Josh D. Paul - Aug 21, 2023 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role
Chief Accounting Officer
Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Josh D. Paul
Stock symbol
PANW
Transactions as of
Aug 21, 2023
Transactions value $
-$212,277
Form type
4
Date filed
8/23/2023, 04:14 PM
Previous filing
Aug 2, 2023
Next filing
Sep 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Award $0 +4.62K +16.47% $0.00 32.7K Aug 21, 2023 Direct F1
transaction PANW Common Stock Tax liability -$212K -905 -2.77% $234.56 31.8K Aug 23, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share is represented by a Restricted Stock Unit ("RSU"). One-third (1/3) of the RSUs will vest on each of the first, second and third anniversaries of the grant, subject to the Reporting Person continuing to be a Service Provider through each vesting date.
F2 This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units.