Nir Zuk - Oct 18, 2023 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role: EVP, Chief Technology Officer, Director
Signature: /s/ Elizabeth Villalobos, Attorney-in-Fact for Nir Zuk
Stock symbol: PANW
Transactions as of: Oct 18, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/23/2023, 05:37 PM
Previous filing: Oct 3, 2023
Next filing: Nov 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PANW	Common Stock	Award	$0	+24.7K	+1.62%	$0.00	1.55M	Oct 18, 2023	Direct	F1
holding	PANW	Common Stock						275K	Oct 18, 2023	See footnote	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 performance-based restricted stock unit ("PSU"). The number of shares acquired represents the achievement of performance conditions, as certified by the Issuer's Compensation Committee on October 18, 2023, with respect to PSUs granted to the Reporting Person on August 20, 2021. The PSUs vest on October 20, 2023, subject to the Reporting Person continuing to be a Service Provider through that vesting date.
F2	Shares are held by the Cliff Family Trusts for the benefit of the Reporting Person's children.

Content

Each share is represented by a performance-based restricted stock unit ("PSU"). The number of shares acquired represents the achievement of performance conditions, as certified by the Issuer's Compensation Committee on October 18, 2023, with respect to PSUs granted to the Reporting Person on August 20, 2021. The PSUs vest on October 20, 2023, subject to the Reporting Person continuing to be a Service Provider through that vesting date.

Shares are held by the Cliff Family Trusts for the benefit of the Reporting Person's children.