Lee Klarich - 04 Dec 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
04 Dec 2023
Net transactions value
-$9,993,843
Form type
4
Filing time
05 Dec 2023, 17:37:51 UTC
Previous filing
07 Nov 2023
Next filing
23 Jan 2024

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 +24% $64.50 230,217 04 Dec 2023 Direct
transaction PANW Common Stock Sale $1,886,585 -6,650 -2.9% $283.70 223,567 04 Dec 2023 Direct F1, F2
transaction PANW Common Stock Sale $1,077,175 -3,788 -1.7% $284.36 219,779 04 Dec 2023 Direct F1, F3
transaction PANW Common Stock Sale $3,846,393 -13,468 -6.1% $285.60 206,311 04 Dec 2023 Direct F1, F4
transaction PANW Common Stock Sale $3,436,113 -11,994 -5.8% $286.49 194,317 04 Dec 2023 Direct F1, F5
transaction PANW Common Stock Sale $229,837 -800 -0.41% $287.30 193,517 04 Dec 2023 Direct F1, F6
transaction PANW Common Stock Sale $491,011 -1,700 -0.88% $288.83 191,817 04 Dec 2023 Direct F1, F7
transaction PANW Common Stock Sale $289,704 -1,000 -0.52% $289.70 190,817 04 Dec 2023 Direct F1, F8
transaction PANW Common Stock Sale $232,989 -800 -0.42% $291.24 190,017 04 Dec 2023 Direct F1, F9
transaction PANW Common Stock Sale $555,558 -1,900 -1% $292.40 188,117 04 Dec 2023 Direct F1, F10
transaction PANW Common Stock Sale $701,147 -2,390 -1.3% $293.37 185,727 04 Dec 2023 Direct F1, F11
transaction PANW Common Stock Sale $149,980 -510 -0.27% $294.08 185,217 04 Dec 2023 Direct F1, F12
holding PANW Common Stock 420,000 04 Dec 2023 See footnote F13

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 -2.9% $0.000000 1,517,079 04 Dec 2023 Common Stock 45,000 $64.50 Direct F14
* 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 $283.05 to $284.04 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 $284.05 to $285.04 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 $285.05 to $286.045 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 $286.05 to $287.04 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 $287.06 to $288.01 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.
F7 This sale price represents the weighted average sale price of the shares sold ranging from $288.30 to $289.18 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 $289.38 to $290.33 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 This sale price represents the weighted average sale price of the shares sold ranging from $290.69 to $291.56 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.
F10 This sale price represents the weighted average sale price of the shares sold ranging from $291.89 to $292.855 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.
F11 This sale price represents the weighted average sale price of the shares sold ranging from $292.91 to $293.88 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.
F12 This sale price represents the weighted average sale price of the shares sold ranging from $293.92 to $294.16 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.
F13 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.
F14 The shares subject to the option are fully vested and exercisable.