Fortinet SEC Filings

Fortinet, Inc. reported the results of its Annual Meeting of Stockholders held on June 12, 2026. Holders of 645,371,440 shares of common stock, representing approximately 88.15% of shares eligible to vote, were present in person or by proxy, establishing strong quorum participation.

Stockholders elected nine directors to one-year terms ending at the 2027 Annual Meeting. Support levels varied by nominee, with votes for ranging from 483,789,941 to 571,412,763 and broker non-votes of 73,355,332 for each director candidate.

Stockholders also ratified the appointment of Deloitte & Touche LLP as Fortinet’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 604,142,871 votes for, 40,813,457 against, and 415,112 abstentions. In a non-binding advisory vote, stockholders approved the compensation of Fortinet’s named executive officers, with 506,869,004 votes for, 64,560,858 against, 586,246 abstentions, and 73,355,332 broker non-votes.

Fortinet director Ming Hsieh reported routine equity compensation activity involving restricted stock units. On June 11, 2026, 650 restricted stock units vested and were converted into 650 shares of Fortinet common stock at a stated price of $0.00 per share, increasing his directly held common stock to 9,597 shares. The RSUs were originally granted on August 20, 2025 and represent a contingent right to receive one share of common stock upon settlement. In addition to his direct holdings, Hsieh is trustee for several family trusts that collectively hold various indirect positions in Fortinet common stock, including 53,082 shares in the Ming Hsieh Revocable Family Trust and smaller amounts in other family trusts.

Fortinet director Janet Napolitano acquired 650 shares of common stock through the vesting and settlement of restricted stock units (RSUs). The RSUs were part of a grant made on August 20, 2025, and vest in four substantially equal installments tied to service through mid-2026. Following this vesting event on June 11, 2026, Napolitano directly holds 4,274 shares of Fortinet common stock.

Sim Judith reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc. director Judith Sim reported a routine equity compensation event involving restricted stock units (RSUs). On June 11, 2026, 650 RSUs vested and were settled into 650 shares of Fortinet common stock, increasing her directly held common stock to 129,542 shares.

The RSUs were granted on August 20, 2025 and each RSU represents a right to receive one share of common stock upon settlement. According to the vesting terms, the grant vests in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of June 30, 2026 or the day before Fortinet’s 2026 annual stockholder meeting, subject to continued service. RSUs do not expire; they either vest or are canceled before vesting.

Fortinet, Inc. director James G. Stavridis reported a routine equity compensation event involving 650 shares. On June 11, 2026, 650 Restricted Stock Units (RSUs) vested and were settled into 650 shares of Fortinet common stock at a stated price of $0.00 per share, reflecting an option/RSU exercise rather than an open-market purchase. Following this vesting, he directly holds 17,189 common shares. The RSUs were originally granted on August 20, 2025 and form part of a broader award that vests in substantially equal increments through mid-2026, conditional on continued service.

Fortinet director Jean X. Hu acquired 650 shares of common stock through the vesting of restricted stock units (RSUs). The RSUs, each representing a contingent right to one common share, vested as part of a grant awarded on August 20, 2025. Following this vesting and settlement, Hu directly holds 39,049 shares of Fortinet common stock.

Fortinet director Kenneth A. Goldman acquired 650 shares of common stock through the vesting of restricted stock units. These RSUs converted into common shares at a stated price of $0.00 per share. After this transaction, he holds 23,469 shares of Fortinet common stock directly.

In addition to his direct holdings, filings show 1,000 shares held indirectly through GV Partners L.P., a family limited partnership where he is the managing member, and 19,250 shares held indirectly through the Goldman-Valeriote Family Trust. As trustee, he may be deemed to have voting and dispositive power over the trust shares but disclaims beneficial ownership except for his pecuniary interest.

Fortinet, Inc. director and CTO Michael Xie reported bona fide gifts of 5,250 shares of common stock on June 4, 2026, all at a price of $0.00 per share. These are coded as "G" transactions, indicating non-market gifts rather than open-market sales.

Following the gifts, Xie holds 9,918,360 Fortinet shares directly and 9,918,860 shares indirectly through his spouse. Additional indirect holdings are reported through several family and grantor retained annuity trusts, with individual trust positions including 4,646,144, 5,513,505, and 25,680,202 shares as of the same date.

Fortinet, Inc.’s President & CEO Ken Xie reported a mix of stock option exercises and share sales. On June 2, 2026, he exercised 155,000 nonqualified stock options at $22.90 per share, converting them into common stock.

That same day, he sold 160,632 shares of common stock in multiple open-market transactions at weighted average prices generally between about $141.81 and $149.01, under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he directly holds 53,133,004 Fortinet shares, while his spouse holds an additional 4,848,774 shares indirectly reported as “by spouse.”