Lee Klarich - 05 May 2023 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Lee Klarich
Issuer symbol
PANW
Transactions as of
05 May 2023
Net transactions value
-$5,337,644
Form type
4
Filing time
09 May 2023, 16:16:06 UTC
Previous filing
21 Apr 2023
Next filing
06 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Options Exercise $2,902,648 +45,000 +7.4% $64.50 650,212 05 May 2023 Direct
transaction PANW Common Stock Sale $575,648 -3,200 -0.49% $179.89 647,012 05 May 2023 Direct F1, F2
transaction PANW Common Stock Sale $343,220 -1,900 -0.29% $180.64 645,112 05 May 2023 Direct F1, F3
transaction PANW Common Stock Sale $473,210 -2,600 -0.4% $182.00 642,512 05 May 2023 Direct F1, F4
transaction PANW Common Stock Sale $2,470,372 -13,501 -2.1% $182.98 629,011 05 May 2023 Direct F1, F5
transaction PANW Common Stock Sale $4,248,645 -23,099 -3.7% $183.93 605,912 05 May 2023 Direct F1, F6
transaction PANW Common Stock Sale $129,197 -700 -0.12% $184.57 605,212 05 May 2023 Direct F1, F7

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 -45,000 -2.4% $0.000000 1,832,079 05 May 2023 Common Stock 45,000 $64.50 Direct F8
* 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 on December 20, 2022.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $179.34 to $180.31 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 $180.355 to $181.345 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 $181.42 to $182.415 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 $182.425 to $183.42 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 This sale price represents the weighted average sale price of the shares sold ranging from $183.425 to $184.40 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.
F7 This sale price represents the weighted average sale price of the shares sold ranging from $184.53 to $184.655 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.
F8 The shares subject to the option are fully vested and exercisable.