A Form 4 filed on August 13, 2026 discloses that Derek T. Kan, a director of Fortinet, Inc. (NASDAQ:FTNT), was granted 1,836 restricted stock units on August 12, 2026.

Key Highlights

  • Reporting person: Derek T. Kan, identified as a Director of Fortinet, Inc.
  • Grant date: August 12, 2026, with the filing submitted August 13, 2026.
  • RSUs awarded: 1,836 restricted stock units, each representing a contingent right to receive one share of common stock upon settlement.
  • Price of derivative security: $0, as reported in the filing.
  • Vesting schedule: RSUs vest in substantially equal increments on September 30, 2026; December 31, 2026; March 31, 2027; and the earlier of June 30, 2027 or the date immediately preceding Fortinet's 2027 annual meeting of stockholders.
  • Beneficial ownership following transaction: 1,836 derivative securities held directly.

Fortinet Director Derek Kan Granted RSUs Vesting Through 2027

According to the Form 4 filing, Derek T. Kan received a grant of 1,836 restricted stock units from Fortinet, Inc. on August 12, 2026. The filing records the transaction under Table II (Derivative Securities) with transaction code "A," indicating an acquisition. The RSUs carry a conversion or exercise price of $0 and an underlying security of Fortinet common stock on a one-for-one basis.

The filing explains that each RSU "represents a contingent right to receive one share of the Issuer's common stock upon settlement." Vesting is contingent on the reporting person's provision of services to the issuer on each applicable vesting date, occurring in substantially equal increments across four dates: September 30, 2026; December 31, 2026; March 31, 2027; and the earlier of June 30, 2027 or the date immediately preceding Fortinet's 2027 annual meeting of stockholders. The filing further notes that "RSUs do not expire; they either vest or are canceled prior to vest date."

Following the reported transaction, Kan's beneficial ownership of derivative securities stands at 1,836 units, held directly. The Form 4 was signed by Robert Turner, by power of attorney, on August 13, 2026. No transactions were reported in Table I (Non-Derivative Securities) for this filing.

What Was Disclosed

Fortinet director Derek T. Kan was granted 1,836 RSUs on August 12, 2026, vesting in equal increments across four dates through mid-2027, subject to continued service. Beneficial ownership following the grant totals 1,836 derivative securities held directly.