Josh D. Paul - Jul 1, 2025 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role: Chief Accounting Officer
Signature: /s/ Elizabeth Villalobos, Attorney-in-Fact for Josh D. Paul
Stock symbol: PANW
Transactions as of: Jul 1, 2025
Transactions value $: -$122,400
Form type: 4
Date filed: 7/3/2025, 04:00 PM
Previous filing: Jun 23, 2025
Next filing: Aug 5, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Paul Josh D.	Chief Accounting Officer	C/O PALO ALTO NETWORKS INC., 3000 TANNERY WAY, SANTA CLARA	/s/ Elizabeth Villalobos, Attorney-in-Fact for Josh D. Paul	2025-07-03	0001882285

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PANW	Common Stock	Sale	-$122K	-600	-1.43%	$204.00	41.4K	Jul 1, 2025	Direct	F1

Showing 1 to 1 of 1 entries

* 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 sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 1, 2024.