Jensen Keith's Form 4 filing
Fortinet, Inc. (FTNT) · filed Feb 28, 2022
- Accession no.
- 0001209191-22-013540
- Filed
- Feb 28, 2022
- Trade date
- Feb 24, 2022
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 30 non-derivative transactions and 4 derivative transactions. Open-market sales total $4.35M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Jensen KeithCIK 0001418649 | Officer (CFO & Chief Accounting Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 24, 2022 | Common Stock | MOption exerciseAcquired | +2,501 | $49.06 | +$122,699.06 | 3,384 | Direct | |
| Feb 24, 2022 | Common Stock | MOption exerciseAcquired | +2,947 | $84.49 | +$248,992.03 | 6,331 | Direct | |
| Feb 24, 2022 | Common Stock | MOption exerciseAcquired | +2,547 | $114.48 | +$291,580.56 | 8,878 | Direct | |
| Feb 24, 2022 | Common Stock | MOption exerciseAcquired | +9,585 | $171.93 | +$1,647,949.05 | 18,463 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −600 | $277.65F2 | −$166,590 | 17,863 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −369 | $279.62F3 | −$103,179.78 | 17,494 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −415 | $282.09F4 | −$117,067.35 | 17,079 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −300 | $283.41F5 | −$85,023 | 16,779 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −100 | $285.15 | −$28,515 | 16,679 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −200 | $287.37F6 | −$57,474 | 16,479 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −200 | $288.34F7 | −$57,668 | 16,279 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −800 | $290.39F8 | −$232,312 | 15,479 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −200 | $290.89F9 | −$58,178 | 15,279 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −172 | $293.63F10 | −$50,504.36 | 15,107 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −300 | $295.35F11 | −$88,605 | 14,807 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −800 | $296.83F12 | −$237,464 | 14,007 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −606 | $297.66F13 | −$180,381.96 | 13,401 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −100 | $300.09 | −$30,009 | 13,301 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −600 | $301.47F14 | −$180,882 | 12,701 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −1,200 | $302.53F15 | −$363,036 | 11,501 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −700 | $303.94F16 | −$212,758 | 10,801 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −500 | $304.96F17 | −$152,480 | 10,301 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −1,724 | $305.92F18 | −$527,406.08 | 8,577 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −600 | $306.85F19 | −$184,110 | 7,977 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −298 | $307.83F20 | −$91,733.34 | 7,679 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −500 | $308.94F21 | −$154,470 | 7,179 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −443 | $310.57F22 | −$137,582.51 | 6,736 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −500 | $311.67F23 | −$155,835 | 6,236 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −611 | $312.34F24 | −$190,839.74 | 5,625 | Direct | |
| Feb 24, 2022 | Common Stock | SSaleDisposed | −1,615 | $313.68F25 | −$506,593.2 | 4,010 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 24, 2022 | Common Stock | MOption exerciseDisposed | −2,501 | $0.00 | $0 | 0 | Direct | |
| Feb 24, 2022 | Common Stock | MOption exerciseDisposed | −2,947 | $0.00 | $0 | 11,784 | Direct | |
| Feb 24, 2022 | Common Stock | MOption exerciseDisposed | −2,547 | $0.00 | $0 | 20,370 | Direct | |
| Feb 24, 2022 | Common Stock | MOption exerciseDisposed | −9,585 | $0.00 | $0 | 28,758 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
Represents the weighted average sale price. The lowest price at which shares were sold was $277.51 and the highest price at which shares were sold was $278.20. 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 (2) through (25) to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F3
Represents the weighted average sale price. The lowest price at which shares were sold was $279.27 and the highest price at which shares were sold was $280.00.
Referenced by the price of 1 transaction in Table I.
- F4
Represents the weighted average sale price. The lowest price at which shares were sold was $281.76 and the highest price at which shares were sold was $282.36.
Referenced by the price of 1 transaction in Table I.
- F5
Represents the weighted average sale price. The lowest price at which shares were sold was $283.32 and the highest price at which shares were sold was $283.59.
