Lee Klarich - Feb 27, 2023 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role
EVP, Chief Product Officer
Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Lee Klarich
Stock symbol
PANW
Transactions as of
Feb 27, 2023
Transactions value $
-$5,646,197
Form type
4
Date filed
2/28/2023, 04:25 PM
Previous filing
Jan 20, 2023
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Options Exercise $2.9M +45K +7.34% $64.50 658K Feb 27, 2023 Direct
transaction PANW Common Stock Sale -$2.51M -13.3K -2.03% $188.80 644K Feb 27, 2023 Direct F1, F2
transaction PANW Common Stock Sale -$3.26M -17.2K -2.67% $190.03 627K Feb 27, 2023 Direct F1, F3
transaction PANW Common Stock Sale -$2.04M -10.7K -1.71% $190.73 617K Feb 27, 2023 Direct F1, F4
transaction PANW Common Stock Sale -$728K -3.8K -0.62% $191.71 613K Feb 27, 2023 Direct F1, F5

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 Stock Option (right to buy) Options Exercise $0 -45K -2.24% $0.00 1.97M Feb 27, 2023 Common Stock 45K $64.50 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $188.34 to $189.325 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 $189.375 to $190.37 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 $190.375 to $191.36 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 $191.375 to $192.30 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 The shares subject to the option are fully vested and exercisable.