly holds 52,972,372 Fortinet shares, while his spouse holds an additional 4,848,774 shares indirectly reported as “by spouse.”

Rhea-AI Summary

Fortinet, Inc. director and VP, Engineering & CTO Michael Xie reported open-market sales of 3,907 shares of common stock on June 3, 2026. The trades were executed at weighted average prices within ranges from $144.03 to $148.31 per share and were carried out under a Rule 10b5-1 trading plan adopted on March 4, 2026. Following these sales, Xie directly holds 9,923,610 shares of Fortinet common stock and also has substantial indirect holdings through several trusts, including 4,646,144 shares held by the 2010 K.A. Family Trust, 5,513,505 shares held by children’s trusts, and 25,680,202 shares in a grantor retained annuity trust for his benefit.

Rhea-AI Summary

Fortinet, Inc. chief operating officer John Whittle reported an exercise-and-sell transaction in company stock. On May 21, 2026, he exercised options for a total of 146,015 shares of common stock at strike prices of $22.896 and $34.386 per share, then sold 146,015 shares in open-market trades.

The sales, executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 19, 2026, were completed at weighted average prices around $128–$130 per share, with individual sale prices ranging from $127.48 to $129.71. The filing shows a net-sell position for this set of transactions.

Rhea-AI Summary

Fortinet, Inc. VP, Engineering & CTO Michael Xie reported several non-market gifts of Fortinet common stock held through family trusts. The Form 4 shows four bona fide gift transactions totaling 11,709,176 shares of common stock, all coded as gifts and executed at a price of $0.00 per share, meaning no sale proceeds were received.

The gifted shares were held indirectly through various trusts, including grantor retained annuity trusts benefiting Xie and his spouse and children’s trusts where he and his spouse serve as trustees. After these transactions, Xie continues to report significant ownership, including 9,927,517 shares held directly and large remaining indirect positions through the trusts, indicating these transfers are estate- and family-planning moves rather than open-market selling.

Rhea-AI Summary

Fortinet, Inc. director Kenneth A. Goldman reported an indirect gift of company stock through a family trust. A trust associated with him, the Goldman-Valeriote Family Trust, made a bona fide gift of 1,500 shares of Fortinet common stock at a stated price of $0.0000 per share. After the gift, the trust held 19,250 shares. Separately, Goldman is shown with 22,819 shares held directly and 1,000 shares held indirectly through GV Partners L.P., a family limited partnership where he is the managing member. The filing reflects a non-market, charitable-style transfer rather than an open-market purchase or sale.

Rhea-AI Summary

Fortinet, Inc. Chief Financial Officer Christiane Ohlgart reported an open-market sale of 238 shares of common stock at $130.00 per share. After this transaction, she directly holds 8,824 shares of Fortinet common stock. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 7, 2025, indicating it was scheduled in advance rather than timed discretionarily.

Rhea-AI Summary

Fortinet, Inc.’s Chief Financial Officer Christiane Ohlgart sold 756 shares of common stock in an open-market transaction. The sale occurred on May 14, 2026 at a price of $120.00 per share and was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 7, 2025.

After this sale, Ohlgart directly owns 9,062 shares of Fortinet common stock. Because the trade was made pursuant to a Rule 10b5-1 plan, its timing reflects a pre-set instruction rather than a discretionary decision on that specific day.

Rhea-AI Summary

Fortinet, Inc. Chief Financial Officer Christiane Ohlgart reported an open-market sale of 238 shares of common stock at $115.00 per share. The transaction was executed on May 11, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on March 7, 2025, and she now directly holds 9,818 shares.

Rhea-AI Summary

Fortinet, Inc. Chief Financial Officer Christiane Ohlgart reported an open-market sale of company stock. On May 7, 2026, she sold 756 shares of Common Stock at a price of $110.00 per share.

The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan that she adopted on March 7, 2025. Following this sale, Ohlgart directly holds 10,056 shares of Fortinet common stock.

Rhea-AI Summary

Fortinet, Inc. chief operating officer John Whittle reported routine equity compensation activity tied to vesting restricted stock units (RSUs). On May 1, 2026, RSU vesting led to the acquisition of 4,572 shares of common stock through exercises or conversions.

To cover federal and state tax withholding from this vesting, 2,309 shares of common stock were relinquished and cancelled at a value of $86.29 per share, with the issuer paying the related tax obligations. Following these transactions, Whittle directly held 94,069 shares of Fortinet common stock and 4,825 RSUs, reflecting a compensation-driven adjustment rather than open-market trading.

Rhea-AI Summary

Fortinet, Inc. VP of Engineering and CTO Michael Xie reported a mix of RSU vesting, tax withholding, and open-market sales of common stock. On May 1, 2026, restricted stock units vested into 6,305 shares of common stock, and 3,184 shares were relinquished to cover federal and state tax obligations, as described under Section 16b-3(e).

On May 4, 2026, Xie executed open-market sales totaling 2,478 shares of Fortinet common stock at weighted average prices in the high‑$80s per share, pursuant to a pre-arranged Rule 10b5-1 trading plan. Following the reported direct transactions, he directly holds about 9,927,517 shares of common stock, in addition to substantial indirect holdings through various family and grantor retained trusts.

Rhea-AI Summary

Fortinet, Inc. president and CEO Ken Xie reported several equity transactions in early May 2026. On May 4, 2026, he completed open-market sales totaling 5,355 shares of Fortinet common stock at weighted average prices around $87–$90 per share under a Rule 10b5-1 trading plan.

On May 1, 2026, previously granted restricted stock units vested, delivering a total of 13,092 shares of common stock. In connection with this vesting, 6,611 shares were withheld and cancelled to satisfy federal and state tax withholding obligations. A separate holding entry shows 4,848,774 common shares held indirectly by his spouse.

Rhea-AI Summary

Fortinet, Inc.’s Chief Financial Officer Christiane Ohlgart reported a combination of equity vesting, tax withholding, and a small planned share sale. On May 1, 2026, she exercised derivative awards, converting 4,903 shares worth of performance and restricted stock units into common stock as part of previously granted PSUs and RSUs vesting.

On the same date, 1,742 shares of common stock were relinquished and cancelled to cover federal and state tax withholding obligations in an exempt transaction under Section 16b-3(e). On May 5, 2026, she executed an open‑market sale of 596 shares of common stock at $89.70 per share pursuant to a Rule 10b5‑1 trading plan adopted on March 7, 2025, and held 10,812 shares of Fortinet common stock directly after the sale.

Rhea-AI Summary

Ohlgart Christiane reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc.’s Chief Financial Officer Christiane Ohlgart received a grant of 2,366 Performance Stock Units. These PSUs were earned based on relative shareholder return performance for a period ending March 31, 2026, certified on April 17, 2026. Each PSU corresponds to one share of common stock that will vest and settle in full on May 1, 2026, provided she continues serving the company on that date.

Rhea-AI Summary

Fortinet, Inc. President & CEO Ken Xie reported a series of bona fide gifts of Fortinet common stock on April 17, 2026. The filing shows six gift transactions totaling 1,418,586 shares, all coded as gifts with a reported price of $0.00 per share, meaning these were gratuitous transfers rather than market sales.

These gifted shares were associated with grantor retained annuity trusts benefiting Xie and his spouse. After the reported transactions, Xie holds 52,976,878 shares directly and 4,848,774 shares indirectly through his spouse, indicating he retains a very large ownership stake in Fortinet despite the gifts.

Rhea-AI Summary

Fortinet, Inc. director Judith Sim reported the vesting of restricted stock units that converted into common shares as part of her equity compensation. On March 31, 2026, 649 RSUs vested and were settled into 649 shares of common stock at a stated price of $0.00 per share. After this transaction, she directly holds 128,892 shares of Fortinet common stock. These RSUs were granted on August 20, 2025 and vest in several scheduled installments through June 2026, conditioned on her continued service.

