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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.
The Vanguard Groupzero beneficial ownership of Fortinet Inc common stock after an internal realignment.
The amendment states that, as of the realignment on January 12, 2026, certain Vanguard subsidiaries and business divisions will report beneficial ownership separately in reliance on SEC Release No. 34-39538; The Vanguard Group no longer is deemed to beneficially own securities held by those subsidiaries. The filing is signed by Ashley Grim on 03/26/2026.
Fortinet, Inc. reports full-year 2025 results and details its cybersecurity platform strategy and risks. The company generated $6.80 billion in total revenue and $1.85 billion in net income for the year ended December 31, 2025.
Fortinet positions itself as a leader in converged networking and security through its Fortinet Security Fabric, spanning secure networking, unified SASE and AI-driven security operations. As of December 31, 2025, it served customers in over 100 countries, held 1,064 U.S. patents and 1,405 global patents, including 321 AI-related patents, and employed 15,109 people.
The report highlights reliance on channel partners, global supply chain and limited-source components, intense competition from major cybersecurity and networking vendors, significant international exposure, and extensive risk factors ranging from macroeconomic and geopolitical uncertainty to product vulnerabilities, backlog fluctuations and real estate and data center investments.
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.
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.
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.
Xie Ken reported acquisition or exercise transactions in this Form 4 filing.
Fortinet, Inc. President and CEO Ken Xie reported receiving a grant of 31,320 restricted stock units (RSUs) on February 20, 2026. Each RSU represents a right to receive one share of Fortinet common stock, with no purchase price listed for the award.
25% of the RSUs will vest on February 1, 2027, and the remaining 75% will vest in equal quarterly installments until the award is fully vested, as long as Xie continues providing services to Fortinet on each vesting date. Following this grant, he directly holds 31,320 RSUs.
Fortinet, Inc. filed a Form 8-K to report that it released a press release with its financial results for the fourth quarter and year ended December 31, 2025. The company issued this press release on February 5, 2026, and attached it as Exhibit 99.1.
The Form 8-K states that the press release is being furnished, not filed, which affects how it is treated under U.S. securities laws and whether it is incorporated into other Securities Act or Exchange Act filings.
Fortinet, Inc. Chief Operating Officer John Whittle reported equity award vesting and related tax share withholding. On February 1, 2026, several restricted stock unit (RSU) and performance stock unit (PSU) grants converted into shares of Fortinet common stock at an exercise price of $0 per unit.
Following these conversions and other movements, Whittle held 105,412 shares of common stock before tax withholding. To cover federal and state tax obligations from RSU vesting, 12,951 shares of common stock were withheld at $81.26 per share, leaving him with 92,461 shares owned directly after the transactions.
Fortinet Chief Financial Officer Christiane Ohlgart reported multiple equity transactions involving company stock and restricted stock units. On February 1, 2026, RSUs vested and were settled into 685 and 2,600 shares of common stock at $0 exercise price. To cover tax withholding from this vesting, 1,255 shares of common stock were relinquished at a value of $81.26 per share. On February 3, 2026, she sold 507 shares of common stock at $80.73 per share under a pre-established Rule 10b5-1 trading plan. After these transactions, she directly owned 8,247 shares of Fortinet common stock, along with 6,163 and 7,801 RSUs that continue to vest over time.