Nir Zuk - Nov 22, 2024 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Nir Zuk
Stock symbol
PANW
Transactions as of
Nov 22, 2024
Transactions value $
-$219,494,420
Form type
4
Date filed
11/26/2024, 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 Options Exercise $97.3M +1.51M +132.68% $64.50 2.65M Nov 22, 2024 Direct
transaction PANW Common Stock Tax liability -$252M -657K -24.81% $383.36 1.99M Nov 22, 2024 Direct F1
transaction PANW Common Stock Sale -$1.62M -4.23K -0.21% $383.95 1.99M Nov 25, 2024 Direct F2
transaction PANW Common Stock Sale -$5.5M -14.3K -0.72% $385.01 1.97M Nov 25, 2024 Direct F3
transaction PANW Common Stock Sale -$29.5M -76.5K -3.88% $386.17 1.89M Nov 25, 2024 Direct F4
transaction PANW Common Stock Sale -$6.53M -16.9K -0.89% $386.73 1.88M Nov 25, 2024 Direct F5
transaction PANW Common Stock Sale -$5.4M -13.9K -0.74% $387.96 1.86M Nov 25, 2024 Direct F6
transaction PANW Common Stock Sale -$6.83M -17.6K -0.94% $389.00 1.85M Nov 25, 2024 Direct F7
transaction PANW Common Stock Sale -$3.5M -8.97K -0.49% $390.02 1.84M Nov 25, 2024 Direct F8
transaction PANW Common Stock Sale -$1.32M -3.38K -0.18% $391.18 1.83M Nov 25, 2024 Direct F9
transaction PANW Common Stock Sale -$1.18M -3K -0.16% $392.32 1.83M Nov 25, 2024 Direct F10
transaction PANW Common Stock Sale -$1.24M -3.14K -0.17% $393.39 1.83M Nov 25, 2024 Direct F11
transaction PANW Common Stock Sale -$2.32M -5.87K -0.32% $395.03 1.82M Nov 25, 2024 Direct F12
transaction PANW Common Stock Sale -$119K -300 -0.02% $395.79 1.82M Nov 25, 2024 Direct F13
holding PANW Common Stock 275K Nov 22, 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 -1.51M -100% $0.00 0 Nov 22, 2024 Common Stock 1.51M $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.