Nikesh Arora - 20 Jan 2022 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role
Chief Executive Officer, Director
Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Nikesh Arora
Issuer symbol
PANW
Transactions as of
20 Jan 2022
Net transactions value
-$1,503,405
Form type
4
Filing time
21 Jan 2022, 20:06:17 UTC
Previous filing
20 Dec 2021
Next filing
01 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Gift $0 -5,335 -0.97% $0.000000 542,018 30 Dec 2021 Direct
transaction PANW Common Stock Tax liability $1,503,405 -2,893 -0.53% $519.67 539,125 20 Jan 2022 Direct F1
holding PANW Common Stock 5,335 20 Jan 2022 See footnote F2
* 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 satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of performance-based restricted stock units.
F2 Reflects shares held by Bacchey Investments L.P., of which Bacchey Management LLC (the "LLC") is the General Partner. The Reporting Person is the manager of the LLC. The sole member of the LLC is the Aurora Trust, for which the Reporting Person serves as a trustee.