Lee Klarich - 05 Jun 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 Jun 2023
Net transactions value
-$7,325,718
Form type
4
Filing time
06 Jun 2023, 18:03:24 UTC
Previous filing
09 May 2023
Next filing
06 Jul 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 Jun 2023 Direct
transaction PANW Common Stock Sale $313,151 -1,400 -0.22% $223.68 648,812 05 Jun 2023 Direct F1, F2
transaction PANW Common Stock Sale $889,967 -3,959 -0.61% $224.80 644,853 05 Jun 2023 Direct F1, F3
transaction PANW Common Stock Sale $1,241,284 -5,501 -0.85% $225.65 639,352 05 Jun 2023 Direct F1, F4
transaction PANW Common Stock Sale $1,593,646 -7,027 -1.1% $226.79 632,325 05 Jun 2023 Direct F1, F5
transaction PANW Common Stock Sale $2,901,996 -12,753 -2% $227.55 619,572 05 Jun 2023 Direct F1, F6
transaction PANW Common Stock Sale $2,622,827 -11,460 -1.8% $228.87 608,112 05 Jun 2023 Direct F1, F7
transaction PANW Common Stock Sale $665,495 -2,900 -0.48% $229.48 605,212 05 Jun 2023 Direct F1, F8

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 -2.5% $0.000000 1,787,079 05 Jun 2023 Common Stock 45,000 $64.50 Direct F9
* 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 $223.01 to $223.91 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 $224.18 to $225.155 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 $225.18 to $226.13 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 $226.18 to $227.17 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 $227.18 to $228.06 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 $228.26 to $229.25 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 This sale price represents the weighted average sale price of the shares sold ranging from $229.265 to $229.93 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.
F9 The shares subject to the option are fully vested and exercisable.