JAMES J. GOETZ - 08 Dec 2025 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role
Director
Signature
/s/ Jung Yeon Son, by power of attorney for James J. Goetz
Issuer symbol
PANW
Transactions as of
08 Dec 2025
Transactions value $
-$4,880,043
Form type
4
Filing time
10 Dec 2025, 19:37:53 UTC
Previous filing
08 May 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
GOETZ JAMES J Director C/O SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK /s/ Jung Yeon Son, by power of attorney for James J. Goetz 10 Dec 2025 0001219231

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Sale -$2.36M -12.1K -13.77% $195.31 75.6K 08 Dec 2025 By The Goetz Children's Trust 4/24/1998 F1, F2, F7
transaction PANW Common Stock Sale -$83.9K -428 -0.57% $196.04 75.2K 08 Dec 2025 By The Goetz Children's Trust 4/24/1998 F3, F7
transaction PANW Common Stock Sale -$1.6M -8.23K -10.95% $194.70 67K 09 Dec 2025 By The Goetz Children's Trust 4/24/1998 F4, F7
transaction PANW Common Stock Sale -$777K -3.97K -5.93% $195.73 63K 09 Dec 2025 By The Goetz Children's Trust 4/24/1998 F5, F7
transaction PANW Common Stock Sale -$58.9K -300 -0.48% $196.42 62.7K 09 Dec 2025 By The Goetz Children's Trust 4/24/1998 F6, F7
holding PANW Common Stock 315K 08 Dec 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.84 to $195.83, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) as well as footnotes (3), (4), (5), and (6) to this Form 4
F2 The number of shares reflects the Issuer's 2-for-1 stock split effected December 13, 2024.
F3 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $195.89 to $196.29, inclusive.
F4 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $194.23 to $195.17, inclusive.
F5 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $195.28 to $196.27, inclusive.
F6 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $196.33 to $196.54, inclusive.
F7 Shares held by The Goetz Children's Trust 4/24/1998. The Reporting Person may be deemed to beneficially own the shares held by The Goetz Children's Trust 4/24/1998. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose.