The estimated Net Worth of Michael Xie is at least $1.01 Billion dollars as of 1 August 2024. Mr. Xie owns over 24,712 units of Fortinet Inc stock worth over $831,315,460 and over the last 15 years he sold FTNT stock worth over $177,598,688. In addition, he makes $4,291,740 as President and Chief Technology Officer and Director at Fortinet Inc.
Michael has made over 120 trades of the Fortinet Inc stock since 2011, according to the Form 4 filled with the SEC. Most recently he sold 24,712 units of FTNT stock worth $1,386,590 on 1 August 2024.
The largest trade he's ever made was exercising 300,000 units of Fortinet Inc stock on 20 November 2023 worth over $22,992,000. On average, Michael trades about 27,272 units every 32 days since 2009. As of 1 August 2024 he still owns at least 10,847,018 units of Fortinet Inc stock.
You can see the complete history of Mr. Xie stock trades at the bottom of the page.
Michael Xie serves as President, Chief Technology Officer and Director of the Company. He has served as our President and Chief Technology Officer since November 2013 and as a member of the Board of Directors since February 2001. He previously served as our Vice President of Engineering and Chief Technology Officer after co-founding Fortinet in October 2000. Prior to co-founding Fortinet, he held positions as Vice President of Engineering for ServGate Technologies, Inc., a network security provider that was acquired by Amarium Technologies, Inc. in April 2006, Software Director and Architect for NetScreen and Senior Software Engineer for Milkyway Networks Corporation, a network security solutions provider. Mr. Michael Xie has an M.S. in electrical engineering from the University of Manitoba in Canada, as well as a B.S. and an M.S. in automobile engineering from Tsinghua University in China. Mr. Michael Xie has more than 20 years of technical and operational experience in the network security industry, which includes positions as the President and Chief Technology Officer of Fortinet, the Vice President of Engineering of ServGate and the Software Director and Architect of NetScreen. The Board of Directors believes that Mr. Michael Xie’s deep technical knowledge is invaluable in developing and improving Fortinet’s technology and network security products. The Board of Directors also believes Mr. Michael Xie provides valuable perspective and experience as a co-founder of Fortinet and one of its largest stockholders.
As the President and Chief Technology Officer and Director of Fortinet Inc, the total compensation of Michael Xie at Fortinet Inc is $4,291,740. There are 1 executives at Fortinet Inc getting paid more, with Ken Xie having the highest compensation of $9,629,920.
Michael Xie is 51, he's been the President and Chief Technology Officer and Director of Fortinet Inc since 2013. There are 11 older and 1 younger executives at Fortinet Inc. The oldest executive at Fortinet Inc is William Neukom, 78, who is the Lead Independent Director.
Michael's mailing address filed with the SEC is C/O FORTINET, INC., 909 KIFER ROAD, SUNNYVALE, CA, 94086.
Over the last 15 years, insiders at Fortinet Inc have traded over $297,363,224 worth of Fortinet Inc stock and bought 3,331 units worth $222,193 . The most active insiders traders include Pehong Chen, Ken Xie, and Michael Xie. On average, Fortinet Inc executives and independent directors trade stock every 6 days with the average trade being worth of $1,100,627. The most recent stock trade was executed by William H. Neukom on 6 September 2024, trading 459 units of FTNT stock currently worth $34,967.
fortinet (nasdaq: ftnt) is a worldwide provider of network security appliances and the market leader in unified threat management (utm). our products and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the it security infrastructure. our customers include enterprises, service providers and government entities worldwide, including the majority of the 2010 fortune global 100. fortinet’s flagship fortigate product delivers asic-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. fortinet’s broad product line goes beyond utm to help secure the extended enterprise – from endpoints, to the perimeter and the core, including databases and applications. fortinet is headquartered in sunnyvale, calif., with offices around the world.
Fortinet Inc executives and other stock owners filed with the SEC include: