Nikesh Arora - 20 Apr 2023 Form 4/A - Amendment 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 Apr 2023
Transactions value $
$0
Form type
4/A - Amendment
Filing time
02 May 2023, 16:38:13
Date Of Original Report
21 Apr 2023
Previous filing
18 Apr 2023
Next filing
26 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 Disposed to Issuer $0 -54.2K -4.61% $0.00 1.12M 20 Apr 2023 Direct F1
holding PANW Common Stock 16K 20 Apr 2023 See footnote F2

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 Phantom Stock Award +54.2K +46.78% 170K 20 Apr 2023 Common Stock 54.2K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the vesting of previously reported performance-based restricted stock units, the Reporting Person elected to defer these shares pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan").
F2 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.
F3 Pursuant to the Deferred Compensation Plan, each share of phantom stock represents the Reporting Person's right to receive one share of common stock of the Issuer. The common stock shares will be released on January 31, 2027.

Remarks:

This Form 4 is amended to correct the unintentional underreporting of shares.