Fortinet Director Ming Hsieh Acquires 459 Shares via RSU Vesting
Fortinet, Inc.
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Filing Summary
📊 Fortinet, Inc. ($FTNT) Insider Activity
Insider: Hsieh Ming (Director) Type: Option/RSU Settlement (Code M) Shares Transacted: 459 Price: $0.00 Total Value: $0.00 Direct Shares Owned After: 10,056 Date of Transaction: 2026-09-30
Note: Routine acquisition resulting from the quarterly vesting of Restricted Stock Units (RSUs). SEC Filing
Comprehensive Analysis
Overview
On October 1, 2026, Fortinet, Inc. ($FTNT) director Ming Hsieh filed a Form 4 disclosing the acquisition of 459 shares of common stock upon the vesting of Restricted Stock Units (RSUs) on September 30, 2026.
Transaction Details
- Security: Common Stock
- Transaction Code: M (Exercise or conversion of derivative security exempted pursuant to Rule 16b-3)
- Shares Acquired: 459 shares at $0.00 per share
- Post-Transaction Holdings:
- Direct: 10,056 shares
- Indirect:
- 53,082 shares via The Ming Hsieh Trust
- 25 shares via Pauline Hsieh Irrevocable Trust dated 05/12/04
- 25 shares via Tiffany Hsieh Irrevocable Trust dated 05/12/04
- 143 shares via Ming Hsieh Revocable Family Trust
- Remaining Derivative RSUs: 1,377 units
Assessment & Significance
This transaction carries Low trading significance. It reflects routine quarterly equity compensation vesting rather than open-market buying or selling. No shares were sold to cover tax obligations or disposed of on the open market in this filing.
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