FTNT Fortinet, Inc. Insider Trading

CEO Ken Xie sold 160,632 shares for $23.4M at FTNT on 2026-06-02 via scheduled 10b5-1 plan

Ken Xie, President & CEO of Fortinet, executed 8 separate sales totaling 160,632 shares for $23,385,058.82 (blended average $145.58 per share) on 2026-06-02 as part of a pre-arranged 10b5-1 trading plan adopted on 2024-12-09. This is a scheduled, non-discretionary transaction, and the insider retains 52,972,372 shares post-transaction representing a 0.3% reduction in holdings; derivative securities (461,470 nonqualified stock options) also remain outstanding. The stock price has surged 64.1% over the prior 30 days and 73.5% over the prior 90 days, reaching near its 52-week high of $149.03, suggesting the sales occurred in a period of significant momentum. The company reported $1.8B in quarterly revenue with 14.2% annual growth and a net income of $534.5M, supporting a current market capitalization of $107.3B, though the elevated P/E of 54.86 reflects investor expectations. Cross-ticker, Xie's prior 20 sales show an average 90-day return of −1.6%, while his five prior FTNT-specific sales (February and November 2025) posted mixed outcomes ranging from −7.0% to +6.5% over 90 days, offering limited predictive clarity. The scheduled nature of this sale under the 10b5-1 plan removes discretionary timing as a signal.

VP Engineering/CTO Michael Xie sold 3,907 shares at $146.44 avg via scheduled 10b5-1 plan; minimal position impact on 9.92M holdings.

Michael Xie executed 5 separate sales totaling 3,907 shares for $572,143.68 on 2026-06-03 under a pre-arranged 10b5-1 trading plan adopted 2026-03-04, representing a -0.0% reduction in his 9.92M share post-transaction holdings. The transaction was scheduled, not discretionary. Across his same-ticker history at FTNT, Xie's 5 prior sales showed mixed results: three February 2026 sales returned +0.6%, +1.4%, and +2.2% over 30 days, while two August 2025 sales returned -21.4% and -22.6% over the same period. Given the 10b5-1 structure, the timing of this sale relative to FTNT's +64.1% 30-day and +73.5% 90-day price appreciation cannot be attributed to insider discretion or foresight. The sale occurred at $146.44 average, -1.7% from the 52-week high of $149.03.

COO John Whittle sells 146,015 shares for $18.7M under pre-arranged 10b5-1 plan at FTNT

John Whittle, Chief Operating Officer of Fortinet, executed three separate sales totaling 146,015 shares for $18,749,948.40 on 2026-05-21 under a pre-arranged 10b5-1 trading plan adopted 2026-02-19. This represents a reduction of 60.7% of his pre-transaction holdings, leaving him with 94,724 shares post-sale. Since the transaction is scheduled rather than discretionary, it cannot be characterized as driven by current conviction or market timing. His cross-ticker track record shows prior sells averaged +11.0% 30-day return and +21.5% 90-day return, indicating those sales preceded price appreciation; at FTNT specifically, three prior measurable sales from 2024 also showed positive subsequent returns (ranging 2.1% to 22.6% over 90 days). The stock has appreciated 53.8% over the past 30 days and 67.4% over 90 days, trading at $133.93 currently against transaction prices of $128.15–$129.55. The company carries a P/E of 50.16 on strong fundamentals (revenue $1.8B, net income $534.5M, 14.2% annual revenue growth), so the valuation context does not indicate distress.

VP Engineering & CTO Michael Xie sold 343,106 shares at $81.01–$82.28 for $27.9M on 2026-02-02, reducing FTNT holdings 3.3%.

Xie executed 3 separate sales totaling 343,106 shares for $27,935,332.53, bringing post-transaction holdings to 10,210,282 shares. The blended average sale price of $81.42 exceeds the current price of $79.30, and the stock is -30.8% from its 52-week high of $114.57. At Fortinet, Xie's prior 5 trades show mixed timing: 3 of the 5 prior sales were well-timed (negative 90-day returns ranging from -12.2% to -12.6% on 2025-08-04 sales), while 2 sales in March 2025 occurred near a local bottom (one with +6.2% 90-day return). His cross-ticker track record over 19 prior sells shows a 42.11% well-timed rate with an average 90-day return of +8.8%, indicating historically poor timing across broader activity. This filing occurs as FTNT trades well below its 52-week high, with the insider retaining substantial post-transaction holdings (10.21M shares).

CEO Xie Ken sells 175,737 shares (175.7K) for $14,308,447.20 at blended $81.42 amid -30.8% YTD pullback

Xie Ken sold 175,737 shares across three tranches on 2026-02-02 for a combined $14,308,447.20, reducing his position to 51,396,385 shares (51.40M), a -0.3% reduction. The sales occurred at a blended average price of $81.42, currently 30.8% below the 52-week high of $114.57 and 2.6% above the current price of $79.30. Notably, the CEO's prior five trades at Fortinet were all well-timed at the 90-day mark with negative 90-day returns averaging -7.0%, suggesting a pattern of selling ahead of near-term declines. His cross-ticker track record shows a 75.00% well-timed rate across 20 prior open-market sales. The timing pattern is material given that the stock is already down 7.8% in the 90-day window and trading near the lower bound of its 52-week range. Despite this, the CEO retains a substantial position exceeding 51 million shares, indicating continued exposure to the company's $59.0B market capitalization and recent strong fundamentals ($1.7B quarterly revenue, $473.9M net income, +12.3% annual revenue growth).

