Lee Klarich - 07 Aug 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
07 Aug 2023
Net transactions value
-$6,779,972
Form type
4
Filing time
08 Aug 2023, 16:54:11 UTC
Previous filing
02 Aug 2023
Next filing
01 Sep 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 +25% $64.50 222,213 07 Aug 2023 Direct
transaction PANW Common Stock Sale $1,518,804 -7,100 -3.2% $213.92 215,113 07 Aug 2023 Direct F1, F2
transaction PANW Common Stock Sale $4,210,404 -19,582 -9.1% $215.01 195,531 07 Aug 2023 Direct F1, F3
transaction PANW Common Stock Sale $3,584,802 -16,618 -8.5% $215.72 178,913 07 Aug 2023 Direct F1, F4
transaction PANW Common Stock Sale $324,921 -1,500 -0.84% $216.61 177,413 07 Aug 2023 Direct F1, F5
transaction PANW Common Stock Sale $43,690 -200 -0.11% $218.45 177,213 07 Aug 2023 Direct F1, F6
holding PANW Common Stock 420,000 07 Aug 2023 See footnote 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 -2.6% $0.000000 1,697,079 07 Aug 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 $213.38 to $214.37 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 $214.38 to $215.37 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 $215.38 to $216.37 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 $216.405 to $217.01 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 $218.34 to $218.67 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 Shares are held by the Lee and Susan Klarich 2005 Trust dtd 12/05/2005 (the "Trust"), for which the Reporting Person and his spouse serve as trustees.
F8 The shares subject to the option are fully vested and exercisable.