Form 4: Fortinet Director William H. Neukom Reports Transaction
SEC Form 4 Filing
Director William H. Neukom reports a transaction involving Fortinet, Inc. stock.
Summary
- On September 6, 2024, William H. Neukom, a director of Fortinet, Inc., reported a transaction involving the company's common stock.
- Neukom acquired 459 shares of common stock at a price of $76.18 per share.
- The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 9, 2023.
- Following the transaction, Neukom directly owns 148,761 shares and indirectly owns 148,303 shares through a grantor retained annuity trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of a stock transaction by a company director under a pre-arranged trading plan.
Industry Context
This filing is a routine disclosure of a transaction by a company insider and doesn't necessarily indicate a broader trend in the cybersecurity industry or Fortinet's competitive position.
Key Dates
| Date | Description |
|---|---|
| June 9, 2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| August 21, 2024 | Date securities were transferred to a grantor retained annuity trust |
| September 6, 2024 | Date of the reported stock transaction |
| September 9, 2024 | Date of the Form 4 filing |
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