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Arphra AIPlain-English read on Fortinet, Inc.’s valuationInsider signal · 90d
Net sellers
Bought
$0
Sold
$860.3K
Txns
11
Over the trailing 90 days insiders are net sellers — $0 bought against $860.3K sold across 11 open-market Form-4 transactions. Much insider selling is scheduled (10b5-1); read the asymmetry, not any single print.
Open-market Form 4
· insider_tradesInsider transactions · last 730d
Net −$198.8M2 buys
| Insider | Role | Type | Shares | Value | Date |
|---|---|---|---|---|---|
| Ohlgart Christiane | officer: Chief Financial Officer | Sell | −238 | $27.4K | May 11, 2026 |
| Ohlgart Christiane | officer: Chief Financial Officer | Sell | −756 | $83.2K | May 07, 2026 |
| Ohlgart Christiane | officer: Chief Financial Officer | Sell | −596 | $53.5K | May 05, 2026 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | −2,028 | $180.7K | May 04, 2026 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | −190 | $16.5K | May 04, 2026 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | −63 | $5.6K | May 04, 2026 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | −197 | $17.4K | May 04, 2026 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | −137 | $12.3K | May 04, 2026 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | −410 | $35.7K | May 04, 2026 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | −425 | $37.4K | May 04, 2026 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | −4,383 | $390.6K | May 04, 2026 |
| Ohlgart Christiane | officer: Chief Financial Officer | Sell | −507 | $40.9K | Feb 03, 2026 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | −129,378 | $10.5M | Feb 02, 2026 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | −1,175 | $96.7K | Feb 02, 2026 |
Transaction mix · 730d
100%
Sells61 · $198.9M
Buys2 · $69.8K
Top sellers · 730d
Xie Michael · director, officer: VP, ENGINEERING & CTO−$107.9M
Xie Ken · director, officer: PRESIDENT & CEO−$85.8M
Jensen Keith · officer: Chief Financial Officer−$4.6M
Transactions
63
2 buys · 61 sells
Bought
$69.79K
Open market
Sold
$198.87M
Open market
Net flow
−$198.8M
Buys − sells
Transactions
| Insider | Role | Action | Shares | Price | Value | Trade date | Filing |
|---|---|---|---|---|---|---|---|
| Ohlgart Christiane | officer: Chief Financial Officer | Sell | 238 | $115.00 | $27.37K | May 11, 2026 | May 13, 2026 |
| Ohlgart Christiane | officer: Chief Financial Officer | Sell | 756 | $110.00 | $83.16K | May 07, 2026 | May 08, 2026 |
| Ohlgart Christiane | officer: Chief Financial Officer | Sell | 596 | $89.70 | $53.46K | May 05, 2026 | May 05, 2026 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 2,028 | $89.12 | $180.75K | May 04, 2026 | May 05, 2026 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 190 | $87.04 | $16.54K | May 04, 2026 | May 05, 2026 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 63 | $89.61 | $5.65K | May 04, 2026 | May 05, 2026 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 197 | $88.09 | $17.35K | May 04, 2026 | May 05, 2026 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 137 | $89.61 | $12.28K | May 04, 2026 | May 05, 2026 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 410 | $87.04 | $35.69K | May 04, 2026 | May 05, 2026 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 425 | $88.09 | $37.44K | May 04, 2026 | May 05, 2026 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 4,383 | $89.12 | $390.63K | May 04, 2026 | May 05, 2026 |
| Ohlgart Christiane | officer: Chief Financial Officer | Sell | 507 | $80.73 | $40.93K | Feb 03, 2026 | Feb 03, 2026 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 129,378 | $81.01 | $10.48M | Feb 02, 2026 | Feb 03, 2026 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 1,175 | $82.33 | $96.74K | Feb 02, 2026 | Feb 03, 2026 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 80,392 | $81.06 | $6.52M | Feb 02, 2026 | Feb 03, 2026 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 9,446 | $82.28 | $777.25K | Feb 02, 2026 | Feb 03, 2026 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 204,282 | $81.64 | $16.68M | Feb 02, 2026 | Feb 03, 2026 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 94,170 | $81.72 | $7.7M | Feb 02, 2026 | Feb 03, 2026 |
| Ohlgart Christiane | officer: Chief Financial Officer | Sell | 110 | $86.50 | $9.52K | Nov 04, 2025 | Nov 04, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 57,868 | $86.36 | $5M | Nov 03, 2025 | Nov 04, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 60,146 | $87.33 | $5.25M | Nov 03, 2025 | Nov 04, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 1,204 | $87.35 | $105.17K | Nov 03, 2025 | Nov 04, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 40,471 | $85.50 | $3.46M | Nov 03, 2025 | Nov 04, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 1,642 | $86.42 | $141.9K | Nov 03, 2025 | Nov 04, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 700 | $85.37 | $59.76K | Nov 03, 2025 | Nov 04, 2025 |
