Filing Details
- Accession Number:
- 0001415889-25-003894
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-02-13 16:17:32
- Reporting Period:
- 2025-02-11
- Filing Date:
- 2025-02-13
- Accepted Time:
- 2025-02-13 16:17:32
- 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 |
|---|---|---|---|---|---|---|---|
| 1475587 | Ken Xie | C/O Fortinet, Inc. 909 Kifer Road Sunnyvale CA 94086 | President & Ceo | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2025-02-11 | 647,311 | $0.00 | 1,294,622 | No | 4 | G | Indirect | By Trust |
| Common Stock | Disposition | 2025-02-11 | 647,311 | $0.00 | 647,311 | No | 4 | G | Indirect | By Trust |
| Common Stock | Disposition | 2025-02-11 | 647,311 | $0.00 | 0 | No | 4 | G | Indirect | By Trust |
| Common Stock | Disposition | 2025-02-11 | 647,311 | $0.00 | 1,294,622 | No | 4 | G | Indirect | By Trust |
| Common Stock | Disposition | 2025-02-11 | 647,311 | $0.00 | 647,311 | No | 4 | G | Indirect | By Trust |
| Common Stock | Disposition | 2025-02-11 | 647,311 | $0.00 | 0 | No | 4 | G | Indirect | By Trust |
| Common Stock | Acquisiton | 2025-02-11 | 41,667 | $9.81 | 51,451,633 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-02-11 | 16,357 | $108.54 | 51,435,276 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2025-02-11 | 6,243 | $109.30 | 51,429,033 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2025-02-11 | 100 | $109.99 | 51,428,933 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2025-02-12 | 41,667 | $9.81 | 51,470,600 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-02-12 | 3,300 | $105.22 | 51,467,300 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2025-02-12 | 7,520 | $106.09 | 51,459,780 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2025-02-12 | 8,534 | $107.20 | 51,451,246 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2025-02-12 | 3,367 | $107.65 | 51,447,879 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | G | Indirect | By Trust |
| No | 4 | G | Indirect | By Trust |
| No | 4 | G | Indirect | By Trust |
| No | 4 | G | Indirect | By Trust |
| No | 4 | G | Indirect | By Trust |
| No | 4 | G | Indirect | By Trust |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Nonqualified Stock Option (right to buy) | Disposition | 2025-02-11 | 41,667 | $0.00 | 41,667 | $9.81 |
| Common Stock | Nonqualified Stock Option (right to buy) | Disposition | 2025-02-12 | 41,667 | $0.00 | 41,666 | $9.81 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 41,667 | 2025-02-20 | No | 4 | M | Direct | |
| 0 | 2025-02-20 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 3,243,799 | Indirect | By trust |
| Common Stock | 3,243,799 | Indirect | By trust |
| Common Stock | 2,314,268 | Indirect | By spouse |
Footnotes
- These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person ("GRAT 1"). On February 11, 2025, 2,314,268 shares of the Issuer's Common Stock were transferred from GRAT 1 to the Reporting Person.
- These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse ("GRAT 2"). On February 11, 2025, 2,314,268 shares of the Issuer's Common Stock were transferred from GRAT 2 to the Reporting Person's spouse.
- The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 8, 2023.
- Represents the weighted average sale price. The lowest price at which shares were sold was $107.99 and the highest price at which shares were sold was $108.98. 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 (7) to this Form 4.
- Represents the weighted average sale price. The lowest price at which shares were sold was $108.99 and the highest price at which shares were sold was $109.85.
- Represents the weighted average sale price. The lowest price at which shares were sold was $104.55 and the highest price at which shares were sold was $105.54.
- Represents the weighted average sale price. The lowest price at which shares were sold was $105.56 and the highest price at which shares were sold was $106.55.
- Represents the weighted average sale price. The lowest price at which shares were sold was $106.56 and the highest price at which shares were sold was $107.55.
- Represents the weighted average sale price. The lowest price at which shares were sold was $107.56 and the highest price at which shares were sold was $107.75.
- These securities are held by a 2024 grantor retained annuity trust for the benefit of the Reporting Person.
- These securities are held by a 2024 grantor retained annuity trust for the benefit of the Reporting Person's spouse.
- The options are fully vested.
Billionaire Hedge Funds