FTNT CEO Xie Ken sold 158,485 shares for $13.7M via 3 scheduled transactions (10b5-1 plan) on 2025-11-03

Xie Ken, PRESIDENT & CEO of Fortinet, Inc., executed 3 separate sales totaling 158,485 shares for $13,710,381.19 on 2025-11-03 at an average price of $86.51. This transaction was conducted under a 10b5-1 trading plan adopted on 2024-12-09, meaning the sales were pre-arranged and scheduled rather than discretionary. The combined sale represents a -0.3% reduction in his post-transaction holdings of 51,391,879 shares. As a scheduled disposition under a pre-established plan, this filing reflects no new information about the CEO's current market view.

CEO Xie Ken sold 158,486 shares at blended avg $98.48 for $15.6M; stock now -8.9% in 30d

Xie Ken, President & CEO of Fortinet, executed three separate sales on 2025-08-04 totaling 158,486 shares for $15,607,891.28 at prices ranging from $97.35 to $98.94. The transaction reduced his holdings by only 0.3% (from 51.55M to 51.39M shares), representing a modest portfolio adjustment rather than a material position exit. Since the sale, the stock has declined 8.9% over 30 days and 9.8% over 90 days, and currently trades at $96.21, down 16.0% from its 52-week high of $114.57. At the same-ticker level, Xie Ken's five prior FTNT sales show mixed timing outcomes: two May 2025 sales preceded 30-day declines of -3.7% and -4.2% (well-timed), while three March 2025 sales were followed by positive returns of +1.0% to +3.0% (poorly timed). The company maintains strong fundamentals with $1.5B quarterly revenue, $433.4M net income, and 12.3% annual revenue growth, though the elevated P/E of 39.11 and recent stock weakness merit attention.

VP Engineering Xie Michael sells 476,596 shares (476.6K) for $46.9M at blended $98.48; retains 9.73M shares

Xie Michael, VP Engineering & CTO, executed 3 separate sales on 2025-08-04 totaling 476,596 shares for $46,936,042.91 at prices ranging from $97.39 to $98.93, reducing his holdings from 10,207,156 to 9,730,560 shares (-4.7%). The sales occurred at a blended average price of $98.48, which is currently 2.4% above the stock's present price of $96.21, placing these transactions near a near-term local peak. Across his prior 5 sales at FTNT, all subsequent 90-day returns were positive (ranging from +2.3% to +6.2%), meaning the stock consistently rose after he sold—a pattern of poorly-timed execution on this ticker. His cross-ticker track record shows an average 90-day return of +12.7% after sells with a well-timed rate of 31.25%, but his same-ticker history at FTNT reveals a 0% well-timed rate, suggesting his selling pattern at this security has not preceded downturns. The transaction occurs as FTNT trades 16% below its 52-week high and down 8.9% over the past 30 days, though the company maintains strong fundamentals with $1.5B in quarterly revenue, $433.4M in net income, and 12.3% annual revenue growth.

Director William H. Neukom bought 335 FTNT shares at $104.22 (June 6, 2025).

William H. Neukom, a Fortinet director, purchased 335 shares at $104.22 on June 6, 2025, adding to holdings of 301,471 shares (+0.1% increase). The purchase occurs at a price 8.4% below the 52-week high of $114.57 and follows a 30-day decline of 1.7%, though the stock is up 3.6% over 90 days. Among his five prior trades at FTNT, three have shown positive 90-day returns (timing well-aligned with gains); the most recent purchase on March 6, 2025 resulted in a -20.3% 30-day loss, suggesting mixed recent outcomes at this ticker despite his broader cross-ticker track record showing a 57.14% 90-day win rate. The modest transaction size ($34.9K) relative to his existing 301.1K-share base and the company's strong fundamentals (revenue $1.5B, net income $433.4M, 12.3% annual growth, market cap $80.3B) indicate a routine holding addition rather than a material conviction signal.

Fortinet CEO Xie Ken sold 158,488 shares for $16.8M on 2025-05-02; retains 51.39M shares post-sale.

Xie Ken executed 2 separate sales totaling 158,488 shares for $16,814,799.33 at a blended average price of $106.10, reducing his holdings by 0.3% against his pre-transaction position of 51.55M shares. The current stock price of $108.69 sits near the transaction prices and is 5.1% below the 52-week high of $114.57, while the stock has gained 28.3% over the prior 30 days and 5.8% over 90 days. His cross-ticker track record shows 20 prior sales with a 22.22% well-timed rate and an average 90-day return of +2.8% (indicating sales have been followed by gains more often than declines). At FTNT specifically, his 5 prior trades—all sales in February and March 2025—show mixed 30-day outcomes (+3.8%, +1.0%, +3.0%, +1.6%, and -9.3%) with no measurable 90-day outcomes yet. This transaction represents a routine open-market equity reduction by a controlling insider at a company with strong fundamentals (12.3% annual revenue growth, P/E 39.24, $1.5B quarterly revenue).