| Ohlgart Christiane | officer: Chief Financial Officer | Sell | 110 | $98.45 | $10.83K | Aug 05, 2025 | Aug 05, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 387,223 | $98.43 | $38.12M | Aug 04, 2025 | Aug 05, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 4,900 | $97.35 | $477.03K | Aug 04, 2025 | Aug 05, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 24,377 | $98.94 | $2.41M | Aug 04, 2025 | Aug 05, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 129,209 | $98.44 | $12.72M | Aug 04, 2025 | Aug 05, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 14,100 | $97.39 | $1.37M | Aug 04, 2025 | Aug 05, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 75,273 | $98.93 | $7.45M | Aug 04, 2025 | Aug 05, 2025 |
| NEUKOM WILLIAM H. | director | Buy | 335 | $104.22 | $34.91K | Jun 06, 2025 | Jun 06, 2025 |
| Ohlgart Christiane | officer: Chief Financial Officer | Sell | 1,164 | $104.71 | $121.88K | Jun 06, 2025 | Jun 06, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 766 | $105.66 | $80.93K | May 02, 2025 | May 05, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 120,952 | $106.24 | $12.85M | May 02, 2025 | May 05, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 37,536 | $105.64 | $3.97M | May 02, 2025 | May 05, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 2,780 | $106.24 | $295.34K | May 02, 2025 | May 05, 2025 |
| GOLDMAN KENNETH A | director | Sell | 2,000 | $100.00 | $200K | Mar 12, 2025 | Mar 12, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 9,913 | $96.11 | $952.69K | Mar 11, 2025 | Mar 11, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 92,915 | $97.34 | $9.04M | Mar 11, 2025 | Mar 11, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 151,842 | $98.26 | $14.92M | Mar 11, 2025 | Mar 11, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 69,914 | $99.30 | $6.94M | Mar 11, 2025 | Mar 11, 2025 |
| Xie Michael | director, officer: VP, ENGINEERING & CTO | Sell | 2,200 | $99.80 | $219.57K | Mar 11, 2025 | Mar 11, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 93,941 | $96.29 | $9.05M | Mar 10, 2025 | Mar 11, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 8,983 | $98.97 | $889.04K | Mar 10, 2025 | Mar 11, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 23,597 | $98.30 | $2.32M | Mar 10, 2025 | Mar 11, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 79,479 | $97.05 | $7.71M | Mar 10, 2025 | Mar 11, 2025 |
| GOLDMAN KENNETH A | director | Sell | 1,000 | $99.32 | $99.32K | Mar 10, 2025 | Mar 11, 2025 |
| NEUKOM WILLIAM H. | director | Buy | 328 | $106.34 | $34.88K | Mar 06, 2025 | Mar 06, 2025 |
| Jensen Keith | officer: Chief Financial Officer | Sell | 8,663 | $108.84 | $942.87K | Feb 26, 2025 | Feb 27, 2025 |
| Jensen Keith | officer: Chief Financial Officer | Sell | 8,142 | $109.44 | $891.05K | Feb 26, 2025 | Feb 27, 2025 |
| Jensen Keith | officer: Chief Financial Officer | Sell | 855 | $110.11 | $94.14K | Feb 26, 2025 | Feb 27, 2025 |
| Jensen Keith | officer: Chief Financial Officer | Sell | 6,436 | $113.57 | $730.94K | Feb 19, 2025 | Feb 20, 2025 |
| Jensen Keith | officer: Chief Financial Officer | Sell | 9,864 | $114.37 | $1.13M | Feb 19, 2025 | Feb 20, 2025 |
| Jensen Keith | officer: Chief Financial Officer | Sell | 7,200 | $112.43 | $809.51K | Feb 19, 2025 | Feb 20, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 8,534 | $107.20 | $914.85K | Feb 12, 2025 | Feb 13, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 7,520 | $106.09 | $797.82K | Feb 12, 2025 | Feb 13, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 3,367 | $107.65 | $362.46K | Feb 12, 2025 | Feb 13, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 3,300 | $105.22 | $347.24K | Feb 12, 2025 | Feb 13, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 100 | $109.99 | $11K | Feb 11, 2025 | Feb 13, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 6,243 | $109.30 | $682.37K | Feb 11, 2025 | Feb 13, 2025 |
| Xie Ken | director, officer: PRESIDENT & CEO | Sell | 16,357 | $108.54 | $1.78M | Feb 11, 2025 | Feb 13, 2025 |
By insider
- Xie Michael−$107.85Mdirector, officer: VP, ENGINEERING & CTO0B · 20S
- Xie Ken−$85.78Mdirector, officer: PRESIDENT & CEO0B · 26S
- Jensen Keith−$4.6Mofficer: Chief Financial Officer0B · 6S
- Ohlgart Christiane−$347.15Kofficer: Chief Financial Officer0B · 7S
- GOLDMAN KENNETH A−$299.32Kdirector0B · 2S
- NEUKOM WILLIAM H.+$69.79Kdirector2B · 0S
Beneficial ownership filings
Schedule 13D / 13G — investors holding more than 5% of FTNT-US.
