NIR ZUK - 02 Jun 2025 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role
EVP, Chief Technology Officer, Director
Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Nir Zuk
Issuer symbol
PANW
Transactions as of
02 Jun 2025
Net transactions value
-$19,336,477
Form type
4
Filing time
03 Jun 2025, 16:30:10 UTC
Previous filing
05 May 2025
Next filing
03 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
ZUK NIR EVP, Chief Technology Officer, Director C/O PALO ALTO NETWORKS INC., 3000 TANNERY WAY, SANTA CLARA /s/ Elizabeth Villalobos, Attorney-in-Fact for Nir Zuk 03 Jun 2025 0001250333

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Sale $7,122,695 -36,977 -1.1% $192.62 3,406,539 02 Jun 2025 Direct F1, F2
transaction PANW Common Stock Sale $8,217,406 -42,458 -1.2% $193.54 3,364,081 02 Jun 2025 Direct F1, F3
transaction PANW Common Stock Sale $3,996,376 -20,565 -0.61% $194.33 3,343,516 02 Jun 2025 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 January 9, 2025.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $192.00 to $192.995 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 $193.00 to $193.99 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.
F4 This sale price represents the weighted average sale price of the shares sold ranging from $194.00 to $194.81 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.