Nir Zuk - 22 Nov 2024 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Reporting relationship: EVP, Chief Technology Officer, Director
Issuer ticker: PANW
Reported as of: 22 Nov 2024
Net transaction value: -$219,494,420
SEC form: 4
Accepted by SEC: 26 Nov 2024, 16:30:08 UTC
Prior SEC filing: 18 Oct 2024
Next SEC filing: 14 Apr 2025
Source filing: View source filing
Reporting owner signature: /s/ Elizabeth Villalobos, Attorney-in-Fact for Nir Zuk

Key filing fact

Nir Zuk filed Form 4 for Palo Alto Networks Inc (PANW) on 26 Nov 2024.

Key facts

This page summarizes Nir Zuk's Form 4 filing for Palo Alto Networks Inc (PANW).
15 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 26 Nov 2024, 16:30.

Change

Previous filing in this sequence was filed on 18 Oct 2024.
Current net transaction value: -$219,494,420.

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PANW transaction

Common Stock

Options Exercise

Transaction value: $97,339,156
Shares: +1,509,057
Change %: +133%
Price: $64.50
Shares after: 2,646,456
Date: 22 Nov 2024
Ownership: Direct

PANW transaction

Common Stock

Tax liability

Transaction value: $251,751,745
Shares: -656,698
Change %: -25%
Price: $383.36
Shares after: 1,989,758
Date: 22 Nov 2024
Ownership: Direct
Footnotes: F1

PANW transaction

Common Stock

Sale

Transaction value: $1,622,176
Shares: -4,225
Change %: -0.21%
Price: $383.95
Shares after: 1,985,533
Date: 25 Nov 2024
Ownership: Direct
Footnotes: F2

PANW transaction

Common Stock

Sale

Transaction value: $5,501,037
Shares: -14,288
Change %: -0.72%
Price: $385.01
Shares after: 1,971,245
Date: 25 Nov 2024
Ownership: Direct
Footnotes: F3

PANW transaction

Common Stock

Sale

Transaction value: $29,527,487
Shares: -76,463
Change %: -3.9%
Price: $386.17
Shares after: 1,894,782
Date: 25 Nov 2024
Ownership: Direct
Footnotes: F4

PANW transaction

Common Stock

Sale

Transaction value: $6,528,070
Shares: -16,880
Change %: -0.89%
Price: $386.73
Shares after: 1,877,902
Date: 25 Nov 2024
Ownership: Direct
Footnotes: F5

PANW transaction

Common Stock

Sale

Transaction value: $5,398,796
Shares: -13,916
Change %: -0.74%
Price: $387.96
Shares after: 1,863,986
Date: 25 Nov 2024
Ownership: Direct
Footnotes: F6

PANW transaction

Common Stock

Sale

Transaction value: $6,831,530
Shares: -17,562
Change %: -0.94%
Price: $389.00
Shares after: 1,846,424
Date: 25 Nov 2024
Ownership: Direct
Footnotes: F7

PANW transaction

Common Stock

Sale

Transaction value: $3,499,649
Shares: -8,973
Change %: -0.49%
Price: $390.02
Shares after: 1,837,451
Date: 25 Nov 2024
Ownership: Direct
Footnotes: F8

PANW transaction

Common Stock

Sale

Transaction value: $1,322,566
Shares: -3,381
Change %: -0.18%
Price: $391.18
Shares after: 1,834,070
Date: 25 Nov 2024
Ownership: Direct
Footnotes: F9

PANW transaction

Common Stock

Sale

Transaction value: $1,176,960
Shares: -3,000
Change %: -0.16%
Price: $392.32
Shares after: 1,831,070
Date: 25 Nov 2024
Ownership: Direct
Footnotes: F10

PANW transaction

Common Stock

Sale

Transaction value: $1,236,809
Shares: -3,144
Change %: -0.17%
Price: $393.39
Shares after: 1,827,926
Date: 25 Nov 2024
Ownership: Direct
Footnotes: F11

PANW transaction

Common Stock

Sale

Transaction value: $2,318,013
Shares: -5,868
Change %: -0.32%
Price: $395.03
Shares after: 1,822,058
Date: 25 Nov 2024
Ownership: Direct
Footnotes: F12

PANW transaction

Common Stock

Sale

Transaction value: $118,738
Shares: -300
Change %: -0.02%
Price: $395.79
Shares after: 1,821,758
Date: 25 Nov 2024
Ownership: Direct
Footnotes: F13

PANW holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 274,914
Date: 22 Nov 2024
Ownership: See footnote
Footnotes: F14

Reported derivative securities

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

PANW transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -1,509,057
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 22 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,509,057
Exercise price: $64.50
Footnotes: F15, F16

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 16 footnotes

Footnote F1

This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to (i) cover the Reporting Person's payment of the exercise price and (ii) satisfy its income tax and withholding and remittance obligations in connection with the Reporting Person's exercise of stock options.

Footnote F2

This sale price represents the weighted average sale price of the shares sold ranging from $383.45 to $384.43 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.

Footnote F3

This sale price represents the weighted average sale price of the shares sold ranging from $384.46 to $385.43 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.

Footnote F4

This sale price represents the weighted average sale price of the shares sold ranging from $385.46 to $386.44 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.

Footnote F5

This sale price represents the weighted average sale price of the shares sold ranging from $386.46 to $387.22 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.

Footnote F6

This sale price represents the weighted average sale price of the shares sold ranging from $387.50 to $388.48 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.

Footnote F7

This sale price represents the weighted average sale price of the shares sold ranging from $388.54 to $389.51 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.

Footnote F8

This sale price represents the weighted average sale price of the shares sold ranging from $389.63 to $390.50 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.

Footnote F9

This sale price represents the weighted average sale price of the shares sold ranging from $390.85 to $391.76 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.

Footnote F10

This sale price represents the weighted average sale price of the shares sold ranging from $392.00 to $392.99 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.

Footnote F11

This sale price represents the weighted average sale price of the shares sold ranging from $393.19 to $393.46 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.

Footnote F12

This sale price represents the weighted average sale price of the shares sold ranging from $394.47 to $395.45 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.

Footnote F13

This sale price represents the weighted average sale price of the shares sold ranging from $395.68 to $395.91 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.

Footnote F14

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

Footnote F15

This number reflects the Issuer's 3-for-1 stock split effected September 13, 2022.

Footnote F16

The shares subject to the option are fully vested and exercisable.