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sellWeak cluster of 210b5-1 plan

Ken Xie sold $17M of FTNT

PRESIDENT & CEO at Fortinet, Inc.. 158,488 shares at an average of $106.10, traded May 2, 2025, filed May 5, 2025.

Warning score
23
Value
$17M
158,488 shares
Holdings after
51,391,879
-0% from before
From 52-week low
+43%
low $74.49, close $106.18
From 52-week high
-7%
high $114.57, as of May 2, 2025

Score components

  • Role
    CEO
    +25
  • Trade size
    $16.8M at market
    +25
  • Share of holdings sold
    Sold 0.3% of holdings
    0
  • Cluster
    2 insiders selling within 14 days
    +8
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -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 May 5, 2025: +79.2%SPY +40.5% · excess +38.7%

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 0001415889-25-012001, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 1, 2025MOption exercise
Common Stock10b5-1
+6,020$0.00$051,397,899May 5, 2025
May 1, 2025MOption exercise
Common Stock10b5-1
+6,260$0.00$051,404,159May 5, 2025
May 1, 2025MOption exercise
Common Stock10b5-1
+4,557$0.00$051,408,716May 5, 2025
May 1, 2025FTax withholding
Common Stock10b5-1
-8,349$104.21$870k51,400,367May 5, 2025
May 2, 2025MOption exercise
Common Stock10b5-1
+150,000$16.90$2.5M51,550,367May 5, 2025
May 2, 2025SOpen-market sale
Common Stock10b5-1
-37,536$105.64$4.0M51,512,831May 5, 2025
May 2, 2025SOpen-market sale
Common Stock10b5-1
-120,952$106.24$13M51,391,879May 5, 2025
May 1, 2025MOption exercise
Restricted Stock Unitsderivative10b5-1
-6,020$0.00$018,050May 5, 2025
May 1, 2025MOption exercise
Restricted Stock Unitsderivative10b5-1
-6,260$0.00$043,820May 5, 2025
May 1, 2025MOption exercise
Restricted Stock Unitsderivative10b5-1
-4,557$0.00$050,134May 5, 2025
May 2, 2025MOption exercise
Nonqualified Stock Option (right to buy)derivative10b5-1
-150,000$0.00$0434,880May 5, 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%
9Weak
FTNTsell 310b5-1
Fortinet, Inc.
Michael Xie
VP, ENGINEERING & CTO
$307k
3,546 shares
-0%
30Weak
FTNTsell 310b5-1
Fortinet, Inc.
Ken Xie
PRESIDENT & CEO
$14M
158,485 shares
-0%
2Weak
FTNTsell 310b5-1
Fortinet, Inc.
Christiane Ohlgart
Chief Financial Officer
$9,515
110 shares
-2%
2Weak
FTNTsell 310b5-1
Fortinet, Inc.
Christiane Ohlgart
Chief Financial Officer
$11k
110 shares
-2%
30Weak
FTNTsell 310b5-1
Fortinet, Inc.
Ken Xie
PRESIDENT & CEO
$16M
158,486 shares
-0%
20Weak
FTNTsell 310b5-1
Fortinet, Inc.
Michael Xie
VP, ENGINEERING & CTO
$47M
476,596 shares
-5%
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%

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.

Ken Xie sold $17M of FTNT | InsiderTell