Fortinet Inc.
08/22/2025 | Press release | Distributed by Public on 08/22/2025 04:01
Material Event (Form 8-K)
Item 8.01 Other Events.
On August 21, 2025, the Board of Directors of Fortinet, Inc. ("Fortinet") (i) authorized an increase of Fortinet's share repurchase program by $1 billion worth of shares of common stock for an aggregate authorized repurchase amount of up to $9.25 billion and (ii) extended the share repurchase program from February 28, 2026 to February 28, 2027. As of August 21, 2025, approximately $1.23 billion remained available under the existing program, including the $1 billion increase. Repurchases under Fortinet's share repurchase program may be made through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Fortinet's share repurchase program does not obligate Fortinet to acquire any particular amount of its common stock, and it may be suspended at any time at Fortinet's discretion. The timing and actual number of shares repurchased may depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities.
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