| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PANW | Common Stock | Sale | -$1.16M | -3.5K | -5.72% | $330.05 | 57.7K | Jan 12, 2024 | See footnote | F1, F2, F3 |
| transaction | PANW | Common Stock | Sale | -$1.16M | -3.5K | -9.5% | $330.00 | 33.4K | Jan 12, 2024 | See footnote | F1, F4, F5 |
| transaction | PANW | Common Stock | Sale | -$1.68M | -5.1K | -8.84% | $330.05 | 52.6K | Jan 16, 2024 | See footnote | F1, F3, F6 |
| transaction | PANW | Common Stock | Sale | -$990K | -3K | -8.99% | $330.01 | 30.4K | Jan 16, 2024 | See footnote | F1, F5, F7 |
| holding | PANW | Common Stock | 6.44K | Jan 12, 2024 | See footnote | F8 | |||||
| holding | PANW | Common Stock | 4.74K | Jan 12, 2024 | Direct |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 8, 2023. |
| F2 | This sale price represents the weighted average sale price of the shares sold ranging from $330.00 to $330.12 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. |
| F3 | Shares held by The Donovan Family Living Trust U/A DTD 09/28/2012, for which the Reporting Person serves as co-trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |
| F4 | This sale price represents the weighted average sale price of the shares sold ranging from $330.00 to $330.09 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. |
| F5 | Shares held by SRJ Norway II Partners LP, for which the Reporting Person serves as general partner. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |
| F6 | This sale price represents the weighted average sale price of the shares sold ranging from $330.00 to $330.26 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. |
| F7 | This sale price represents the weighted average sale price of the shares sold ranging from $330.00 to $330.06 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. |
| F8 | Shares held by SRJ Norway Partners LP, for which the Reporting Person serves as general partner. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |