NIR ZUK - 22 Nov 2024 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Nir Zuk
Issuer symbol
PANW
Transactions as of
22 Nov 2024
Net transactions value
-$219,494,420
Form type
4
Filing time
26 Nov 2024, 16:30:08 UTC
Previous filing
18 Oct 2024
Next filing
14 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Options Exercise $97,339,156 +1,509,057 +133% $64.50 2,646,456 22 Nov 2024 Direct
transaction PANW Common Stock Tax liability $251,751,745 -656,698 -25% $383.36 1,989,758 22 Nov 2024 Direct F1
transaction PANW Common Stock Sale $1,622,176 -4,225 -0.21% $383.95 1,985,533 25 Nov 2024 Direct F2
transaction PANW Common Stock Sale $5,501,037 -14,288 -0.72% $385.01 1,971,245 25 Nov 2024 Direct F3
transaction PANW Common Stock Sale $29,527,487 -76,463 -3.9% $386.17 1,894,782 25 Nov 2024 Direct F4
transaction PANW Common Stock Sale $6,528,070 -16,880 -0.89% $386.73 1,877,902 25 Nov 2024 Direct F5
transaction PANW Common Stock Sale $5,398,796 -13,916 -0.74% $387.96 1,863,986 25 Nov 2024 Direct F6
transaction PANW Common Stock Sale $6,831,530 -17,562 -0.94% $389.00 1,846,424 25 Nov 2024 Direct F7
transaction PANW Common Stock Sale $3,499,649 -8,973 -0.49% $390.02 1,837,451 25 Nov 2024 Direct F8
transaction PANW Common Stock Sale $1,322,566 -3,381 -0.18% $391.18 1,834,070 25 Nov 2024 Direct F9
transaction PANW Common Stock Sale $1,176,960 -3,000 -0.16% $392.32 1,831,070 25 Nov 2024 Direct F10
transaction PANW Common Stock Sale $1,236,809 -3,144 -0.17% $393.39 1,827,926 25 Nov 2024 Direct F11
transaction PANW Common Stock Sale $2,318,013 -5,868 -0.32% $395.03 1,822,058 25 Nov 2024 Direct F12
transaction PANW Common Stock Sale $118,738 -300 -0.02% $395.79 1,821,758 25 Nov 2024 Direct F13
holding PANW Common Stock 274,914 22 Nov 2024 See footnote F14

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 -1,509,057 -100% $0.000000 0 22 Nov 2024 Common Stock 1,509,057 $64.50 Direct F15, F16
* 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 (i) cover the Reporting Person's payment of the exercise price and (ii) satisfy its income tax and withholding and remittance obligations in connection with the Reporting Person's exercise of stock options.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $383.45 to $384.43 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 $384.46 to $385.43 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 $385.46 to $386.44 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 $386.46 to $387.22 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 $387.50 to $388.48 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 $388.54 to $389.51 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 This sale price represents the weighted average sale price of the shares sold ranging from $389.63 to $390.50 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.
F9 This sale price represents the weighted average sale price of the shares sold ranging from $390.85 to $391.76 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.
F10 This sale price represents the weighted average sale price of the shares sold ranging from $392.00 to $392.99 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.
F11 This sale price represents the weighted average sale price of the shares sold ranging from $393.19 to $393.46 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.
F12 This sale price represents the weighted average sale price of the shares sold ranging from $394.47 to $395.45 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.
F13 This sale price represents the weighted average sale price of the shares sold ranging from $395.68 to $395.91 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.
F14 Shares are held by the Cliff Family Trusts for the benefit of the Reporting Person's children.
F15 This number reflects the Issuer's 3-for-1 stock split effected September 13, 2022.
F16 The shares subject to the option are fully vested and exercisable.