Lee Klarich - Dec 4, 2023 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Lee Klarich
Stock symbol
PANW
Transactions as of
Dec 4, 2023
Transactions value $
-$9,993,843
Form type
4
Date filed
12/5/2023, 05:37 PM
Previous filing
Nov 7, 2023
Next filing
Jan 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Options Exercise $2.9M +45K +24.3% $64.50 230K Dec 4, 2023 Direct
transaction PANW Common Stock Sale -$1.89M -6.65K -2.89% $283.70 224K Dec 4, 2023 Direct F1, F2
transaction PANW Common Stock Sale -$1.08M -3.79K -1.69% $284.37 220K Dec 4, 2023 Direct F1, F3
transaction PANW Common Stock Sale -$3.85M -13.5K -6.13% $285.60 206K Dec 4, 2023 Direct F1, F4
transaction PANW Common Stock Sale -$3.44M -12K -5.81% $286.49 194K Dec 4, 2023 Direct F1, F5
transaction PANW Common Stock Sale -$230K -800 -0.41% $287.30 194K Dec 4, 2023 Direct F1, F6
transaction PANW Common Stock Sale -$491K -1.7K -0.88% $288.83 192K Dec 4, 2023 Direct F1, F7
transaction PANW Common Stock Sale -$290K -1K -0.52% $289.70 191K Dec 4, 2023 Direct F1, F8
transaction PANW Common Stock Sale -$233K -800 -0.42% $291.24 190K Dec 4, 2023 Direct F1, F9
transaction PANW Common Stock Sale -$556K -1.9K -1% $292.40 188K Dec 4, 2023 Direct F1, F10
transaction PANW Common Stock Sale -$701K -2.39K -1.27% $293.37 186K Dec 4, 2023 Direct F1, F11
transaction PANW Common Stock Sale -$150K -510 -0.27% $294.08 185K Dec 4, 2023 Direct F1, F12
holding PANW Common Stock 420K Dec 4, 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 -45K -2.88% $0.00 1.52M Dec 4, 2023 Common Stock 45K $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.