<SEC-DOCUMENT>0001475586-25-000004.txt : 20251104
<SEC-HEADER>0001475586-25-000004.hdr.sgml : 20251104
<ACCEPTANCE-DATETIME>20251104193700
ACCESSION NUMBER:		0001475586-25-000004
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251101
FILED AS OF DATE:		20251104
DATE AS OF CHANGE:		20251104

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Xie Michael
		CENTRAL INDEX KEY:			0001475586
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34511
		FILM NUMBER:		251451270

	MAIL ADDRESS:	
		STREET 1:		909 KIFER ROAD
		CITY:			SUNNYVALE
		STATE:			CA
		ZIP:			94086

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Fortinet, Inc.
		CENTRAL INDEX KEY:			0001262039
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER PERIPHERAL EQUIPMENT, NEC [3577]
		ORGANIZATION NAME:           	06 Technology
		EIN:				770560389
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		909 KIFER ROAD
		CITY:			SUNNYVALE
		STATE:			CA
		ZIP:			94086
		BUSINESS PHONE:		408-235-7700

	MAIL ADDRESS:	
		STREET 1:		909 KIFER ROAD
		CITY:			SUNNYVALE
		STATE:			CA
		ZIP:			94086

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FORTINET INC
		DATE OF NAME CHANGE:	20030902
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-11052025_121156.xml
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        <issuerName>Fortinet, Inc.</issuerName>
        <issuerTradingSymbol>FTNT</issuerTradingSymbol>
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            <rptOwnerName>Xie Michael</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet1>C/O FORTINET, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>909 KIFER ROAD</rptOwnerStreet2>
            <rptOwnerCity>SUNNYVALE</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94086</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>VP, ENGINEERING &amp; CTO</officerTitle>
            <otherText></otherText>
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                    <value>D</value>
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                <underlyingSecurityShares>
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                <transactionCode>M</transactionCode>
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                    <value>D</value>
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            <exerciseDate>
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                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                <underlyingSecurityShares>
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                <directOrIndirectOwnership>
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    <footnotes>
        <footnote id="F1">Vesting of restricted stock units (&quot;RSUs&quot;) previously granted to the Reporting Person.</footnote>
        <footnote id="F2">Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units.</footnote>
        <footnote id="F3">The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 10, 2024.</footnote>
        <footnote id="F4">Represents the weighted average sale price. The lowest price at which shares were sold was $84.91 and the highest price at which shares were sold was $85.89. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (4), (5) and (6) to this Form 4.</footnote>
        <footnote id="F5">Represents the weighted average sale price. The lowest price at which shares were sold was $85.93 and the highest price at which shares were sold was $86.85.</footnote>
        <footnote id="F6">Represents the weighted average sale price. The lowest price at which shares were sold was $87.07 and the highest price at which shares were sold was $87.54.</footnote>
        <footnote id="F7">These securities are held by the 2010 K.A. Family Trust dated May 3, 2010, for which the Reporting Person serves as a trustee.</footnote>
        <footnote id="F8">These securities are held by the KAXX Trust under the K.A. Children's Trust dated February 9, 2011, for which the Reporting Person and his spouse serve as trustees.</footnote>
        <footnote id="F9">These securities are held by the KAJJ Trust under the K.A. Children's Trust dated February 9, 2011, for which the Reporting Person and his spouse serve as trustees.</footnote>
        <footnote id="F10">These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person.</footnote>
        <footnote id="F11">These securities are held by a grantor retained annuity trust for the benefit of the Reporting Person's spouse.</footnote>
        <footnote id="F12">Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.</footnote>
        <footnote id="F13">25% of the RSUs vested on February 1, 2023, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.</footnote>
        <footnote id="F14">RSUs do not expire; they either vest or are canceled prior to the vesting date.</footnote>
        <footnote id="F15">25% of the RSUs vested on February 1, 2024, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.</footnote>
        <footnote id="F16">25% of the RSUs will vest on February 1, 2025, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Robert Turner, by power of attorney</signatureName>
        <signatureDate>2025-11-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
