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Fortinet | 4: Statement of changes in beneficial ownership of securities-Officer Xie Michael

SEC announcement ·  Mar 7 16:16
Summary by Moomoo AI
On March 5, 2024, Michael Xie, VP of Engineering and CTO at Fortinet, Inc. [FTNT], completed a transaction involving the company's common stock. Xie disposed of 9,500,000 shares at no cost as a bona fide gift. Following this transaction, Xie directly holds 20,387,018 shares of Fortinet. In a simultaneous but separate action, an indirect acquisition of the same number of shares, 9,500,000, was made at no cost, attributed to Xie's spouse. After the indirect acquisition, the total amount of securities beneficially owned by Xie is 17,041,070 shares.
On March 5, 2024, Michael Xie, VP of Engineering and CTO at Fortinet, Inc. [FTNT], completed a transaction involving the company's common stock. Xie disposed of 9,500,000 shares at no cost as a bona fide gift. Following this transaction, Xie directly holds 20,387,018 shares of Fortinet. In a simultaneous but separate action, an indirect acquisition of the same number of shares, 9,500,000, was made at no cost, attributed to Xie's spouse. After the indirect acquisition, the total amount of securities beneficially owned by Xie is 17,041,070 shares.
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