Dipak Golechha - 23 Sep 2025 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role
EVP, Chief Financial Officer
Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Dipak Golechha
Issuer symbol
PANW
Transactions as of
23 Sep 2025
Net transactions value
-$1,020,942
Form type
4
Filing time
24 Sep 2025, 16:30:05 UTC
Previous filing
24 Jun 2025
Next filing
04 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Golechha Dipak EVP, Chief Financial Officer C/O PALO ALTO NETWORKS INC., 3000 TANNERY WAY, SANTA CLARA /s/ Elizabeth Villalobos, Attorney-in-Fact for Dipak Golechha 24 Sep 2025 0001852540

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Sale $387,134 -1,907 -1.9% $203.01 99,228 23 Sep 2025 Direct F1, F2
transaction PANW Common Stock Sale $150,055 -736 -0.74% $203.88 98,492 23 Sep 2025 Direct F1, F3
transaction PANW Common Stock Sale $358,374 -1,750 -1.8% $204.78 96,742 23 Sep 2025 Direct F1, F4
transaction PANW Common Stock Sale $42,655 -207 -0.21% $206.06 96,535 23 Sep 2025 Direct F1, F5
transaction PANW Common Stock Sale $82,724 -400 -0.41% $206.81 96,135 23 Sep 2025 Direct F1, F6
* 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 January 6, 2025.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $202.42 to $203.35 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 $203.42 to $204.41 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 $204.44 to $205.32 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 $205.57 to $206.29 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 $206.63 to $207.14 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.