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

Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Lee Klarich
Issuer symbol
PANW
Transactions as of
29 Jan 2024
Net transactions value
-$12,533,681
Form type
4
Filing time
31 Jan 2024, 16:50:43 UTC
Previous filing
23 Jan 2024
Next filing
28 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Options Exercise $2,902,648 +45,000 +23% $64.50 243,105 29 Jan 2024 Direct
transaction PANW Common Stock Sale $2,356,398 -6,900 -2.8% $341.51 236,205 29 Jan 2024 Direct F1, F2
transaction PANW Common Stock Sale $5,403,998 -15,781 -6.7% $342.44 220,424 29 Jan 2024 Direct F1, F3
transaction PANW Common Stock Sale $3,842,743 -11,191 -5.1% $343.38 209,233 29 Jan 2024 Direct F1, F4
transaction PANW Common Stock Sale $2,995,506 -8,700 -4.2% $344.31 200,533 29 Jan 2024 Direct F1, F5
transaction PANW Common Stock Sale $837,684 -2,428 -1.2% $345.01 198,105 29 Jan 2024 Direct F1, F6
holding PANW Common Stock 400,000 29 Jan 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 -45,000 -3% $0.000000 1,472,079 29 Jan 2024 Common Stock 45,000 $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.