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Filing Details

Accession Number:: 0001209191-23-008525
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-02-10 18:28:23
Reporting Period:: 2023-02-09

Accepted Time:: 2023-02-10 18:28:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1262039	Fortinet Inc.	FTNT	Computer Peripheral Equipment, Nec (3577)	770560389

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1924858	Patrice Perche	C/O Fortinet, Inc. 899 Kifer Road Sunnyvale CA 94086	Chief Revenue Off./Evp Supp.	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2023-02-09	52,085	$9.81	217,819	No	4	M	Direct
Common Stock	Acquisiton	2023-02-09	164,470	$16.90	382,289	No	4	M	Direct
Common Stock	Acquisiton	2023-02-09	133,250	$22.90	515,539	No	4	M	Direct
Common Stock	Acquisiton	2023-02-09	85,685	$34.39	601,224	No	4	M	Direct
Common Stock	Disposition	2023-02-09	280,515	$58.06	320,709	No	4	S	Direct
Common Stock	Disposition	2023-02-09	112,035	$59.16	208,674	No	4	S	Direct
Common Stock	Disposition	2023-02-09	179,065	$60.23	29,609	No	4	S	Direct
Common Stock	Disposition	2023-02-09	3,879	$60.72	25,730	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2023-02-09	52,085	$0.00	52,085	$9.81
Common Stock	Stock Option (right to buy)	Disposition	2023-02-09	164,470	$0.00	164,470	$16.90
Common Stock	Stock Option (right to buy)	Disposition	2023-02-09	133,250	$0.00	133,250	$22.90
Common Stock	Stock Option (right to buy)	Disposition	2023-02-09	85,685	$0.00	85,685	$34.39

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2025-02-20	No	4	M	Direct
3,500	2026-02-21	No	4	M	Direct
49,495	2027-02-21	No	4	M	Direct
93,145	2028-02-19	No	4	M	Direct

Footnotes

The reported transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
Represents the weighted average sale price. The lowest price at which shares were sold was $57.67 and the highest price at which shares were sold was $58.66. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4.
Represents the weighted average sale price. The lowest price at which shares were sold was $58.67 and the highest price at which shares were sold was $59.66.
Represents the weighted average sale price. The lowest price at which shares were sold was $59.67 and the highest price at which shares were sold was $60.66.
Represents the weighted average sale price. The lowest price at which shares were sold was $60.67 and the highest price at which shares were sold was $60.82.
1/4 of the shares subject to the option vested on February 20, 2019 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
1/4 of the shares subject to the option vested on February 21, 2020 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
1/4 of the shares subject to the option vested on February 21, 2021 and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
1/4 of the shares subject to the option vested on February 19, 2022, and 1/48 of the shares subject to the option will vest monthly thereafter, subject to the Reporting Person's provision of service to the Issuer on each vesting date.