FTNT · Nasdaq

Fortinet

Systems Software · Sunnyvale, California · founded 2000

Board members
9
CEO
Ken Xie
Insider buys, 12 mo
$0
Insider sales, 12 mo
$143.5M

Board of directors (9)

Directors with a Section 16 filing in the last 13 months. “Since” is the first filing as a director; SEC data sets start in 2016.

Ken Xie
President & CEOsince 2016 or earlier
Michael Xie
VP, Engineering & CTOsince 2016 or earlier
Ming Hsieh
Directorsince 2016 or earlier
Judith Sim
Directorsince Aug 2016
Jean X. Hu
Directorsince Oct 2019
Kenneth A. Goldman
Directorsince Oct 2020
James G. Stavridis
Directorsince Oct 2021+1 S&P board
Janet Napolitano
Directorsince Nov 2024
Derek T. Kan
Directorsince Jun 2026+1 S&P board

Executive officers (4)

Ken Xie
President & CEOsince 2016 or earlier
Christiane Ohlgart
Chief Financial Officersince Mar 2024
Michael Xie
VP, Engineering & CTOsince 2016 or earlier
John Whittle
Chief Operating Officersince 2016 or earlier

Company facts

Chair
—
In S&P 500 since
Oct 2018
Incorporated in
DE
Fiscal year ends
December
SEC industry
Computer Peripheral Equipment, NEC
SEC filings
EDGAR

Connections to other S&P 500 companies

Current directors and officers who also hold a role at another S&P 500 company.

Major holders (5% or more)

Latest Schedule 13D/13G filing per holder. Holders that reported falling below 5% are not shown. Index funds usually report once a year.

No 5% holder filings parsed yet for this company.

Insider trades

Open-market purchases and sales reported on Form 4. Grants, option exercises and tax withholding are excluded.

Buys, 12 mo
$0
0 trades · 0 insiders
Sales, 12 mo
$143.5M
66 trades · 4 insiders
Net, 12 mo
-$143.5M
Data through
Nov 2, 2026
latest trade shown
DateInsiderTypeSharesPriceValue
Nov 2, 2026Ken Xie
President & CEO
Sale32,988$126.17$4.2M
Nov 2, 2026Ken Xie
President & CEO
Sale11,916$127.41$1.5M
Nov 2, 2026Ken Xie
President & CEO
Sale13,083$128.27$1.7M
Nov 2, 2026Ken Xie
President & CEO
Sale13,800$129.51$1.8M
Nov 2, 2026Ken Xie
President & CEO
Sale60,167$130.44$7.8M
Nov 2, 2026Ken Xie
President & CEO
Sale20,329$131.12$2.7M
Nov 2, 2026Ken Xie
President & CEO
Sale6,500$132.31$860K
Nov 2, 2026Ken Xie
President & CEO
Sale2,700$133.83$361K
Nov 2, 2026Michael Xie
VP, Engineering & CTO
Sale621$126.08$78K
Nov 2, 2026Michael Xie
VP, Engineering & CTO
Sale400$127.60$51K
Nov 2, 2026Michael Xie
VP, Engineering & CTO
Sale400$129.34$52K
Nov 2, 2026Michael Xie
VP, Engineering & CTO
Sale1,100$130.62$144K
Nov 2, 2026Michael Xie
VP, Engineering & CTO
Sale300$131.29$39K
Nov 2, 2026Michael Xie
VP, Engineering & CTO
Sale200$132.92$27K
Nov 2, 2026Michael Xie
VP, Engineering & CTO
Sale100$133.95$13K
Sep 24, 2026Christiane Ohlgart
Chief Financial Officer
Sale48$180.00$9K
Sep 15, 2026John Whittle
Chief Operating Officer
Sale2,835$168.74$478K
Sep 14, 2026John Whittle
Chief Operating Officer
Sale1,158$166.02$192K
Sep 14, 2026John Whittle
Chief Operating Officer
Sale52,707$165.43$8.7M
Aug 4, 2026Christiane Ohlgart
Chief Financial Officer
Sale387$164.59$64K
Aug 3, 2026Ken Xie
President & CEO
Sale18,409$160.14$2.9M
Aug 3, 2026Ken Xie
President & CEO
Sale162$164.49$27K
Aug 3, 2026Ken Xie
President & CEO
Sale47,943$163.91$7.9M
Aug 3, 2026Ken Xie
President & CEO
Sale67,971$163.08$11.1M
Aug 3, 2026Ken Xie
President & CEO
Sale19,647$160.82$3.2M

Board and executive changes

Every 8-K with Item 5.02 (departure, election or appointment of directors and officers). The text is the first paragraph of the item.

