Lee Klarich - Oct 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
Oct 20, 2024
Transactions value $
-$14,417,461
Form type
4
Date filed
10/22/2024, 04:30 PM
Previous filing
Oct 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Tax liability -$14.4M -38.5K -17.37% $374.83 183K Oct 20, 2024 Direct F1
holding PANW Common Stock 370K Oct 20, 2024 See footnote F2
* 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 Shares are held by the Lee and Susan Klarich 2005 Trust dtd 12/05/2005, for which the Reporting Person and his spouse serve as trustees.