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sellWeak cluster of 310b5-1 plan

Michael Xie sold $47M of FTNT

VP, ENGINEERING & CTO at Fortinet, Inc.. 476,596 shares at an average of $98.48, traded Aug 4, 2025, filed Aug 5, 2025.

Warning score
20
Value
$47M
476,596 shares
Holdings after
9,730,560
-5% from before
From 52-week low
+32%
low $74.49, close $98.55
From 52-week high
-14%
high $114.57, as of Aug 4, 2025

Score components

  • Role
    Officer
    +15
  • Trade size
    $46.9M at market
    +25
  • Share of holdings sold
    Sold 4.7% of holdings
    0
  • Cluster
    3 insiders selling within 14 days
    +15
  • 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 Aug 5, 2025: +102.4%SPY +25.7% · excess +76.8%

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 0001415889-25-021084, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Aug 1, 2025MOption exercise
Common Stock10b5-1
+2,030$0.00$010,205,640Aug 5, 2025
Aug 1, 2025MOption exercise
Common Stock10b5-1
+2,763$0.00$010,208,403Aug 5, 2025
Aug 1, 2025MOption exercise
Common Stock10b5-1
+2,242$0.00$010,210,645Aug 5, 2025
Aug 1, 2025FTax withholding
Common Stock10b5-1
-3,489$97.36$340k10,207,156Aug 5, 2025
Aug 4, 2025SOpen-market sale
Common Stock10b5-1
-14,100$97.39$1.4M10,193,056Aug 5, 2025
Aug 4, 2025SOpen-market sale
Common Stock10b5-1
-387,223$98.43$38M9,805,833Aug 5, 2025
Aug 4, 2025SOpen-market sale
Common Stock10b5-1
-75,273$98.93$7.4M9,730,560Aug 5, 2025
Aug 1, 2025MOption exercise
Restricted Stock Unitsderivative10b5-1
-2,030$0.00$04,060Aug 5, 2025
Aug 1, 2025MOption exercise
Restricted Stock Unitsderivative10b5-1
-2,763$0.00$016,581Aug 5, 2025
Aug 1, 2025MOption exercise
Restricted Stock Unitsderivative10b5-1
-2,242$0.00$022,423Aug 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%
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%

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 $47M of FTNT | InsiderTell