Fortinet (FTNT) CEO Ken Xie receives 31,320 new restricted stock units

Rhea-AI Filing Summary

Xie Ken reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc. President and CEO Ken Xie reported receiving a grant of 31,320 restricted stock units (RSUs) on February 20, 2026. Each RSU represents a right to receive one share of Fortinet common stock, with no purchase price listed for the award.

25% of the RSUs will vest on February 1, 2027, and the remaining 75% will vest in equal quarterly installments until the award is fully vested, as long as Xie continues providing services to Fortinet on each vesting date. Following this grant, he directly holds 31,320 RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Xie Ken

Role PRESIDENT & CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	31,320	$0.00	--

Holdings After Transaction: Restricted Stock Units — 31,320 shares (Direct)

Footnotes (1)

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. 25% of the RSUs will vest on February 1, 2027, 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Xie Ken

(Last) (First) (Middle)

C/O FORTINET, INC.

909 KIFER ROAD

(Street)

SUNNYVALE CA 94086

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Fortinet, Inc. [ FTNT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	02/20/2026		A		31,320		(2)	(3)	Common Stock	31,320	$0	31,320	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

2. 25% of the RSUs will vest on February 1, 2027, 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.

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

	/s/ Robert Turner, by power of attorney	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Fortinet (FTNT) report for Ken Xie?

Fortinet reported that President and CEO Ken Xie received a grant of 31,320 restricted stock units. These RSUs give him the right to receive an equal number of Fortinet common shares if vesting conditions tied to continued service are satisfied over time.

How many RSUs did Fortinet (FTNT) grant to CEO Ken Xie?

Ken Xie was granted 31,320 restricted stock units. Each RSU represents a contingent right to one share of Fortinet common stock, subject to vesting terms that require his continued service through specified quarterly vesting dates until the award becomes fully vested.

What is the vesting schedule for Ken Xie’s new Fortinet (FTNT) RSUs?

Twenty-five percent of Ken Xie’s RSUs will vest on February 1, 2027. The remaining 75% will then vest in equal installments on each quarterly anniversary, conditioned on his continued service to Fortinet at each vesting date, until all 31,320 RSUs are fully vested.

Do Ken Xie’s newly granted Fortinet (FTNT) RSUs have an expiration date?

The RSUs do not have a traditional expiration date. According to the disclosure, they either vest according to the stated schedule or are canceled before the vesting date if conditions such as continued service to Fortinet are not satisfied by the reporting person.

What does each Fortinet (FTNT) restricted stock unit granted to Ken Xie represent?

Each restricted stock unit granted to Ken Xie represents a contingent right to receive one share of Fortinet common stock. Shares are delivered only upon settlement after vesting, meaning he must satisfy the time-based service conditions before receiving actual common shares.

How many Fortinet (FTNT) RSUs does Ken Xie hold after this grant?

After this grant, Ken Xie directly holds 31,320 restricted stock units. These RSUs will convert into Fortinet common shares over time if the vesting requirements tied to continued service are met, making them a form of equity-based compensation rather than immediate stock ownership.