  1. May 15, 2025

    Fortinet, Inc. (the “Company”) filed a Current Report on Form 8-K on February 6, 2025 disclosing, among other things, that, on February 4, 2025, Keith Jensen, the Company’s Chief Financial Officer, age 66, had notified the Company that he intended to retire on May 15, 2025 (the “Retirement”) and that, effective as of and contingent upon the Retirement, the Company intended to appoint Christiane Ohlgart, age 57, to serve as the Company’s Chief Financial Officer (including as its Principal Financial Officer). On May 13, 2025, the Board of Directors (the “Board”) of the Company appointed Ms. Ohlgart to serve as the Company’s Chief Financial Officer (including as its Principal Financial Officer), effective as of the Retirement. Ms. Ohlgart will remain as the Company’s Principal Accounting Officer. In connection with Ms.

    Read the 8-K filing
  2. Feb 6, 2025

    On February 4, 2025, Keith Jensen, Fortinet’s Chief Financial Officer, age 66, notified the Company that he intends to retire on May 15, 2025 after approximately 11 years of service in various roles at the Company (the “Retirement”). Following the Retirement, Mr. Jensen will continue to provide service to the Company through June 30, 2025 to support a smooth transition. The Company extends its gratitude to Mr. Jensen for his years of service on behalf of the Company. Mr. Jensen’s decision to retire was not the result of any disagreement with the Company. Effective as of and contingent upon the Retirement, the Company intends to appoint Christiane Ohlgart, age 57, to serve as Chief Financial Officer of the Company (including as its Principal Financial Officer). Ms. Ohlgart will remain as the Company’s Principal Accounting Officer. Ms.

    Read the 8-K filing
  3. Jan 22, 2025

    Fortinet, Inc. (the “Company”) filed a Current Report on Form 8-K on November 12, 2024 disclosing that, on November 6, 2024, the Board of Directors (the “Board”) of the Company appointed Janet Napolitano to join the Board as a director, with such appointment being effective as of November 7, 2024. At the time of Ms. Napolitano’s appointment, the Board had not yet determined on which of the Board’s standing committees Ms. Napolitano would serve. On January 17, 2025, the Board appointed Ms. Napolitano to the Cybersecurity Committee of the Board, effective immediately.

    Read the 8-K filing
  4. Nov 12, 2024

    On November 6, 2024, the Board of Directors (the “Board”) of Fortinet, Inc. (the “Company”) increased the size of the Board from nine to ten directors and filled the newly created vacancy on the Board by appointing Janet Napolitano to join the Board as a director, in each case, effective November 7, 2024. Ms. Napolitano will serve until the Company’s 2025 annual meeting of stockholders (the “2025 Annual Meeting”) and until Ms. Napolitano’s successor shall have been duly elected and qualified, or until Ms. Napolitano’s earlier death, resignation, disqualification or removal. There is no arrangement or understanding between Ms. Napolitano and the Company or any other person pursuant to which she was selected as a director. Ms. Napolitano has not yet been appointed to any standing committees of the Board.

    Read the 8-K filing
  5. Jul 24, 2024

    Fortinet, Inc. (the “Company”) filed a Current Report on Form 8-K on February 23, 2024 disclosing, among other things, that, on February 16, 2024, the Board of Directors (the “Board”) of the Company appointed Mary Agnes “Maggie” Wilderotter to join the Board as a director, with an initial term to expire at the Company’s 2024 annual meeting of stockholders (“2024 Annual Meeting”) and with such appointment being effective as of April 19, 2024. At the 2024 Annual Meeting, Ms. Wilderotter was reelected to serve as a member of the Board, with a term to expire at the Company’s 2025 annual meeting of stockholders and until her successor is duly elected and qualified or until her earlier death, resignation, disqualification or removal. At the time of Ms. Wilderotter’s appointment, the Board had not yet determined on which of the Board’s standing committees Ms. Wilderotter would serve.

    Read the 8-K filing
  6. Feb 23, 2024

    Wilderotter Appointment On February 16, 2024, the Board of Directors (the “Board”) of Fortinet, Inc. (the “Company”) increased the size of the Board from eight to nine directors and filled the newly created vacancy on the Board by appointing Mary Agnes “Maggie” Wilderotter to join the Board as a director, in each case, effective April 19, 2024. Ms. Wilderotter will serve until the Company’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”) and until Ms. Wilderotter’s successor shall have been duly elected and qualified, or until Ms. Wilderotter’s earlier death, resignation, disqualification or removal. There is no arrangement or understanding between Ms. Wilderotter and the Company or any other person pursuant to which she was selected as a director. Ms. Wilderotter has not yet been appointed to any standing committees of the Board.

