Insider trade

Director sold ~$17K of FTNT shares in the open market

Traded May 4, 2026 · Filed May 6, 2026

FortinetFTNT

~$17K
Reported value · 190 sh @ $87.0417: 9.93M
Holds after · shares reported: +100.3%
stock since the trade · S&P 500 +6.4%, $89.24 → $178.72 on Oct 1

Why it stands out

A board member of Fortinet sold $17K of Fortinet shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: May 4, 2026
Reporting period: Not applicable
Filed with the SEC: May 6, 2026

Director<$25KPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$16,538

Shares × reported transaction price

Timing vs results

88 days after results of Feb 5, 2026, 2 days before results of May 6, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $89.24 on May 4, 2026, 20% above its 52-week low and 18% below its high, after a 10% rise over the previous 30 trading days

52-week range $74.39 (Aug 8, 2025) to $108.69 (May 5, 2025), 43% of the way up, from 251 adjusted closes. 30 trading days earlier: $81.40 on Mar 20, 2026. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

Securities lawsuit open at the trade date

A securities lawsuit naming the company as a defendant was filed on Oct 16, 2025 in the U.S. District Court, N.D. California. A filing is an allegation, not a finding.

2 such cases were open. State of Rhode Island Office of the General Treasurer on Behalf of the Employees' Retirement System of the State of Rhode Island v. Fortinet, Inc., docket 3:25-cv-08888, via CourtListener (court records). Nature of suit 850, company named as first defendant

After it was reported

After	Stock	S&P 500	Difference
7 days	+30.8%	+1.2%	+29.7%
30 days	+60.8%	+0.5%	+60.3%
90 days	+87.1%	+5.1%	+82.0%

Past results only. Not a forecast.

Source receipt

Record ID: 0001475586-26-000010
Filed / recorded: May 6, 2026, 1:29 AM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Fortinet, Inc.
Issuer CIK: 1262039
Ticker: FTNT
Reporting person: Michael Xie
Relationship: Director, Officer
Officer title: VP, ENGINEERING & CTO
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: May 4, 2026
Transaction code: S
Shares / units: 190
Price per share: $87.0417
Acquired / disposed: Disposed (D)
Shares owned after: 9,929,805
Ownership form: Direct
Amendment: No

Footnotes from the filing

The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2024.
Represents the weighted average sale price. The lowest price at which shares were sold was $86.51 and the highest price at which shares were sold was $87.48. 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), (6) and (7) to this Form 4.

Around the same time

CEO sold ~$2.03M of Fortinet

Scheduled in advance4mo ago

CEO sold ~$2.74M of Fortinet

Scheduled in advance4mo ago

CEO sold ~$1.28M of Fortinet

Scheduled in advance4mo ago