FTNT.NASDAQFortinet, INC
Form 4: Fortinet CEO Sells Shares
Sentiment:
Insider Transaction (Form 4)
Ken Xie, PRESIDENT & CEO and a Director of Fortinet, Inc., sold 161,482 shares of common stock on August 1, 2026.
Summary
- Option exercise/conversion: acquired 6,260 Common Stock on August 1, 2026; holds 52,978,632 after (Direct).
- Option exercise/conversion: acquired 4,558 Common Stock on August 1, 2026; holds 52,983,190 after (Direct).
- Option exercise/conversion: acquired 2,275 Common Stock on August 1, 2026; holds 52,985,465 after (Direct).
- Tax/exercise-price withholding: disposed of 6,611 Common Stock at $161.95 ($1,070,651) on August 1, 2026; holds 52,978,854 after (Direct).
- Option exercise/conversion: acquired 155,000 Common Stock at $22.90 ($3,549,500) on August 3, 2026; holds 53,133,854 after (Direct).
- Open-market sale: disposed of 18,409 Common Stock at $160.14 ($2,947,973) on August 3, 2026; holds 53,115,445 after (Direct).
- Open-market sale: disposed of 19,647 Common Stock at $160.82 ($3,159,689) on August 3, 2026; holds 53,095,798 after (Direct).
- Open-market sale: disposed of 7,350 Common Stock at $161.82 ($1,189,378) on August 3, 2026; holds 53,088,448 after (Direct).
- Open-market sale: disposed of 67,971 Common Stock at $163.08 ($11,084,853) on August 3, 2026; holds 53,020,477 after (Direct).
- Open-market sale: disposed of 47,943 Common Stock at $163.91 ($7,858,337) on August 3, 2026; holds 52,972,534 after (Direct).
- Open-market sale: disposed of 162 Common Stock at $164.49 ($26,647) on August 3, 2026; holds 52,972,372 after (Direct).
- Option exercise/conversion: disposed of 6,260 Restricted Stock Units on August 1, 2026; holds 12,520 after (Direct).
- Option exercise/conversion: disposed of 4,558 Restricted Stock Units on August 1, 2026; holds 27,346 after (Direct).
- Option exercise/conversion: disposed of 2,275 Restricted Stock Units on August 1, 2026; holds 22,754 after (Direct).
- Option exercise/conversion: disposed of 155,000 Nonqualified Stock Option (right to buy) on August 3, 2026; holds 306,470 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $26,266,878 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Ken Xie — Director, Officer (PRESIDENT & CEO)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-01 | Option exercise/conversion | Common Stock | 6,260 | — | — | 52,978,632 |
| 2026-08-01 | Option exercise/conversion | Common Stock | 4,558 | — | — | 52,983,190 |
| 2026-08-01 | Option exercise/conversion | Common Stock | 2,275 | — | — | 52,985,465 |
| 2026-08-01 | Tax/exercise-price withholding | Common Stock | 6,611 | $162 | $1.1M | 52,978,854 |
| 2026-08-03 | Option exercise/conversion | Common Stock | 155,000 | $23 | $3.5M | 53,133,854 |
| 2026-08-03 | Open-market sale | Common Stock | 18,409 | $160 | $2.9M | 53,115,445 |
| 2026-08-03 | Open-market sale | Common Stock | 19,647 | $161 | $3.2M | 53,095,798 |
| 2026-08-03 | Open-market sale | Common Stock | 7,350 | $162 | $1.2M | 53,088,448 |
| 2026-08-03 | Open-market sale | Common Stock | 67,971 | $163 | $11.1M | 53,020,477 |
| 2026-08-03 | Open-market sale | Common Stock | 47,943 | $164 | $7.9M | 52,972,534 |
| 2026-08-03 | Open-market sale | Common Stock | 162 | $164 | $26.6K | 52,972,372 |
| 2026-08-01 | Option exercise/conversion | Restricted Stock Units | 6,260 | — | — | 12,520 |
| 2026-08-01 | Option exercise/conversion | Restricted Stock Units | 4,558 | — | — | 27,346 |
| 2026-08-01 | Option exercise/conversion | Restricted Stock Units | 2,275 | — | — | 22,754 |
| 2026-08-03 | Option exercise/conversion | Nonqualified Stock Option (right to buy) | 155,000 | — | — | 306,470 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-01 | Option exercise/conversion (6,260 shares) |
| 2026-08-01 | Option exercise/conversion (4,558 shares) |
| 2026-08-01 | Option exercise/conversion (2,275 shares) |
| 2026-08-01 | Tax/exercise-price withholding (6,611 shares) |
| 2026-08-03 | Option exercise/conversion (155,000 shares) |
| 2026-08-03 | Open-market sale (18,409 shares) |
| 2026-08-03 | Open-market sale (19,647 shares) |
| 2026-08-03 | Open-market sale (7,350 shares) |
| 2026-08-03 | Open-market sale (67,971 shares) |
| 2026-08-03 | Open-market sale (47,943 shares) |
| 2026-08-03 | Open-market sale (162 shares) |
| 2026-08-01 | Option exercise/conversion (6,260 shares) |
| 2026-08-01 | Option exercise/conversion (4,558 shares) |
| 2026-08-01 | Option exercise/conversion (2,275 shares) |
| 2026-08-03 | Option exercise/conversion (155,000 shares) |
Keywords
insider transaction, Form 4, FTNT, Fortinet, Inc., bearish, Ken Xie
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