0001209191-23-027191.txt : 20230503 0001209191-23-027191.hdr.sgml : 20230503 20230503205027 ACCESSION NUMBER: 0001209191-23-027191 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230501 FILED AS OF DATE: 20230503 DATE AS OF CHANGE: 20230503 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Jensen Keith CENTRAL INDEX KEY: 0001418649 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34511 FILM NUMBER: 23886040 MAIL ADDRESS: STREET 1: C/O FORTINET, INC. STREET 2: 899 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94068 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Fortinet, Inc. CENTRAL INDEX KEY: 0001262039 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 770560389 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 899 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 408-235-7700 MAIL ADDRESS: STREET 1: 899 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 FORMER COMPANY: FORMER CONFORMED NAME: FORTINET INC DATE OF NAME CHANGE: 20030902 4 1 doc4.xml FORM 4 SUBMISSION X0407 4 2023-05-01 0 0001262039 Fortinet, Inc. FTNT 0001418649 Jensen Keith C/O FORTINET, INC. 899 KIFER ROAD SUNNYVALE CA 94086 0 1 0 0 CFO & Chief Accounting Officer 0 Common Stock 2023-05-01 4 M 0 4240 0.00 A 8809 D Common Stock 2023-05-01 4 M 0 3995 0.00 A 12804 D Common Stock 2023-05-01 4 M 0 1890 0.00 A 14694 D Common Stock 2023-05-01 4 F 0 5072 62.81 D 9622 D Restricted Stock Units 0.00 2023-05-01 4 M 0 4240 0.00 D Common Stock 4240 12735 D Restricted Stock Units 0.00 2023-05-01 4 M 0 3995 0.00 D Common Stock 3995 27960 D Restricted Stock Units 0.00 2023-05-01 4 M 0 1890 0.00 D Common Stock 1890 20795 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. 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, 2021, 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, 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. 25% of the RSUs will vest 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. /s/ Robert Turner, by power of attorney 2023-05-03