4Filing Date: Oct 1, 2026

Fortinet (FTNT) 4: Director vests 459 RSUs, no sale (Oct 1, 2026)

Statement of Changes in Beneficial Ownership

View SEC Filing
ACC: 0001302110-26-000034
Total Value$0
Trades3
Insiders1

Transaction Details

Hsieh Ming
Director·Direct
Exercise · Acquire
Common Stock
Shares+459
Price$0.00
Total Value$0
Shares Owned After10.06K
Transaction DateSep 30, 2026
Footnotes ▸

Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 12, 2026.

Hsieh Ming
Director·Direct
Exercise · Dispose
Restricted Stock UnitsDerivative
Shares-459
Price$0.00
Total Value$0
Shares Owned After1.38K
Transaction DateSep 30, 2026
Exercise Price$0.00
Footnotes ▸

Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. | Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 12, 2026. | The RSUs will vest in substantially equal increments on each of September 30, 2026, December 31, 2026, March 31, 2027, and the earlier of (i) June 30, 2027 and (ii) the date immediately preceding the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting. | RSUs do not expire; they either vest or are canceled prior to vest date.

Hsieh Ming
Director·Indirect · By Trust
Common Stock
Shares0
Price-
Total Value$0
Shares Owned After53.08K
Footnotes ▸

Securities held by The Ming Hsieh Trust (the "Hsieh Trust"). Mr. Hsieh is the trustee of the Hsieh Trust and possesses the sole voting and dispositive power with respect to securities held by the Hsieh Trust.

Post-Transaction Holdings

Hsieh Ming · Director
SecuritySharesChange
Common Stock63.14K+459 (0.73%)
Restricted Stock Units1.38K-459 (-25.00%)
auto_awesome

Deep Analysis

Fortinet director Ming Hsieh converted 459 restricted stock units into common stock on September 30, 2026 and sold none — a scheduled vesting event, not an open-market trade.

lock
Original SEC Filing Textexpand_more
=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-09-30 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Fortinet, Inc. (FTNT) CIK: 0001262039 --- Reporting Owner --- Name: Hsieh Ming CIK: 0001302110 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-09-30 | Code: M (Exercise of derivative) Shares: +459 | Price: $0.00 Shares Owned After: 10,056 | Ownership: D (Direct) Footnotes: [F1] Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 12, 2026. --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Units Date: 2026-09-30 | Code: M (Exercise of derivative) Shares: -459 | Price: $0.00 Exercise Price: $0.00 Shares Owned After: 1,377 | Ownership: D (Direct) Footnotes: [F6] Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. [F1] Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 12, 2026. [F7] The RSUs will vest in substantially equal increments on each of September 30, 2026, December 31, 2026, March 31, 2027, and the earlier of (i) June 30, 2027 and (ii) the date immediately preceding the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting. [F8] RSUs do not expire; they either vest or are canceled prior to vest date. --- Holdings --- [Holding #1] Security: Common Stock Ownership: I (Indirect) Footnotes: [F2] Securities held by The Ming Hsieh Trust (the "Hsieh Trust"). Mr. Hsieh is the trustee of the Hsieh Trust and possesses the sole voting and dispositive power with respect to securities held by the Hsieh Trust. [Holding #2] Security: Common Stock Ownership: I (Indirect) Footnotes: [F3] These securities are held by the Pauline Hsieh Irrevocable Trust dated 05/12/04, of which the Reporting Person is a trustee. [Holding #3] Security: Common Stock Ownership: I (Indirect) Footnotes: [F4] These securities are held by the Tiffany Hsieh Irrevocable Trust dated 05/12/04, of which the Reporting Person is a trustee. [Holding #4] Security: Common Stock Ownership: I (Indirect) Footnotes: [F5] These securities are held by the Ming Hsieh Revocable Family Trust, of which the Reporting Person is a trustee. --- Footnotes (Complete Index) --- F1: Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 12, 2026. F2: Securities held by The Ming Hsieh Trust (the "Hsieh Trust"). Mr. Hsieh is the trustee of the Hsieh Trust and possesses the sole voting and dispositive power with respect to securities held by the Hsieh Trust. F3: These securities are held by the Pauline Hsieh Irrevocable Trust dated 05/12/04, of which the Reporting Person is a trustee. F4: These securities are held by the Tiffany Hsieh Irrevocable Trust dated 05/12/04, of which the Reporting Person is a trustee. F5: These securities are held by the Ming Hsieh Revocable Family Trust, of which the Reporting Person is a trustee. F6: Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. F7: The RSUs will vest in substantially equal increments on each of September 30, 2026, December 31, 2026, March 31, 2027, and the earlier of (i) June 30, 2027 and (ii) the date immediately preceding the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting. F8: RSUs do not expire; they either vest or are canceled prior to vest date. --- Signature --- /s/ /s/ Robert Turner, by power of attorney (2026-10-01)

keid analysis is for reference only and does not constitute investment advice.