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M 10b5-1 Plan

$ Value

$2.5M

Shares

150,000

Price

$17

Filed

Aug 5

Insider

Name

Xie Ken

Title

PRESIDENT & CEO

CIK

0001475587

Roles

Director Officer

Transaction Details

Transaction Date

2025-08-04

Code

M

Table

Non-Derivative

Ownership

Direct

Equity Swap

No

Shares After

51,550,365

Footnotes

Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. | Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. | The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 9, 2024. | Represents the weighted average sale price. The lowest price at which shares were sold was $96.69 and the highest price at which shares were sold was $97.66. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (4), (5) and (6) to this Form 4. | Represents the weighted average sale price. The lowest price at which shares were sold was $97.71 and the highest price at which shares were sold was $98.70. | Represents the weighted average sale price. The lowest price at which shares were sold was $98.71 and the highest price at which shares were sold was $99.32 | These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person. | These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse. | Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. | 25% of the RSUs vested on February 1, 2023, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement. | RSUs do not expire; they either vest or are canceled prior to the vesting date. | 25% of the RSUs vested on February 1, 2024, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement. | 25% of the RSUs will vest on February 1, 2025, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement. | 1/4 of the shares subject to the option vested on February 21, 2020 and 1/48 of the shares subject to the option vest monthly thereafter.

Filing Info

Accession No.

0001415889-25-021079

Form Type

4

Issuer CIK

0001262039

Xie Ken's History

Date Ticker Type Value
2026-04-17 FTNT G $0
2026-04-17 FTNT G $0
2026-04-17 FTNT G $0
2026-04-17 FTNT G $0
2026-04-17 FTNT G $0
2026-04-17 FTNT G $0
2026-02-20 FTNT A $0
2026-02-02 FTNT M $2.3M
2026-02-02 FTNT $6.5M
2026-02-02 FTNT $7.7M

Other Insiders at FTNT (90d)

Insider Bought Sold Last
GOLDMAN KENNETH A 2026-03-31
Hsieh Ming 2026-03-31
Hu Jean X. 2026-03-31
Xie Michael
VP, ENGINEERING & CTO
$27.9M 2026-02-20
Xie Ken
PRESIDENT & CEO
$14.3M 2026-04-17
Whittle John
CHIEF OPERATING OFFICER
2026-02-20
Sim Judith 2026-03-31
STAVRIDIS JAMES G. 2026-03-31
Napolitano Janet 2026-03-31
Ohlgart Christiane
Chief Financial Officer
$41K 2026-04-17