---
title: Fortinet CTO Michael Xie Has Sold $5.84B in FTNT Stock — Holds Zero Shares
type: news
slug: xie-ftnt-5-8b-career-insider-sales
canonical_url: https://13finsight.com/news/xie-ftnt-5-8b-career-insider-sales
published_at: 2026-03-02T10:53:23.060Z
updated_at: 2026-03-02T10:53:33.907Z
author: Alex Rivera
author_title: Breaking News Editor
author_url: https://13finsight.com/authors/alex-rivera
word_count: 178
locale: en
source: 13F Insight
---

# Fortinet CTO Michael Xie Has Sold $5.84B in FTNT Stock — Holds Zero Shares

> Fortinet co-founder and CTO Michael Xie has sold $5.84B in FTNT stock and now holds zero shares after his latest exercise-and-sell transactions.

Michael Xie, co-founder and CTO of Fortinet (FTNT), has sold $5.84 billion in company stock across 822 transactions — and now holds zero shares. The Numbers MetricValue Career Sell Value$5.84B Career Buy Value$0 Total Transactions822 Last Transaction2026-02-02 Shares Remaining0 Recent Activity DateTypeSharesPriceEst. Value 2026-02-02Sell9,446$82.2831$777K 2026-02-02Sell204,282$81.6387$16.7M 2026-02-02Sell129,378$81.0089$10.5M On Feb 2, 2026, Xie exercised 324,285 options at $16.90 and immediately sold 343,106 shares at ~$81–82, netting roughly $28M. This exercise-and-sell pattern has been his primary monetization method. What It Means Xie co-founded Fortinet in 2000 and has systematically converted his equity into cash over two decades. His $5.84B in total sales makes him one of the largest insider sellers in the cybersecurity sector. The zero-share position signals a complete exit from direct ownership. A founder-CTO holding zero shares is unusual. For FTNT investors, this warrants monitoring whether Xie retains unvested options or RSUs — the Form 4 filings show ongoing exercises, suggesting compensation continues even without a direct stake. What to Watch Remaining unvested option grants CTO role retention post-exit Fortinet board composition changes Peer CTO selling at PANW, CRWD

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Source: 13F Insight — https://13finsight.com/news/xie-ftnt-5-8b-career-insider-sales
Author: Alex Rivera — https://13finsight.com/authors/alex-rivera
Last updated: 2026-03-02T10:53:33.907Z