Transaction · 0001475586-26-000020

Xie Michael

Xie Michael, VP, CTO, reported an open-market or private sale at Fortinet, Inc. involving 400.000000 shares for an estimated $51039.00. Reported holdings after the transaction were 9920460.000000 shares. The stored filing text includes a detected 10b5-1 reference.

Open-market sellSEC transaction code SVP, CTO
FTNTFortinet, Inc.
Trade date
Nov 02, 2026
Filing date
Nov 03, 2026
View on SEC Insider profile
Disclosed value-$51.0kShares × reported price
Shares traded400$127.60 per share
Holdings after9.92MDirect
% of reported position traded<0.01%This security and ownership context
How reported position traded is calculated

Shares sold ÷ (holdings after + shares sold). Estimated position before: 9,920,860 shares.

Row-level estimate for this security and ownership context, not the insider’s complete portfolio. Joint ownership, other transactions in the filing, amendments and footnotes can affect interpretation.

FTNT price since this filing

Daily closing prices, with the filing date and available return windows
FTNT · Daily closing priceLoading daily prices…
Filing dateReturn windows appear as prices become available.
Pre-filing1mo ago +33.0%1w ago +34.7%1d ago +0.0%
Returns since7d30d90d180d1y

Transaction facts

Stored Form 4 columns with their raw values

Non-derivative
Type
Sell
Code S
Identifier
0001475586-26-000020
Common Stock
Transaction date
Nov 02, 2026
Filed Nov 03, 2026, 09:37 PM · 1d delay
Shares
400 sh
$127.60 per share
Estimated value
-$51.0k
Computed from shares × price
Holdings after
9,920,460 sh
Direct

Filing signal explanations

Badges describe filing facts only — not predictions.

Cluster 14dRepeat 30dPattern $100kLarge $1.00M
Direct Ownership Repeat Seller 10b5-1 Detected
Filing-only score

0 points

Compact filing score computed from stored Form 4 facts. Version v1.

Neutral filing signal

This filing is broadly neutral on the filing-only scale. The Form 4 facts do not strongly tilt positive or negative.

How this score is calculated
  • direct_ownership+6 points

    direct_or_indirect_ownership = D

    Direct ownership reports the insider's personal stake.
  • timely_filing+4 points

    reporting_delay_days = 1

    Filing reported within two business days of the transaction.
  • tenb5_1_detected-10 points

    is_10b5_1 = true

    Stored filing content includes detected 10b5-1 language.
Read the scoring methodology

Signed filing-only points, not a probability or expected return. Version v1.

Reported relationships & other filings

Form 4 relationship flags and nearby filing context

Reported roles

VP, Engineering & CTO

Officer YesDirector Yes10% NoOther No
Footnotes & amended
  1. F1

    Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.

  2. F2

    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 i…

  3. F3

    The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 4, 2026.

  4. F4

    Represents the weighted average sale price. The lowest price at which shares were sold was $125.93 and the highest price at which shares were sold was $126.30. The Reporting Person undertakes to provi…

  5. F5

    Represents the weighted average sale price. The lowest price at which shares were sold was $127.32 and the highest price at which shares were sold was $128.09.

  6. F6

    Represents the weighted average sale price. The lowest price at which shares were sold was $129.02 and the highest price at which shares were sold was $129.93.

  7. F7

    Represents the weighted average sale price. The lowest price at which shares were sold was $130.16 and the highest price at which shares were sold was $131.04.

  8. F8

    Represents the weighted average sale price. The lowest price at which shares were sold was $131.23 and the highest price at which shares were sold was $131.40.

  9. F9

    Represents the weighted average sale price. The lowest price at which shares were sold was $132.62 and the highest price at which shares were sold was $133.22.

  10. F10

    These securities are held by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.

  11. F11

    Shares held directly by the KAXX Trust under The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.

  12. F12

    Shares held directly by the KAJJ Trust under The K.A. Children's Trust dated February 9, 2011, for which the Reporting Person serves as a trustee.

  13. F13

    These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.

  14. F14

    These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.

  15. F15

    Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

  16. F16

    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, sub…

  17. F17

    RSUs do not expire; they either vest or are canceled prior to the vesting date.

  18. F18

    25% of the RSUs vested 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, sub…

  19. F19

    25% of the RSUs vested on February 1, 2026, 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, sub…

Original filing · 0001475586-26-000020
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