Ken Xie

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.

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 Ken Xie sells 158,485 shares ($13.7M) in 3 transactions at $85.50–$87.33; remains 51.39M shares post-sale.

Ken Xie, FTNT's President & CEO, executed 3 separate sales totaling 158,485 shares for $13,710,381.19 on 2025-11-03, representing a -0.3% reduction against his prior 51.55M share holdings. The blended average price of $86.51 compares to a current market price of $85.22, placing the stock -25.6% below its 52-week high of $114.57. Notably, Xie's prior 5 trades at FTNT (all sells, dating to 2025-05-02 and 2025-08-04) each posted negative 90-day returns, with 5 of 5 achieving well-timed outcomes at the 90-day mark. His cross-ticker track record shows 20 prior sells with a 60.00% well-timed rate, suggesting a pattern of executing sales ahead of subsequent price declines. Against a backdrop of 30-day stock weakness (-0.7%) and 90-day decline (-11.8%), this large sale by the company's top executive merits investor attention.

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.

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).

Fortinet CEO Ken Xie sold 206,000 shares for $19,967,936.39 across 4 transactions on 2025-03-10, retaining 51.39M shares post-sale.

Ken Xie, President & CEO of Fortinet, executed 4 separate sales totaling 206,000 shares (206.0K shares) for $19,967,936.39 ($20.0M) on 2025-03-10, at a blended average price of $96.93. This represents a -0.4% reduction in his holdings, leaving him with 51,391,879 shares (51.39M shares) post-transaction. The current share price of $98.28 sits -14.2% below the 52-week high of $114.57, and the stock has declined -8.7% over the prior 30 days. Xie's same-ticker history at Fortinet shows 5 prior sales—all executed on 2025-02-11 and 2025-02-12, with outcomes not yet measurable. The timing outcome of his prior sells at this ticker is not yet determinable, whereas his cross-ticker track record across all holdings shows 20 prior sells with an average 30-day return of +4.1%. The CEO's recent selling pattern (multiple tranches within the same day, following a cluster of sales less than a month prior) warrants monitoring alongside Fortinet's strong fundamentals: annual revenue growth of +12.3%, net income of $539,900,000.00 ($539.9M), and a market cap of $75,574,770,813.36 ($75.6B).

Fortinet CEO Ken Xie sold 45,421 shares for $4,891,066.94 across 7 transactions over 2 days

CEO Ken Xie executed 7 separate sales totaling 45,421 shares for $4,891,066.94 between February 11–12, 2025, at prices ranging from $105.22 to $109.99 (blended average $107.68). The sale reduced his holdings by 0.1%, leaving 51,447,879 shares post-transaction. Stock has appreciated 18.9% over 30 days and 16.8% over 90 days, currently trading at $109.98 near its 52-week high. Xie's cross-ticker track record shows 0% well-timed rate across 20 prior sells (average 90-day return +10.5%), and at FTNT specifically, prior recent sales showed positive 30-day returns (up to +19.7%) with outcomes not yet measurable at the 90-day horizon. The modest share reduction in context of a $84.3B market cap and strong fundamental backdrop (revenue growth +20.1%, net income $539.9M, P/E 54.99) limits the directional signal from this filing.

FTNT CEO Xie Ken sold 46,057 shares for $4.3M on 1/14–1/15 at avg $92.79; post-sale holdings 49.04M shares (-0.1%)

Xie Ken executed 4 separate sales totaling 46,057 shares for $4,273,793.33 across two trading days at prices ranging from $91.90 to $93.30, representing a blended average of $92.79. The sale reduces his holdings by only 0.1% to 49,039,698 shares, a modest reduction from an already substantial position. FTNT trades at $93.06 current price, well below the 52-week high of $99.21 (-6.2%) and down 5.2% over 30 days, though up 15.1% over 90 days; the company's fundamentals remain strong with $1.5B quarterly revenue, $539.9M net income, and 20.1% annual revenue growth, though the P/E of 46.53 reflects significant growth expectations. Xie Ken's cross-ticker track record shows 20 prior sells with a 0.00% well-timed rate, indicating his historical sells have not preceded stock declines; at Fortinet specifically, 5 prior sales on 2024-12-18 have outcomes still not yet measurable.

Fortinet CEO Ken Xie sells 45,844 shares for $4.4M across two days at blended $96.70 avg price

CEO Ken Xie executed 9 separate sales totaling 45,844 shares for $4,432,990.34 on 2024-12-17 and 2024-12-18, with transaction prices ranging from $93.53 to $99.21 and a blended average price of $96.70. This represents a -0.1% reduction in his post-transaction holdings of 49,002,422 shares. At the current price of $94.85 (4.4% below the 52-week high of $99.21), the stock is up 4.5% over the prior 30 days and 23.5% over 90 days, indicating strong recent momentum. His same-ticker history shows prior sales on 2024-11-12 and 2024-11-13 with mixed near-term results (ranging from -2.2% to +0.7% over 30 days), with no measurable 90-day outcomes yet. The sales occur in a context of robust fundamentals: annual revenue growth of +20.1%, a net income of $539,900,000.00 on revenue of $1,508,100,000.00, and a P/E of 47.42 reflecting market expectations for a high-growth cybersecurity vendor.

Fortinet CEO Xie Ken sells 45,834 shares for $4,527,749.47 across 6 transactions at blended avg $98.79

Xie Ken executed 6 separate sales totaling 45,834 shares for $4,527,749.47 on 2024-11-12 and 2024-11-13, at a blended average price of $98.79. His post-transaction holdings of 48,964,933 shares represent a -0.1% reduction from pre-transaction levels, a small percentage decrease relative to his substantial position. The current stock price of $94.46 is -4.7% from the 52-week high of $99.15, and the sales were executed near the high end of recent trading (transaction prices ranging $97.91–$100.13). His cross-ticker track record shows a 90d well-timed rate of 0.00% across 20 prior sells, and his same-ticker FTNT history at the 90-day mark remains unmeasurable for recent trades, offering no clear predictive signal about the directional accuracy of this sale.