Referenced by the price of 1 transaction in Table I.
- F6
Represents the weighted average sale price. The lowest price at which shares were sold was $287.13 and the highest price at which shares were sold was $287.61.
Referenced by the price of 1 transaction in Table I.
- F7
Represents the weighted average sale price. The lowest price at which shares were sold was $288.24 and the highest price at which shares were sold was $288.44.
Referenced by the price of 1 transaction in Table I.
- F8
Represents the weighted average sale price. The lowest price at which shares were sold was $289.84 and the highest price at which shares were sold was $290.79.
Referenced by the price of 1 transaction in Table I.
- F9
Represents the weighted average sale price. The lowest price at which shares were sold was $290.85 and the highest price at which shares were sold was $290.92.
Referenced by the price of 1 transaction in Table I.
- F10
Represents the weighted average sale price. The lowest price at which shares were sold was $293.15 and the highest price at which shares were sold was $293.98.
Referenced by the price of 1 transaction in Table I.
- F11
Represents the weighted average sale price. The lowest price at which shares were sold was $295.02 and the highest price at which shares were sold was $295.58.
Referenced by the price of 1 transaction in Table I.
- F12
Represents the weighted average sale price. The lowest price at which shares were sold was $296.18 and the highest price at which shares were sold was $297.14.
Referenced by the price of 1 transaction in Table I.
- F13
Represents the weighted average sale price. The lowest price at which shares were sold was $297.21 and the highest price at which shares were sold was $298.08.
Referenced by the price of 1 transaction in Table I.
- F14
Represents the weighted average sale price. The lowest price at which shares were sold was $301.10 and the highest price at which shares were sold was $302.06.
Referenced by the price of 1 transaction in Table I.
- F15
Represents the weighted average sale price. The lowest price at which shares were sold was $302.31 and the highest price at which shares were sold was $303.00.
Referenced by the price of 1 transaction in Table I.
- F16
Represents the weighted average sale price. The lowest price at which shares were sold was $303.45 and the highest price at which shares were sold was $304.14.
Referenced by the price of 1 transaction in Table I.
- F17
Represents the weighted average sale price. The lowest price at which shares were sold was $304.52 and the highest price at which shares were sold was $305.46.
Referenced by the price of 1 transaction in Table I.
- F18
Represents the weighted average sale price. The lowest price at which shares were sold was $305.52 and the highest price at which shares were sold was $306.42.
Referenced by the price of 1 transaction in Table I.
- F19
Represents the weighted average sale price. The lowest price at which shares were sold was $306.52 and the highest price at which shares were sold was $307.50.
Referenced by the price of 1 transaction in Table I.
- F20
Represents the weighted average sale price. The lowest price at which shares were sold was $307.63 and the highest price at which shares were sold was $308.06.
Referenced by the price of 1 transaction in Table I.
- F21
Represents the weighted average sale price. The lowest price at which shares were sold was $308.68 and the highest price at which shares were sold was $309.51.
Referenced by the price of 1 transaction in Table I.
- F22
Represents the weighted average sale price. The lowest price at which shares were sold was $310.07 and the highest price at which shares were sold was $310.75.
Referenced by the price of 1 transaction in Table I.
- F23
Represents the weighted average sale price. The lowest price at which shares were sold was $311.11 and the highest price at which shares were sold was $311.88.
Referenced by the price of 1 transaction in Table I.
- F24
Represents the weighted average sale price. The lowest price at which shares were sold was $312.13 and the highest price at which shares were sold was $312.89.
Referenced by the price of 1 transaction in Table I.
- F25
Represents the weighted average sale price. The lowest price at which shares were sold was $313.23 and the highest price at which shares were sold was $314.13.
Referenced by the price of 1 transaction in Table I.
Remarks
This Form 4 is the first of two Forms 4 filed to report transactions by the Reporting Person that occurred on February 24, 2022. This Form 4 is split into two filings because the SEC's EDGAR filing system limits the number of transactions reported on a single Form 4.