Lee Klarich - Jan 20, 2024 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role
EVP, Chief Product Officer
Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Lee Klarich
Stock symbol
PANW
Transactions as of
Jan 20, 2024
Transactions value $
-$2,402,007
Form type
4
Date filed
1/23/2024, 05:08 PM
Previous filing
Dec 5, 2023
Next filing
Jan 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Tax liability -$2.4M -7.11K -3.47% $337.74 198K Jan 20, 2024 Direct F1, F2
holding PANW Common Stock 400K Jan 20, 2024 See footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported performance-based restricted stock units.
F2 This number corrects a previous report wherein a gift disposition by the Lee and Susan Klarich 2005 Trust dtd 12/05/2005 ("Klarich 2005 Trust") was inadvertently reported as coming from the Reporting Person's direct holdings.
F3 Shares are held by the Klarich 2005 Trust, for which the Reporting Person and his spouse serve as trustees.