Fortinet, Inc. filings document the regulatory record for a Nasdaq-listed cybersecurity company with common stock traded under FTNT. Recent 8-K reports furnish quarterly and annual financial results, including operating performance, revenue categories, billings, margins, cash flow, and related earnings exhibits.
Fortinet’s proxy and meeting filings cover board elections, auditor ratification, stockholder voting results, executive compensation, pay-versus-performance tables, and other governance matters. The filings also identify the company’s registered common stock and provide formal disclosure around matters submitted to security holders.
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.
Margrit Christiane Ohlgart filed a Form 144 reporting a proposed sale of 756 shares of Common stock through Morgan Stanley Smith Barney LLC. The filing notes RSU/PSU origin dated 05/01/2025 and records prior 10b5-1 sales of 596 shares executed on 05/05/2026.
Fortinet reported a very strong first quarter of 2026, beating its own guidance and raising its full‑year outlook. Revenue grew 20% year over year to $1.85 billion, driven by 41% growth in product revenue to $645 million and solid service revenue of $1.20 billion.
Billings rose 31% to $2.09 billion, supporting future growth. GAAP operating margin reached 31%, while non‑GAAP operating margin was 36%. GAAP diluted earnings per share increased 29% to $0.72, and non‑GAAP diluted EPS grew 41% to $0.82.
Cash generation was exceptionally strong, with record operating cash flow of $1.08 billion and record free cash flow of $1.01 billion. For 2026, Fortinet now targets revenue of $7.71 billion to $7.87 billion and expects non‑GAAP operating margin between 33% and 36%, indicating confidence in continued demand for its cybersecurity and networking solutions.
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.
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.
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.
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.
Morgan Stanley Smith Barney LLC submitted a Form 144 notice reporting the proposed sale of 596 shares of Common stock (from Restricted Stock Units and Performance Stock Units) with a transaction date of 05/01/2026 and a filing date of 05/05/2026. The securities are listed on NASDAQ.
Morgan Stanley Smith Barney LLC submitted a Form 144 reporting a proposed sale of 5,355 restricted stock units of common stock for FTNT to be sold on 05/01/2026. The filing also shows that The Board of Trustees of the Leland Stanford Junior University sold 23,530 shares on 03/04/2026 for $1,955,157.11.