Michael Xie net worth and biography

Michael Xie Biography and Net Worth

VP of Fortinet
Michael Xie has served as our President and Chief Technology Officer since November 2013 and as a member of our 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.

What is Michael Xie's net worth?

The estimated net worth of Michael Xie is at least $1.49 billion as of August 2nd, 2022. Mr. Xie owns 29,772,120 shares of Fortinet stock worth more than $1,487,712,836 as of September 29th. This net worth estimate does not reflect any other investments that Mr. Xie may own. Additionally, Mr. Xie receives a salary of $802,670.00 as VP at Fortinet. Learn More about Michael Xie's net worth.

How old is Michael Xie?

Mr. Xie is currently 53 years old. There are 2 older executives and no younger executives at Fortinet. The oldest executive at Fortinet is Mr. Keith F. Jensen, CFO & Chief Accounting Officer, who is 63 years old. Learn More on Michael Xie's age.

What is Michael Xie's salary?

As the VP of Fortinet, Inc., Mr. Xie earned a total compensation package of $4,305,023.00 in 2020. Mr. Xie earned a salary of $445,000.00, stock awards of $1,865,337.00, options awards of $1,653,096.00, non-equity compensation of $343,090.00, and no other miscellaneous compensation. There are 2 executives that earn more than Mr. Xie. The highest earning executive at Fortinet is Mr. Ken Xie, Founder, Chairman & CEO, who commands a salary of $1,820,000.00 per year. Learn More on Michael Xie's salary.

How do I contact Michael Xie?

The corporate mailing address for Mr. Xie and other Fortinet executives is 899 KIFER ROAD, SUNNYVALE CA, 94086. Fortinet can also be reached via phone at (408) 235-7700 and via email at [email protected] Learn More on Michael Xie's contact information.

Has Michael Xie been buying or selling shares of Fortinet?

During the last quarter, Michael Xie has sold $501,310.88 in Fortinet stock. Most recently, Michael Xie sold 8,267 shares of the business's stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $60.64, for a transaction totalling $501,310.88. Following the completion of the sale, the vice president now directly owns 29,772,120 shares of the company's stock, valued at $1,805,381,356.80. Learn More on Michael Xie's trading history.

Who are Fortinet's active insiders?

Fortinet's insider roster includes Kelly Ducourty (Director), Keith Jensen (CFO), William Neukom (Director), Christopher Paisley (Director), John Whittle (VP), Ken Xie (CEO), and Michael Xie (VP). Learn More on Fortinet's active insiders.

Are insiders buying or selling shares of Fortinet?

During the last twelve months, insiders at the software maker sold shares 17 times. They sold a total of 97,185 shares worth more than $16,227,145.17. The most recent insider tranaction occured on August, 25th when CFO Keith Jensen sold 39,440 shares worth more than $1,994,480.80. Insiders at Fortinet own 18.6 % of the company. Learn More about insider trades at Fortinet.

Information on this page was last updated on 8/25/2022.

