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Fortinet | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Michael Xie(9.2%)

SEC announcement ·  Feb 13 16:47
Summary by Moomoo AI
Michael Xie, associated with Fortinet, Inc., has filed an amendment to Schedule 13G, indicating a change in ownership stake in the company. The filing, known as Amendment No. 16, was submitted to the United States Securities and Exchange Commission and is dated December 31, 2023. According to the document, Xie has sole voting power over 31,184,136 shares and shared voting power over 39,284,156 shares of Fortinet's common stock. This represents a 9.2% ownership of the class, based on the total number of shares outstanding as of the filing date. The shares include those held directly by Xie, as well as shares held by The K.A. Family Trust, The K.A. Children's Trust, and The Xie Foundation, with Xie serving in various trustee and director roles. However, Xie disclaims beneficial ownership of the shares held by The Xie Foundation. The filing is in accordance with Rule 13d-1(d) of the Securities Exchange Act of 1934.
Michael Xie, associated with Fortinet, Inc., has filed an amendment to Schedule 13G, indicating a change in ownership stake in the company. The filing, known as Amendment No. 16, was submitted to the United States Securities and Exchange Commission and is dated December 31, 2023. According to the document, Xie has sole voting power over 31,184,136 shares and shared voting power over 39,284,156 shares of Fortinet's common stock. This represents a 9.2% ownership of the class, based on the total number of shares outstanding as of the filing date. The shares include those held directly by Xie, as well as shares held by The K.A. Family Trust, The K.A. Children's Trust, and The Xie Foundation, with Xie serving in various trustee and director roles. However, Xie disclaims beneficial ownership of the shares held by The Xie Foundation. The filing is in accordance with Rule 13d-1(d) of the Securities Exchange Act of 1934.
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