FTNT Fortinet, Inc.
Price Chart
Executive Summary
Fortinet CEO Ken Xie and VP/CTO Michael Xie sold a combined ~$1.44M in open-market shares over a 7-day window. The CEO also exercised derivative options (non-cash) for 155,000 shares, with a small portion sold to cover tax obligations. The total open-market sales represent ~0.0013% of Fortinet's $109.7B market cap — a trivial amount that does not signal material insider concern.
Key Financial Metrics
Actionable Insight
Insider sales are immaterial in size — no actionable signal. Monitor next 10-Q for any fundamental changes, but this cluster alone does not warrant a trade.
Key Facts
- CEO Ken Xie sold 9,641 shares at ~$142.37 for $1.37M on 2026-06-02
- VP/CTO Michael Xie sold 464 shares at ~$144.46 for $67K on 2026-06-03
- CEO also exercised 155,000 derivative options (non-cash) on 2026-06-02
- Michael Xie gifted 2,500 shares at $0 (non-cash) on 2026-06-04
- Total open-market sales: ~$1.44M, representing ~0.0013% of $109.7B market cap
- No 10b5-1 plan information provided; sales appear isolated and small relative to market cap
Financial Impact
Open-market sales of ~$1.44M are negligible relative to $109.7B market cap
Risk Factors
- Insider sales could be misinterpreted as bearish by retail traders
- CEO exercised large option block — potential future selling of acquired shares could increase supply
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FTNT-1780697857898 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 6, 2026
today
|
ANALYST-UPGRADE
| $101.02 awaiting T+1 | awaiting T+1 | — | $144.68 (+43.22%) |
|
Jun 3, 2026
2d ago
|
Insider Cluster
| $149.55 $144.12 | ▼ −3.63% | ▼ −1.03% | $144.68 (−3.26%) |
|
May 31, 2026
6d ago
|
ANALYST-UPGRADE
| $81.43 $81.19 | ▲ +0.29% | ▼ −0.04% | $144.68 (−77.68%) |
|
May 22, 2026
15d ago
|
Insider Cluster
| — | awaiting T+1 | — | — |
|
May 4, 2026
4w ago
|
Insider Cluster
| $89.19 $89.87 | ▲ +0.76% | ▼ −0.03% | $144.68 (+62.22%) |
|
May 1, 2026
5w ago
|
ANALYST-UPGRADE
| $81.43 $81.19 | ▼ −0.29% | ▲ +0.04% | $144.68 (+77.68%) |
|
Apr 30, 2026
5w ago
|
Press Release
| — | awaiting T+1 | — | — |
|
Apr 2, 2026
9w ago
|
Press Release
| $82.53 $82.23 | ▼ −0.36% | ▼ −0.84% | $144.68 (+75.31%) |
US Market Status
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