Lee Klarich - Jan 29, 2024 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Lee Klarich
Stock symbol
PANW
Transactions as of
Jan 29, 2024
Transactions value $
-$12,533,681
Form type
4
Date filed
1/31/2024, 04:50 PM
Previous filing
Jan 23, 2024
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Options Exercise $2.9M +45K +22.72% $64.50 243K Jan 29, 2024 Direct
transaction PANW Common Stock Sale -$2.36M -6.9K -2.84% $341.51 236K Jan 29, 2024 Direct F1, F2
transaction PANW Common Stock Sale -$5.4M -15.8K -6.68% $342.44 220K Jan 29, 2024 Direct F1, F3
transaction PANW Common Stock Sale -$3.84M -11.2K -5.08% $343.38 209K Jan 29, 2024 Direct F1, F4
transaction PANW Common Stock Sale -$3M -8.7K -4.16% $344.31 201K Jan 29, 2024 Direct F1, F5
transaction PANW Common Stock Sale -$838K -2.43K -1.21% $345.01 198K Jan 29, 2024 Direct F1, F6
holding PANW Common Stock 400K Jan 29, 2024 See footnote F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PANW Stock Option (right to buy) Options Exercise $0 -45K -2.97% $0.00 1.47M Jan 29, 2024 Common Stock 45K $64.50 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 December 20, 2022.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $340.89 to $341.87 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 This sale price represents the weighted average sale price of the shares sold ranging from $341.89 to $342.885 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.
F4 This sale price represents the weighted average sale price of the shares sold ranging from $342.89 to $343.85 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 This sale price represents the weighted average sale price of the shares sold ranging from $343.89 to $344.725 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.
F6 This sale price represents the weighted average sale price of the shares sold ranging from $344.89 to $345.46 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 Shares are held by the Klarich 2005 Trust, for which the Reporting Person and his spouse serve as trustees.
F8 The shares subject to the option are fully vested and exercisable.