Rhea-AI Summary

Fortinet director Kenneth A. Goldman reported the vesting of 649 Restricted Stock Units on March 31, 2026, converting into 649 shares of Fortinet common stock at a stated price of $0.00 per share. These RSUs were granted on August 20, 2025 and are scheduled to vest in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of June 30, 2026 or the date immediately preceding Fortinet’s 2026 annual meeting of stockholders, subject to continued service. After this vesting, Goldman directly holds 22,819 shares of common stock. He also has indirect interests in 20,750 shares held by the Goldman‑Valeriote Family Trust, where he is a trustee and may be deemed to have voting and dispositive power but disclaims beneficial ownership except for his pecuniary interest, and 1,000 shares held by GV Partners L.P., a family limited partnership for which he is the managing member. The filing shows no open‑market purchases or sales, only routine equity compensation vesting.

Rhea-AI Summary

Fortinet, Inc. director Janet Napolitano reported a routine equity compensation event involving restricted stock units (RSUs). On March 31, 2026, 649 RSUs vested and were exercised into 649 shares of Fortinet common stock at a price of $0.00 per share, reflecting settlement of previously granted compensation rather than an open-market transaction.

These RSUs were part of an award granted on August 20, 2025, scheduled to vest in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of June 30, 2026 or the date immediately preceding Fortinet’s 2026 annual stockholder meeting, subject to continued service. Following this vesting, Napolitano directly holds 3,624 shares of Fortinet common stock and 650 RSUs, each representing a contingent right to receive one share upon future settlement.

Rhea-AI Summary

Fortinet, Inc. director Jean X. Hu increased her direct common stock holdings through vesting of restricted stock units (RSUs). On March 31, 2026, 649 RSUs granted on August 20, 2025 vested and were exercised into 649 shares of Fortinet common stock at a price of $0.00 per share.

Each RSU represents a contingent right to receive one share of common stock upon settlement. The RSUs from this grant vest in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of June 30, 2026 or the date immediately preceding Fortinet’s 2026 annual stockholder meeting, subject to continued service. Following this vesting event, Hu directly holds 38,399 shares of Fortinet common stock. The RSUs do not expire; they either vest or are canceled before vesting.

Rhea-AI Summary

Hsieh Ming reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc. director Ming Hsieh reported the vesting and settlement of 649 restricted stock units (RSUs) into an equal number of shares of common stock on March 31, 2026. These RSUs come from a grant made on August 20, 2025 that vests in several scheduled installments.

After this vesting event, Hsieh directly holds 8,952 shares of Fortinet common stock. He also has indirect holdings through trusts, including The Ming Hsieh Trust, where he has sole voting and dispositive power, and the Pauline and Tiffany Hsieh Irrevocable Trusts, where he serves as trustee.

Rhea-AI Summary

Fortinet, Inc. director James G. Stavridis increased his direct shareholdings through equity compensation. On March 31, 2026, 649 Restricted Stock Units (RSUs) vested and were converted into 649 shares of Fortinet common stock at a price of $0.00 per share, reflecting a compensation-related derivative exercise rather than an open-market purchase.

The RSUs were granted on August 20, 2025 and are scheduled to vest in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of June 30, 2026 or the date immediately preceding Fortinet's 2026 annual stockholder meeting, subject to continued service. After this vesting event, Stavridis directly holds 16,539 shares of Fortinet common stock, and the filing shows no remaining derivative position related to this transaction.

Rhea-AI Summary

Whittle John reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc. chief operating officer John Whittle reported an equity compensation grant in the form of 15,660 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Fortinet common stock, so this award ties his compensation to the company’s share performance over time.

According to the vesting schedule, 25% of the RSUs will vest on February 1, 2027, with the remaining 75% vesting in equal installments on each quarterly anniversary thereafter until fully vested, subject to his continued service. The RSUs do not expire; they either vest or are canceled before vesting, and shares will be delivered upon settlement.

Rhea-AI Summary

Fortinet, Inc. reported that Chief Financial Officer Christiane Ohlgart acquired 12,528 restricted stock units (RSUs) as an equity award. Each RSU represents a contingent right to receive one share of Fortinet common stock. 25% of the RSUs will vest on February 1, 2027, with the remaining 75% vesting in equal quarterly installments thereafter, as long as she continues providing service. The RSUs do not expire; they will either vest or be canceled before vesting.