Form 4: Fortinet Director Kenneth Goldman Reports Changes in Beneficial Ownership
SEC Form 4
Director Kenneth Goldman reports the vesting of restricted stock units and related transactions involving Fortinet common stock.
Summary
- On March 31, 2025, Fortinet director Kenneth Goldman reported changes in his beneficial ownership of the company's stock.
- These changes include the vesting of 1,130 restricted stock units (RSUs), which converted into 1,130 shares of common stock.
- Goldman also reported indirect ownership of 20,750 shares held by the Goldman-Valeriote Family Trust and 1,000 shares held by GV Partners L.P.
- Following these transactions, Goldman directly owns 1,130 RSUs and 19,742 shares of common stock.
- He also indirectly owns 20,750 shares through the Goldman-Valeriote Family Trust and 1,000 shares through GV Partners L.P.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard part of regulatory compliance for publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The vesting of RSUs and subsequent acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 11/15/95 | Date of Goldman-Valeriote Family Trust u/a/d |
| 08/20/2024 | Date of grant of restricted stock units (RSUs) to the Reporting Person |
| 09/30/2024 | First vesting date of RSUs |
| 12/31/2024 | Second vesting date of RSUs |
| 03/31/2025 | Date of transaction (vesting of RSUs) |
| 03/31/2025 | Third vesting date of RSUs |
| 04/01/2025 | Date of signature |
| 06/30/2025 | Final vesting date of RSUs (earlier of this date or the date immediately preceding the Issuer's 2025 annual meeting of stockholders) |
Keywords
Form 4, Beneficial Ownership, Fortinet, FTNT, Kenneth Goldman, Restricted Stock Units, RSUs, Director, Common Stock
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