4 unchanged sentences
A substantially greater number of holders of our common stock are “street name” or beneficial holders, whose shares are held by banks, brokers and other financial institutions.
−Removed: Table o f Contents
We have never declared or paid cash dividends on our capital stock.
11 unchanged sentences
the NASDAQ Computer Index
−Removed: December 2017 * December 2018 December 2019 December 2020 December 2021 December 2022
+Added: December 2018 *
+Added: December 2019
+Added: December 2020
+Added: December 2021
+Added: December 2022
+Added: December 2023
Fortinet, Inc.
4 unchanged sentences
Stockholder returns over the indicated period should not be considered indicative of future stockholder returns.
−Removed: Table o f Contents
Sales of Unregistered Securities
2 unchanged sentences
In January 2016, our board of directors approved our Share Repurchase Program (the “Repurchase Program”), which authorized the repurchase of up to $200.0 million of our outstanding common stock through December 31, 2017.
−Removed: From 2016 through 2021, our board of directors approved increases to our Repurchase Program by various amounts and extended the term to February 28, 2023, bringing the aggregated amount authorized to $4.25 billion.
−Removed: In July 2022, our board of directors approved a $1.0 billion increase, bringing the aggregate amount authorized to be repurchased to $5.25 billion.
+Added: From 2016 through 2022, our board of directors approved increases to our Repurchase Program by various amounts and extended the term to February 28, 2023.
In February 2023, our board of directors approved an extension of the Repurchase Program to February 29, 2024.
+Added: In April 2023 and July 2023, our board of directors approved $1.0 billion and $500.0 million increases in the authorized stock repurchase amount under the Repurchase Program, respectively, bringing the aggregate amount authorized to be repurchased to $6.75 billion.
Under the Repurchase Program, share repurchases may be made by us from time to time in privately negotiated transactions or in open market transactions.
1 unchanged sentence
Since its inception, we have repurchased 238.6 million shares of our common stock under the Repurchase Program for an aggregate purchase price of $6.22 billion.
−Removed: There were no repurchases of common stock during the three months ended December 31, 2022.
−Removed: As of December 31, 2022, $529.6 million remained available for future share repurchases under the Repurchase Program.
−Removed: Table o f Contents
+Added: The following table provides information with respect to the shares of common stock we repurchased under the Repurchase Program during the three months ended December 31, 2023 (in millions, except average price paid per share amounts):
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plan or Program
+Added: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
+Added: October 1 - October 31, 2023
+Added: 7.7 $ 57.43 7.7 $ 980.0
+Added: November 1 - November 30, 2023
+Added: 9.1 $ 49.75 9.1 $ 529.1
+Added: December 1 - December 31, 2023
+Added: — $ — — $ 529.1
+Added: Total 16.8 $ 53.29 16.8
+Added: In January 2024, our board of directors approved a $500.0 million increase in the authorized stock repurchase amount under the Repurchase Program, bringing the aggregate amount authorized to be repurchased to $7.25 billion of our outstanding common stock.
+Added: As of February 23, 2024, approximately $1.03 billion remained available for future share repurchases.
+Added: In February 2024, our board of directors approved an extension of the Repurchase Program to February 28, 2025.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.