Lee Klarich - May 5, 2023 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Lee Klarich
Stock symbol
PANW
Transactions as of
May 5, 2023
Transactions value $
-$5,337,644
Form type
4
Date filed
5/9/2023, 04:16 PM
Previous filing
Apr 21, 2023
Next filing
Jun 6, 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 +7.44% $64.50 650K May 5, 2023 Direct
transaction PANW Common Stock Sale -$576K -3.2K -0.49% $179.89 647K May 5, 2023 Direct F1, F2
transaction PANW Common Stock Sale -$343K -1.9K -0.29% $180.64 645K May 5, 2023 Direct F1, F3
transaction PANW Common Stock Sale -$473K -2.6K -0.4% $182.00 643K May 5, 2023 Direct F1, F4
transaction PANW Common Stock Sale -$2.47M -13.5K -2.1% $182.98 629K May 5, 2023 Direct F1, F5
transaction PANW Common Stock Sale -$4.25M -23.1K -3.67% $183.93 606K May 5, 2023 Direct F1, F6
transaction PANW Common Stock Sale -$129K -700 -0.12% $184.57 605K May 5, 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 -45K -2.4% $0.00 1.83M May 5, 2023 Common Stock 45K $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.