0001415889-24-012060.txt : 20240502 0001415889-24-012060.hdr.sgml : 20240502 20240502173818 ACCESSION NUMBER: 0001415889-24-012060 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240501 FILED AS OF DATE: 20240502 DATE AS OF CHANGE: 20240502 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Xie Ken CENTRAL INDEX KEY: 0001475587 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34511 FILM NUMBER: 24910032 MAIL ADDRESS: STREET 1: 4655 GREAT AMERICA PARKWAY - SUITE 300 CITY: SANTA CLARA STATE: CA ZIP: 95054 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Fortinet, Inc. CENTRAL INDEX KEY: 0001262039 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770560389 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 909 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 408-235-7700 MAIL ADDRESS: STREET 1: 909 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 FORMER COMPANY: FORMER CONFORMED NAME: FORTINET INC DATE OF NAME CHANGE: 20030902 4 1 form4-05022024_090510.xml X0508 4 2024-05-01 0001262039 Fortinet, Inc. FTNT 0001475587 Xie Ken C/O FORTINET, INC. 909 KIFER ROAD SUNNYVALE CA 94086 true true false false PRESIDENT & CEO 0 Common Stock 2024-05-01 4 M 0 11330 0 A 48689640 D Common Stock 2024-05-01 4 M 0 6015 0 A 48695655 D Common Stock 2024-05-01 4 M 0 6260 0 A 48701915 D Common Stock 2024-05-01 4 F 0 11705 63.53 D 48690210 D Common Stock 3243799 I By trust Common Stock 3243799 I By trust Common Stock 4256201 I By trust Common Stock 4256201 I By trust Restricted Stock Units 0 2024-05-01 4 M 0 11330 0 D Common Stock 11330 34005 D Restricted Stock Units 0 2024-05-01 4 M 0 6015 0 D Common Stock 6015 42120 D Restricted Stock Units 0 2024-05-01 4 M 0 6260 0 D Common Stock 6260 68860 D Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units. These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person. These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. 25% of the RSUs vested on February 1, 2022, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement. RSUs do not expire; they either vest or are canceled prior to the vesting date. 25% of the RSUs vested on February 1, 2023, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement. 25% of the RSUs vested on February 1, 2024, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement. /s/ Robert Turner, by power of attorney 2024-05-02