    Read the 8-K filing
  7. Jan 18, 2024

    On January 15, 2024, John Whittle was appointed the Chief Operating Officer of Fortinet, Inc. (“Fortinet”). Mr. Whittle is 55 years old and will continue to also serve as Fortinet’s Corporate Secretary, a role he has held since January 2007. Mr. Whittle has served in various roles at Fortinet for over 17 years and, prior to this promotion, served as Fortinet’s Executive Vice President of Corporate Development from January 2019 to January 2024 and as Fortinet’s Chief Legal Officer from April 2022 to January 2024. Mr. Whittle served as Fortinet’s General Counsel from October 2006 to April 2022 and as Fortinet’s Vice President of Corporate Development from October 2010 until January 2019. Prior to working at Fortinet, Mr.

    Read the 8-K filing
  8. Dec 1, 2023

    On November 28, 2023, Patrice Perche, Fortinet’s Chief Revenue Officer and Executive Vice President of Support, age 61 years old, notified Fortinet, Inc. (the “Company”) that he intends to retire in mid-2024 after approximately 19 years of service in various roles at the Company. Mr. Perche intends to help transition his current responsibilities through his retirement date in order to ensure a successful and smooth transition. The Company extends its gratitude to Mr. Perche for his years of service on behalf of the Company. Mr. Perche’s decision to retire was not the result of any disagreement with the Company .

    Read the 8-K filing
  9. May 2, 2022

    On April 28, 2022, Kelly Ducourty notified the Board of Directors (the “Board”) of Fortinet Inc. (“Fortinet”) of her decision not to stand for reelection to the Board at Fortinet’s Annual Meeting of Stockholders to be held on June 17, 2022 (the “Annual Meeting”). Ms. Ducourty will continue to serve as a director until the date of the Annual Meeting.

    Read the 8-K filing
  10. Jan 26, 2022

    Fortinet, Inc. (the “Company”) filed a Current Report on Form 8-K on October 6, 2021 disclosing that, on October 4, 2021, the Board of Directors (the “Board”) of the Company appointed Admiral James Stavridis to join the Board as a director whose term will expire at the Company’s 2022 annual meeting of stockholders, with such appointment being effective as of October 22, 2021. At the time of Admiral Stavridis’ appointment, the Board had not yet determined on which of the Board’s standing committees Admiral Stavridis would serve. On January 21, 2022, the Board appointed Admiral Stavridis to the Social Responsibility Committee of the Board, effective immediately.

    Read the 8-K filing
  11. Oct 6, 2021

    On October 4, 2021, the Board of Directors (the “Board”) of Fortinet, Inc. (the “Company”) increased the size of the Board from eight to nine directors and filled the newly created vacancy on the Board by appointing Admiral James Stavridis to join the Board as a director, in each case, effective October 22, 2021. Admiral Stavridis’ initial term will last until the Company’s 2022 annual meeting of stockholders (the “2022 Annual Meeting”) and until Admiral Stavridis’ successor shall have been duly elected and qualified, or until Admiral Stavridis’ earlier death, resignation, disqualification or removal. There is no arrangement or understanding between Admiral Stavridis and the Company or any other person pursuant to which he was selected as a director. Admiral Stavridis has not yet been appointed to any standing committees of the Board.

    Read the 8-K filing
  12. Apr 28, 2021

    On April 23, 2021, Christopher B. Paisley notified the Board of Directors (the “Board”) of Fortinet Inc. (“Fortinet”) of his decision not to stand for reelection to the Board at Fortinet’s Annual Meeting of Stockholders to be held on June 18, 2021 (the “Annual Meeting”). Mr. Paisley will continue to serve as a director until the date of the Annual Meeting.

    Read the 8-K filing
  13. Oct 20, 2020

    Fortinet, Inc. (the “Company”) filed a Current Report on Form 8-K on August 26, 2020 disclosing that, on August 22, 2020, the Board of Directors (the “Board”) of the Company appointed Kenneth A. Goldman to join the Board as a director whose term will expire at the Company’s 2021 annual meeting of stockholders, with such appointment being effective as of October 16, 2020. At the time of Mr. Goldman’s appointment, the Board had not yet determined on which of the Board’s standing committees Mr. Goldman would serve. On October 16, 2020, the Board appointed Mr. Goldman to the Human Resources Committee of the Board, effective immediately.

