Fortinet Director James G. Stavridis Acquires 459 Shares via RSU Settlement
Fortinet, Inc.
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Filing Summary
### Form 4 Filing: Fortinet, Inc. ($FTNT)
**Insider:** STAVRIDIS JAMES G. (Director)
**Date of Transaction:** 2026-09-30
**Filing Date:** 2026-10-01
- **Transaction:** Acquisition (Code: M - RSU Vesting)
- **Shares Acquired:** 459
- **Price:** $0.00
- **Total Value:** $0.00
- **Shares Owned After:** 17,648 (Direct)
- **Significance:** Low (Routine award vesting)
Comprehensive Analysis
Executive Summary
On October 1, 2026, Fortinet, Inc. ($FTNT) filed a Form 4 disclosing that Director James G. Stavridis acquired 459 shares of common stock on September 30, 2026. The transaction reflects the routine vesting and settlement of restricted stock units (RSUs) with an exercise price of $0.00.
Transaction Breakdown
- Security: Common Stock
- Transaction Code: M (Exercise or conversion of derivative security)
- Shares Acquired: 459 shares
- Transaction Price: $0.00
- Total Value: $0.00
- Post-Transaction Beneficial Ownership: 17,648 shares held directly
Derivative Activity
- Security Title: Restricted Stock Units
- Underlying Shares Settled: 459 shares
- Remaining Derivative Holdings: 1,377 RSUs scheduled to vest in quarterly increments through mid-2027.
Market & Trading Significance
This transaction carries Low significance. It represents routine, scheduled equity compensation vesting rather than open-market buying or selling activity, reflecting no discretionary market trade by the director.
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Important Disclaimer
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