DB · acquisition_ownership31
| Filed | Reporting person | Form | Type | Aggregate owned | % Class | Sole voting | Shared voting | Citizenship | |
|---|---|---|---|---|---|---|---|---|---|
| Apr 29, 2026 | Vanguard Capital Management | — | IA | — | +6.21% | 0 | 0 | PENNSYLVANIA | SEC → |
| Mar 26, 2026 | The Vanguard Group | — | IA | — | 0.00% | 0 | 0 | PENNSYLVANIA | SEC → |
| Dec 03, 2025 | The Vanguard Group | — | IA | — | +10.23% | 6.3M | 6.3M | PENNSYLVANIA | SEC → |
| Oct 30, 2025 | The Vanguard Group | — | IA | — | +9.86% | 6.26M | 6.26M | PENNSYLVANIA | SEC → |
| Feb 14, 2022 | 52-0556948 | — | IA | — | +6.50% | 4.43M | 0 | Maryland | SEC → |
| Feb 09, 2022 | Michael Xie | — | IN | — | +8.80% | 6.24M | 8.04M | United States | SEC → |
| Feb 09, 2022 | Xie | — | IN | — | +9.70% | 13.15M | 2.64M | States | SEC → |
| Feb 03, 2022 | (1) BlackRock, Inc. | — | HC | — | +7.10% | 10.35M | 0 | Delaware | SEC → |
| Feb 11, 2021 | Ken Xie | — | IN | — | +9.60% | 12.98M | 2.72M | United States | SEC → |
| Feb 07, 2018 | Xie Michael | — | IN | — | +8.71% | 6.75M | 7.88M | United States | SEC → |
| Feb 07, 2018 | Xie Ken | — | IN | — | +8.90% | 12.79M | 2.18M | United States | SEC → |
| Jan 29, 2016 | Wells Fargo & Company | — | HC | — | +5.39% | 35.35K | 8.52M | Delaware | SEC → |
| Feb 17, 2015 | Maverick Capital, Ltd. – 75-2482446 | — | IA | — | 0.00% | 0 | 0 | Texas | SEC → |
| Feb 17, 2015 | Andrew H. Warford | — | IN | — | 0.00% | 0 | 0 | Texas | SEC → |
| Feb 17, 2015 | Lee S. Ainslie III | — | HC | — | 0.00% | 0 | 0 | Texas | SEC → |
| Feb 17, 2015 | Maverick Capital Management, LLC – 75-2686461 | — | HC | — | 0.00% | 0 | 0 | Texas | SEC → |
| Feb 06, 2015 | (1) BlackRock, Inc. | — | HC | — | +5.30% | 8.29M | 0 | Delaware | SEC → |
| Feb 14, 2014 | Maverick Capital Management, LLC - 75-2686461 | — | HC | — | +6.60% | 0 | 10.86M | Texas | SEC → |
| Feb 14, 2014 | Lee S. Ainslie III | — | HC | — | +6.60% | 0 | 10.86M | Texas | SEC → |
| Feb 14, 2014 | Maverick Capital, Ltd. - 75-2482446 | — | IA | — | +6.60% | 0 | 0 | Texas | SEC → |
| Apr 29, 2013 | Xie Ken | — | IN | — | +8.80% | 13.53M | 631K | United States | SEC → |
| Feb 09, 2012 | (1) BlackRock, Inc. | — | HC | — | +6.67% | 10.27M | 0 | Delaware | SEC → |
| Feb 16, 2010 | FMR LLC | — | HC | — | +5.59% | 30.98K | 0 | Delaware | SEC → |
| Feb 16, 2010 | Edward C. Johnson 3d | — | IN | — | +5.59% | 0 | 0 | United States of America | SEC → |
| Feb 16, 2010 | Meritech Capital Affiliates II L.P. (“MC AFF II”) | — | PN | — | +0.20% | 157.77K | 0 | Delaware | SEC → |
| Feb 16, 2010 | MCP Entrepreneur Partners II L.P. (“MEP II”) | — | PN | — | +0.10% | 46.89K | 0 | Delaware | SEC → |
| Feb 16, 2010 | Meritech Capital Associates II LLC | — | OO | — | +9.50% | 6.34M | 6.34M | Delaware | SEC → |
| Feb 16, 2010 | Michael Gordon | — | IN | — | +9.50% | 0 | 6.34M | U.S. Citizen | SEC → |
| Feb 16, 2010 | Paul Madera | — | IN | — | +9.50% | 0 | 6.34M | U.S. Citizen | SEC → |
| Feb 16, 2010 | Meritech Management Associates II L.L.C | — | OO | — | +9.50% | 6.34M | 6.34M | Delaware | SEC → |
Showing 30 of 31 filings. All disclosures →
Congressional trading
DB · congress_trades0 buys1 sells1 total
| Chamber | Member | Office | Action | Amount | Trade date | Disclosed |
|---|---|---|---|---|---|---|
| House | Gilbert Cisneros | Gilbert Cisneros | Sale | $1,001 - $15,000 | Apr 14, 2026 | May 11, 2026 |
Top 10 holders · 8 quarters
13F position evolutionNo 13F history in
institutional_holders for FTNT-US.