Fortinet COO Exercises and Sells $9.39M in Common Stock Under 10b5-1 Plan
Fortinet, Inc.
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Filing Summary
Fortinet, Inc. ($FTNT) Form 4 Filing Summary • Insider: Whittle John (Chief Operating Officer) • Transaction: Option Exercise & Sale of 56,700 shares • Total Sale Proceeds: ~$9.39M (Weighted average ~$165.60/share) • Post-Transaction Holdings: 96,987 shares • Trading Plan: Executed pursuant to a Rule 10b5-1 trading plan adopted June 5, 2026.
Comprehensive Analysis
Insider Transaction Overview
On September 14–15, 2026, John Whittle, Chief Operating Officer of Fortinet, Inc. ($FTNT), completed transactions involving the exercise of stock options and subsequent open-market sales of common stock.
Key Details:
- Option Exercises: 56,700 stock options exercised at an exercise price of $62.11 per share across two dates (53,865 shares on Sept 14, 2026, and 2,835 shares on Sept 15, 2026).
- Stock Dispositions: Total of 56,700 shares sold across multiple tranches:
- 52,707 shares at a weighted average price of $165.43
- 1,158 shares at a weighted average price of $166.02
- 2,835 shares at a price of $168.74
- Total Disposition Value: ~$9,389,808.24
- Net Share Holding Impact: Baseline common stock ownership remained constant at 96,987 direct shares post-transactions, as all newly acquired shares from the option exercises were liquidated.
- Plan Details: The transactions were executed pursuant to a pre-scheduled Rule 10b5-1 trading plan established on June 5, 2026.
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