| Accession Number: | 0001209191-23-047204 |
| Date: | 2023-08-23 |
| Issuer: | FORTINET, INC. (FTNT) |
| Original Submission Date: |
JENSEN KEITH
C/O FORTINET, INC.
899 KIFER ROAD
SUNNYVALE, CA 94086
| Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
|---|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | 2023-08-23 | M | 12,730 | a | $22.90 | 17,308 | direct | ||
| COMMON STOCK | 2023-08-23 | M | 11,985 | a | $34.39 | 29,293 | direct | ||
| COMMON STOCK | 2023-08-23 | S | 17,391 | d | $58.86 | 9,092 | direct | ||
| COMMON STOCK | 2023-08-23 | S | 7,324 | d | $59.30 | 4,583 | direct |
| Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STOCK OPTION (RIGHT TO BUY) | 22.9 | 2023-08-23 | deemed execution date | M | 12,730 (d) | 2027-02-21 | common stock 12,730 | $22.90 | 25,465 | direct | ||
| STOCK OPTION (RIGHT TO BUY) | 34.39 | 2023-08-23 | deemed execution date | M | 11,985 (d) | 2028-02-19 | common stock 11,985 | $34.39 | 71,895 | direct |
| ID | footnote |
|---|---|
| f1 | the reported transaction was effected pursuant to a rule 10b5-1 trading plan previously adopted by the reporting person on december 8, 2022. |
| f2 | represents the weighted average sale price. the lowest price at which shares were sold was $58.22 and the highest price at which shares were sold was $59.21. 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) and (3) to this form 4. |
| f3 | represents the weighted average sale price. the lowest price at which shares were sold was $59.22 and the highest price at which shares were sold was $59.48. |
| f4 | 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. |
| f5 | 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. |
