Form 4: Fortinet CTO Sells Shares
Insider Transaction (Form 4)
Michael Xie, VP, ENGINEERING & CTO and a Director of Fortinet, Inc., sold 3,121 shares of common stock on August 1, 2026.
Summary
- Option exercise/conversion: acquired 2,764 Common Stock on August 1, 2026; holds 9,921,124 after (Direct).
- Option exercise/conversion: acquired 2,242 Common Stock on August 1, 2026; holds 9,923,366 after (Direct).
- Option exercise/conversion: acquired 1,300 Common Stock on August 1, 2026; holds 9,924,666 after (Direct).
- Tax/exercise-price withholding: disposed of 3,185 Common Stock at $161.95 ($515,811) on August 1, 2026; holds 9,921,481 after (Direct).
- Open-market sale: disposed of 700 Common Stock at $160.36 ($112,252) on August 3, 2026; holds 9,920,781 after (Direct).
- Open-market sale: disposed of 200 Common Stock at $161.75 ($32,350) on August 3, 2026; holds 9,920,581 after (Direct).
- Open-market sale: disposed of 1,421 Common Stock at $163.12 ($231,791) on August 3, 2026; holds 9,919,160 after (Direct).
- Open-market sale: disposed of 800 Common Stock at $163.98 ($131,181) on August 3, 2026; holds 9,918,360 after (Direct).
- Option exercise/conversion: disposed of 2,764 Restricted Stock Units on August 1, 2026; holds 5,527 after (Direct).
- Option exercise/conversion: disposed of 2,242 Restricted Stock Units on August 1, 2026; holds 13,454 after (Direct).
- Option exercise/conversion: disposed of 1,300 Restricted Stock Units on August 1, 2026; holds 13,002 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $507,574 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Michael Xie — Director, Officer (VP, ENGINEERING & CTO)
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 | 2,764 | — | — | 9,921,124 |
| 2026-08-01 | Option exercise/conversion | Common Stock | 2,242 | — | — | 9,923,366 |
| 2026-08-01 | Option exercise/conversion | Common Stock | 1,300 | — | — | 9,924,666 |
| 2026-08-01 | Tax/exercise-price withholding | Common Stock | 3,185 | $162 | $515.8K | 9,921,481 |
| 2026-08-03 | Open-market sale | Common Stock | 700 | $160 | $112.3K | 9,920,781 |
| 2026-08-03 | Open-market sale | Common Stock | 200 | $162 | $32.4K | 9,920,581 |
| 2026-08-03 | Open-market sale | Common Stock | 1,421 | $163 | $231.8K | 9,919,160 |
| 2026-08-03 | Open-market sale | Common Stock | 800 | $164 | $131.2K | 9,918,360 |
| 2026-08-01 | Option exercise/conversion | Restricted Stock Units | 2,764 | — | — | 5,527 |
| 2026-08-01 | Option exercise/conversion | Restricted Stock Units | 2,242 | — | — | 13,454 |
| 2026-08-01 | Option exercise/conversion | Restricted Stock Units | 1,300 | — | — | 13,002 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-01 | Option exercise/conversion (2,764 shares) |
| 2026-08-01 | Option exercise/conversion (2,242 shares) |
| 2026-08-01 | Option exercise/conversion (1,300 shares) |
| 2026-08-01 | Tax/exercise-price withholding (3,185 shares) |
| 2026-08-03 | Open-market sale (700 shares) |
| 2026-08-03 | Open-market sale (200 shares) |
| 2026-08-03 | Open-market sale (1,421 shares) |
| 2026-08-03 | Open-market sale (800 shares) |
| 2026-08-01 | Option exercise/conversion (2,764 shares) |
| 2026-08-01 | Option exercise/conversion (2,242 shares) |
| 2026-08-01 | Option exercise/conversion (1,300 shares) |
Keywords
insider transaction, Form 4, FTNT, Fortinet, Inc., bearish, Michael Xie
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