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Fortinet | 4: Statement of changes in beneficial ownership of securities-Officer Xie Ken

SEC announcement ·  Apr 18 08:55
Summary by Futu AI
Fortinet, Inc. President & CEO Ken Xie reported a series of transactions in the company's common stock, according to a recent filing. On April 16 and 17, 2024, Xie engaged in both acquisition and disposal of shares. He acquired a total of 83,333 shares through the exercise of derivative securities at a price of $9.812 per share. Concurrently, Xie sold a total of 47,996 shares in the open market, with prices ranging from $64.7374 to $65.52 per share, resulting in a total market value of approximately $3.11 million for the disposed shares. Following these transactions, Xie directly holds 48,678,310 shares of Fortinet. Additionally, the report disclosed indirect ownership of 15,000,000 shares held in trusts. The transactions are reported to be in progress.
Fortinet, Inc. President & CEO Ken Xie reported a series of transactions in the company's common stock, according to a recent filing. On April 16 and 17, 2024, Xie engaged in both acquisition and disposal of shares. He acquired a total of 83,333 shares through the exercise of derivative securities at a price of $9.812 per share. Concurrently, Xie sold a total of 47,996 shares in the open market, with prices ranging from $64.7374 to $65.52 per share, resulting in a total market value of approximately $3.11 million for the disposed shares. Following these transactions, Xie directly holds 48,678,310 shares of Fortinet. Additionally, the report disclosed indirect ownership of 15,000,000 shares held in trusts. The transactions are reported to be in progress.
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