NIR ZUK - 03 Jan 2023 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
03 Jan 2023
Net transactions value
-$2,856,152
Form type
4
Filing time
04 Jan 2023, 16:15:10 UTC
Previous filing
05 Dec 2022
Next filing
08 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Options Exercise $830,398 +45,000 +2.4% $18.45 1,909,523 03 Jan 2023 Direct
transaction PANW Common Stock Sale $3,686,551 -26,625 -1.4% $138.46 1,882,898 03 Jan 2023 Direct F1, F2
holding PANW Common Stock 274,914 03 Jan 2023 See footnote F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PANW Employee Stock Option (right to buy) Options Exercise $0 -45,000 -100% $0.000000* 0 03 Jan 2023 Common Stock 45,000 $18.45 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is a sale of shares by the Reporting Person to cover tax withholding obligations in connection with the Reporting Person's exercise of stock options.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $138.41 to $138.64 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 Shares are held by the Cliff Family Trusts for the benefit of the Reporting Person's children.
F4 The shares subject to the option were fully vested and exercisable.