Dipak Golechha - Oct 14, 2021 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
Stock symbol: PANW
Transactions as of: Oct 14, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/18/2021, 05:39 PM
Next filing: Dec 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PANW	Common Stock	Award	$0	+22.2K	+164%	$0.00	35.7K	Oct 14, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share is represented by a performance-based restricted stock unit (PSU). The number of shares reported includes the above-target achievement, as certified by the Issuer's Compensation Committee on October 14, 2021. These PSUs shall vest over four years from the original grant date, with one-fourth (1/4) vesting on March 20, 2022 and the remainder vesting on a quarterly basis thereafter, subject to the Report Person continuing to be a Service Provider each vesting date.
F2	Includes shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan.

Content

Each share is represented by a performance-based restricted stock unit (PSU). The number of shares reported includes the above-target achievement, as certified by the Issuer's Compensation Committee on October 14, 2021. These PSUs shall vest over four years from the original grant date, with one-fourth (1/4) vesting on March 20, 2022 and the remainder vesting on a quarterly basis thereafter, subject to the Report Person continuing to be a Service Provider each vesting date.

Includes shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan.