Nikesh Arora - 30 Jun 2026 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: PANW
Reported as of: 30 Jun 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Jul 2026, 21:00:04 UTC
Prior SEC filing: 05 May 2026
Next SEC filing: 14 Jul 2026
Source filing: View source filing
Reporting owner signature: /s/ Elizabeth Villalobos, Attorney-in-Fact for Nikesh Arora

Key filing fact

Nikesh Arora filed Form 4 for Palo Alto Networks Inc (PANW) on 02 Jul 2026.

Key facts

This page summarizes Nikesh Arora's Form 4 filing for Palo Alto Networks Inc (PANW).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 02 Jul 2026, 21:00.

Change

Previous filing in this sequence was filed on 05 May 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001468233 Primary reporting owner

Arora Nikesh

Relationship: Chief Executive Officer, Director
Address: C/O PALO ALTO NETWORKS INC., 3000 TANNERY WAY, SANTA CLARA
Signature: /s/ Elizabeth Villalobos, Attorney-in-Fact for Nikesh Arora
Signature date: 02 Jul 2026

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PANW transaction Derivative

Phantom Stock

Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities

Transaction value
Shares: -865,090
Change %: -29%
Price: $0.000000^*
Shares after: 2,093,369
Date: 30 Jun 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 865,090
Exercise price
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "DCP"), each share of phantom stock represents the Reporting Person's right to receive one share of common stock of the Issuer.

Footnote F2

This transaction does not constitute an open market sale of shares. This disposition reflects the Reporting Person's election to change the investment allocation within the DCP, which is an internal reallocation permitted under the terms of the DCP and exempt from Section 16(b) pursuant to Rule 16b-3(f). All distributions will be made in shares of the Issuer's common stock, and a portion will be released on or about February 2028 and another portion will be released on or about February 2036. Following this transaction, the Reporting Person maintains a significant equity position in the Issuer, including the shares of phantom stock held in the DCP reported herein and 726,542 shares of common stock.