    Read the 8-K filing
  14. Aug 26, 2020

    On August 22, 2020, the Board of Directors (the “Board”) of Fortinet, Inc. (the “Company”) increased the size of the Board from eight to nine directors and filled the newly created vacancy on the Board by appointing Kenneth A. Goldman to join the Board as a director, in each case, effective October 16, 2020. Mr. Goldman will serve until the Company’s 2021 annual meeting of stockholders (the “2021 Annual Meeting”) and until Mr. Goldman’s successor shall have been duly elected and qualified, or until Mr. Goldman’s earlier death, resignation, disqualification or removal. There is no arrangement or understanding between Mr. Goldman and the Company or any other person pursuant to which he was selected as a director. Mr. Goldman has not yet been appointed to any standing committees of the Board.

    Read the 8-K filing
  15. Apr 23, 2020

    Fortinet, Inc. (the “Company”) filed a Current Report on Form 8-K on February 28, 2020 disclosing that, on February 26, 2020, the Board of Directors (the “Board”) of the Company appointed Kelly Ducourty to join the Board as a director whose term will expire at the Company’s 2020 annual meeting of stockholders, with such appointment being effective as of April 17, 2020. At the time of Ms. Ducourty’s appointment, the Board had not yet determined on which of the Board’s standing committees Ms. Ducourty would serve. On April 17, 2020, the Board appointed Ms. Ducourty to the Human Resources Committee of the Board, effective as of the date of the Company’s 2020 Annual Meeting of Stockholders.

    Read the 8-K filing
Show 7 older changes
  1. Feb 28, 2020

    On February 26, 2020, the Board of Directors (the “Board”) of Fortinet, Inc. (the “Company”) increased the size of the Board from eight to nine directors and filled the newly created vacancy on the Board by appointing Kelly Ducourty to join the Board as a director, in each case, effective April 17, 2020. Ms. Ducourty will serve until the Company’s 2020 annual meeting of stockholders and until Ms. Ducourty’s successor shall have been duly elected and qualified, or until Ms. Ducourty’s earlier death, resignation, disqualification or removal. There is no arrangement or understanding between Ms. Ducourty and the Company or any other person pursuant to which she was selected as a director. Ms. Ducourty has not yet been appointed to any standing committees of the Board. The Company will file an amendment to this Form 8-K to disclose any such appointments after they are made.

    Read the 8-K filing
  2. Oct 23, 2019

    On October 18, 2019, the Board of Directors (the “Board”) of Fortinet, Inc. (the “Company”) increased the size of the Board from seven to eight directors and filled the newly created vacancy on the Board by appointing Jean Hu to join the Board as a director and a member of the Audit Committee of the Board (the “Audit Committee”), in each case, effective October 18, 2019. Ms. Hu will serve until the Company’s 2020 annual meeting of stockholders and until Ms. Hu’s successor shall have been duly elected and qualified, or until Ms. Hu’s earlier death, resignation, disqualification or removal. There is no arrangement or understanding between Ms. Hu and the Company or any other person pursuant to which she was selected as a director. In connection with her appointment to the Board, and in accordance with the Company’s non-employee director compensation policy, Ms.

    Read the 8-K filing
  3. May 3, 2018

    On April 30, 2018, Fortinet’s board of directors appointed Keith Jensen as Chief Financial Officer, effective May 1, 2018. Mr. Jensen had previously served as Fortinet’s Interim Chief Financial Officer since February 2018 and has served as Fortinet’s Chief Accounting Officer since July 2015. In connection with Mr. Jensen’s appointment as Chief Financial Officer, Fortinet’s board of directors has approved an annual base salary of $400,000 for Mr. Jensen and a target bonus of 60% of his annual base salary, which bonus shall supersede the bonus previously approved for Mr. Jensen in connection with his appointment as Interim Chief Financial Officer. Fortinet previously entered into a change of control severance agreement with Mr.

