Nikesh Arora - 17 Apr 2023 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
17 Apr 2023
Net transactions value
-$2,779,651
Form type
4
Filing time
18 Apr 2023, 20:01:13 UTC
Previous filing
03 Apr 2023
Next filing
02 May 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 Sale $848,666 -4,236 -0.36% $200.35 1,186,757 17 Apr 2023 Direct F1, F2
transaction PANW Common Stock Sale $1,050,178 -5,211 -0.44% $201.53 1,181,546 17 Apr 2023 Direct F1, F3
transaction PANW Common Stock Sale $880,808 -4,353 -0.37% $202.34 1,177,193 17 Apr 2023 Direct F1, F4
holding PANW Common Stock 16,005 17 Apr 2023 See footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person that became effective August 23, 2022.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $200.02 to $200.995 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 $201.04 to $202.035 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 $202.04 to $202.73 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 Shares are 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.