Michael Xie Insider Trading History at Fortinet

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
8/2/2022Sell8,267$60.64$501,310.8829,772,120View SEC Filing Icon  
5/9/2022Sell1,653$248.85$411,349.055,954,424View SEC Filing Icon  
11/2/2021Sell2,088$327.80$684,446.40View SEC Filing Icon  
8/24/2021Sell40,000$301.27$12,050,800.005,978,451View SEC Filing Icon  
8/2/2021Sell2,088$281.20$587,145.601,095View SEC Filing Icon  
5/24/2021Sell40,000$213.71$8,548,400.006,027,437View SEC Filing Icon  
2/24/2021Sell40,000$168.74$6,749,600.006,061,966View SEC Filing Icon  
2/9/2021Sell5,820$159.51$928,348.206,075,145View SEC Filing Icon  
11/24/2020Sell10,000$117.94$1,179,400.006,130,725View SEC Filing Icon  
11/2/2020Sell2,835$110.47$313,182.456,106,525View SEC Filing Icon  
8/24/2020Sell30,000$131.57$3,947,100.006,130,393View SEC Filing Icon  
8/3/2020Sell2,835$138.72$393,271.20
5/26/2020Sell30,000$140.17$4,205,100.006,158,691View SEC Filing Icon  
5/4/2020Sell2,835$105.63$299,461.056,168,500View SEC Filing Icon  
2/25/2020Sell26,828$106.05$2,845,109.406,186,340View SEC Filing Icon  
12/2/2019Sell100,000$103.66$10,366,000.006,306,828View SEC Filing Icon  
9/3/2019Sell40,000$78.13$3,125,200.006,338,989View SEC Filing Icon  
6/3/2019Sell40,000$70.43$2,817,200.006,388,548View SEC Filing Icon  
3/4/2019Sell60,000$84.06$5,043,600.006,444,644View SEC Filing Icon  
2/11/2019Sell9,124$81.54$743,970.966,460,100View SEC Filing Icon  
11/2/2018Sell73,780$81.71$6,028,563.809,309View SEC Filing Icon  
8/3/2018Sell165,780$73.43$12,173,225.406,694,500View SEC Filing Icon  
5/2/2018Sell3,780$56.02$211,755.606,694,500View SEC Filing Icon  
2/2/2018Sell19,790$45.30$896,487.007,181View SEC Filing Icon  
12/1/2017Sell40,000$41.95$1,678,000.006,692,200View SEC Filing Icon  
11/2/2017Sell3,585$38.60$138,381.006,714,500View SEC Filing Icon  
2/2/2017Sell69,095$33.15$2,290,499.256,484,500View SEC Filing Icon  
11/2/2016Sell3,585$31.77$113,895.456,484,500View SEC Filing Icon  
2/2/2016Sell7,670$27.45$210,541.506,482,000View SEC Filing Icon  
11/2/2015Sell2,887$34.78$100,409.866,284,400View SEC Filing Icon  
6/3/2015Sell55,000$40.05$2,202,750.00View SEC Filing Icon  
5/6/2015Sell72,233$37.69$2,722,461.77View SEC Filing Icon  
4/1/2015Sell30,000$33.99$1,019,700.00View SEC Filing Icon  
3/4/2015Sell30,000$33.72$1,011,600.00View SEC Filing Icon  
2/4/2015Sell30,000$30.92$927,600.00View SEC Filing Icon  
12/3/2014Sell50,000$27.42$1,371,000.00View SEC Filing Icon  
12/2/2014Sell25,000$27.42$685,500.00View SEC Filing Icon  
11/5/2014Sell25,000$26.48$662,000.00View SEC Filing Icon  
10/8/2014Sell31,600$24.84$784,944.00View SEC Filing Icon  
10/7/2014Sell9,100$25.02$227,682.00View SEC Filing Icon  
9/10/2014Sell70,000$26.23$1,836,100.00View SEC Filing Icon  
8/12/2014Sell20,000$24.99$499,800.00View SEC Filing Icon  
8/4/2014Sell2,210$24.05$53,150.50View SEC Filing Icon  
7/29/2014Sell20,000$25.24$504,800.00View SEC Filing Icon  
5/2/2014Sell2,209$21.98$48,553.826,628,000View SEC Filing Icon  
2/4/2014Sell6,762$20.58$139,161.966,628,000View SEC Filing Icon  
10/28/2013Sell2,600$20.05$52,130.00View SEC Filing Icon  
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Michael Xie Buying and Selling Activity at Fortinet

This chart shows Michael Xie's buying and selling at Fortinet by year and by quarter.

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Fortinet Company Overview

Fortinet logo
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
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Today's Range

Now: $49.65
Low: $48.50
High: $49.84

50 Day Range

MA: $52.82
Low: $48.29
High: $62.88

2 Week Range

Now: $49.65
Low: $47.37
High: $74.35

Volume

160,696 shs

Average Volume

5,207,771 shs

Market Capitalization

$39.15 billion

P/E Ratio

61.30

Dividend Yield

N/A

Beta

1.2