    Read the 8-K filing
  4. Feb 5, 2018

    On February 2, 2018, Andrew Del Matto informed Fortinet of his resignation from his position as Chief Financial Officer, effective February 16, 2018. On February 5, 2018, Fortinet’s board of directors appointed Keith Jensen as Interim Chief Financial Officer, effective February 16, 2018. Mr. Jensen has served as Fortinet’s Chief Accounting Officer since July 2015. Prior to that, Mr. Jensen served as Fortinet’s Vice President of Finance and Corporate Controller from May 2014 to July 2015. From November 2012 to May 2014, Mr. Jensen served in various positions at DataDirect Networks, Inc., a data storage provider, including as its Chief Accounting Officer and Chief Administrative Officer. From February 2006 to November 2012, Mr. Jensen served in various positions at Sybase, Inc. (which was acquired by SAP America, Inc.

    Read the 8-K filing
  5. Oct 19, 2017

    Fortinet, Inc. (the “Company”) filed a Current Report on Form 8-K on May 30, 2017 (as subsequently amended on May 31, 2017) disclosing that, on May 24, 2017, the Board of Directors (the “Board”) of the Company appointed Peter D. Cohen to join the Board as a Class I director whose term will expire at the Company’s 2019 annual meeting of stockholders, with such increase and appointment being effective as of July 14, 2017. For clarity, the Board increased the size of the Board to eight from seven, not to nine, and it currently stands at eight. At the time of Mr. Cohen’s appointment, the Board had not yet determined on which of the Board’s standing committees Mr. Cohen would serve. On October 13, 2017, the Board appointed Mr.

    Read the 8-K filing
  6. May 31, 2017

    On May 30, 2017, Fortinet, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Form 8-K”) disclosing that, on May 24, 2017, the Board of Directors (the “Board”) of the Company increased the size of the Board from eight to nine directors and filled the newly created vacancy on the Board by appointing Peter D. Cohen to join the Board as a Class I director whose term will expire at the Company’s 2019 annual meeting of stockholders, with such increase and appointment being effective as of July 14, 2017. This Amendment No. 1 to the Form 8-K is being filed to clarify that, with respect to the grant of restricted stock units (“RSUs”) to Mr. Cohen, the number of RSUs and the vesting applicable to such RSUs will be as determined by the Board in its discretion.

    Read the 8-K filing
  7. May 30, 2017

    On May 24, 2017, the Board of Directors (the “Board”) of Fortinet, Inc. (the “Company”) increased the size of the Board from eight to nine directors and filled the newly created vacancy on the Board by appointing Peter D. Cohen to join the Board as a Class I director whose term will expire at the Company’s 2019 annual meeting of stockholders. Such increase and appointment are effective as of July 14, 2017. There is no arrangement or understanding between Mr. Cohen and the Company or any other person pursuant to which he was selected as a director. Mr. Cohen has not yet been appointed to any standing committees of the Board. The Company will file an amendment to this Form 8-K to disclose any such appointments after they are made.

    Read the 8-K filing

Proxy statements (DEF 14A): 2026 · 2025 · 2024 · 2023 · 2022 · 2021

Share price

$118.84+1977% since 2016 board/officer change filed
14.7099.7918520172019202120232025

Annual financials

From the company's 10-K XBRL data (SEC companyfacts).

Fiscal yearRevenueNet incomeMarginDiluted EPSTotal assets
FY2025$6.8B$1.9B27.3%$2.42$10.4B
FY2024$6.0B$1.7B29.3%$2.26$9.8B
FY2023$5.3B$1.1B21.6%$1.46$7.3B
FY2022$4.4B$857.3M19.4%$1.06$6.2B
FY2021$3.3B$606.8M18.2%$0.73$5.9B
FY2020$2.6B$488.5M18.8%$0.58$4.0B
FY2019$2.2B$331.7M15.3%$1.90$3.9B
FY2018$1.8B$334.9M18.6%$1.92$3.1B

Former directors and officers (10)

People who stopped filing as an insider of this company. “Last filing” is the last Form 3/4/5, an upper bound on when they left.

Show the list
William H. Neukom
Director2016 or earlier – Jun 2025
Mary Agnes Wilderotter
DirectorApr 2024 – Jun 2025
Keith Jensen
Chief Financial Officer2016 or earlier – May 2025
Patrice Perche
Chief Revenue Off./EVP Supp.Apr 2022 – Dec 2023
Kelly Ducourty
DirectorApr 2020 – Jun 2022
Christopher B. Paisley
Director2016 or earlier – Jun 2021
Chenming Hu
DirectorOct 2020 – Oct 2020
Gary Locke
DirectorAug 2016 – Jun 2020
Peter Dale Cohen, Jr.
DirectorJul 2017 – Jun 2019
Andrew H. Del Matto
Chief Financial Officer2016 or earlier – Feb 2018
Fortinet (FTNT) board, executives and insiders | USBoard