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sellWeak cluster of 410b5-1 plan

Michael Xie sold $32M of FTNT

VP, ENGINEERING & CTO at Fortinet, Inc.. 326,784 shares at an average of $98.17, traded Mar 11, 2025, filed Mar 11, 2025.

Warning score
35
Value
$32M
326,784 shares
Holdings after
11,000,068
-3% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet

Score components

  • Role
    Officer
    +15
  • Trade size
    $32.1M at market
    +25
  • Share of holdings sold
    Sold 2.9% of holdings
    0
  • Cluster
    4 insiders selling within 14 days
    +15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

FTNTOct 9, 2026 · close 194.75
Since filing Mar 11, 2025: +98.2%SPY +42.8% · excess +55.4%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001415889-25-007744, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Mar 11, 2025SOpen-market sale
Common Stock10b5-1
-9,913$96.11$953k11,316,939Mar 11, 2025
Mar 11, 2025SOpen-market sale
Common Stock10b5-1
-92,915$97.34$9.0M11,224,024Mar 11, 2025
Mar 11, 2025SOpen-market sale
Common Stock10b5-1
-151,842$98.26$15M11,072,182Mar 11, 2025
Mar 11, 2025SOpen-market sale
Common Stock10b5-1
-69,914$99.30$6.9M11,002,268Mar 11, 2025
Mar 11, 2025SOpen-market sale
Common Stock10b5-1
-2,200$99.80$220k11,000,068Mar 11, 2025

Related signals

Other insiders at Fortinet, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
10Weak
FTNTsell 210b5-1
Fortinet, Inc.
Christiane Ohlgart
Chief Financial Officer
$8,640
48 shares
-0%
28Weak
FTNTsell 210b5-1
Fortinet, Inc.
John Whittle
CHIEF OPERATING OFFICER
$9.4M
56,700 shares
-38%
17Weak
FTNTsell10b5-1
Fortinet, Inc.
Christiane Ohlgart
Chief Financial Officer
$122k
1,164 shares
-16%
1Weak
FTNTbuy10b5-1
Fortinet, Inc.
William H. Neukom
director
$35k
335 shares
+0%
23Weak
FTNTsell 210b5-1
Fortinet, Inc.
Ken Xie
PRESIDENT & CEO
$17M
158,488 shares
-0%
4Weak
FTNTsell 210b5-1
Fortinet, Inc.
Michael Xie
VP, ENGINEERING & CTO
$376k
3,546 shares
-0%
22Weak
FTNTsell 410b5-1
Fortinet, Inc.
Kenneth A Goldman
director
$200k
2,000 shares
-10%
30Weak
FTNTsell 410b5-1
Fortinet, Inc.
Ken Xie
PRESIDENT & CEO
$20M
206,000 shares
-0%
20Weak
FTNTsell 410b5-1
Fortinet, Inc.
Kenneth A Goldman
director
$99k
1,000 shares
-5%
6Weak
FTNTbuy10b5-1
Fortinet, Inc.
William H. Neukom
director
$35k
328 shares
+0%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Michael Xie sold $32M of FTNT | InsiderTell