Dipak Golechha - 01 Nov 2025 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Reporting relationship: EVP, Chief Financial Officer
Issuer ticker: PANW
Reported as of: 01 Nov 2025
Net transaction value: -$16,281,462
SEC form: 4
Accepted by SEC: 04 Nov 2025, 18:09:39 UTC
Prior SEC filing: 24 Sep 2025
Next SEC filing: 01 Dec 2025
Source filing: View source filing
Reporting owner signature: /s/ Elizabeth Villalobos, Attorney-in-Fact for Dipak Goleccha

Key filing fact

Dipak Golechha filed Form 4 for Palo Alto Networks Inc (PANW) on 04 Nov 2025.

Key facts

This page summarizes Dipak Golechha's Form 4 filing for Palo Alto Networks Inc (PANW).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 04 Nov 2025, 18:09.

Change

Previous filing in this sequence was filed on 24 Sep 2025.
Current net transaction value: -$16,281,462.

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 0001852540 Primary reporting owner

Golechha Dipak

Relationship: EVP, Chief Financial Officer
Address: C/O PALO ALTO NETWORKS INC., 3000 TANNERY WAY, SANTA CLARA
Signature: /s/ Elizabeth Villalobos, Attorney-in-Fact for Dipak Goleccha
Signature date: 04 Nov 2025

Reported non-derivative transactions

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

PANW transaction

Common Stock

Award

Transaction value: $0
Shares: +280,820
Change %: +292%
Price: $0.000000
Shares after: 376,955
Date: 01 Nov 2025
Ownership: Direct
Footnotes: F1

PANW transaction

Common Stock

Disposed to Issuer

Transaction value: $0
Shares: -140,410
Change %: -37%
Price: $0.000000
Shares after: 236,545
Date: 01 Nov 2025
Ownership: Direct
Footnotes: F2

PANW transaction

Common Stock

Tax liability

Transaction value: $16,281,462
Shares: -73,926
Change %: -31%
Price: $220.24
Shares after: 162,619
Date: 01 Nov 2025
Ownership: Direct
Footnotes: F3

Reported derivative securities

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

PANW transaction Derivative

Phantom Stock

Award

Transaction value: $0
Shares: +140,410
Change %
Price: $0.000000
Shares after: 140,410
Date: 01 Nov 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 140,410
Exercise price
Footnotes: F2, F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The number of shares acquired represents the number of shares that vested, effective on November 1, 2025, under certain performance-based restricted stock units granted to the Reporting Person on August 23, 2022 ("PSUs"). The Issuer's Compensation and People Committee certified the achievement of the performance conditions under the PSUs effective as of November 1, 2025.

Footnote F2

In connection with the vesting of of the PSUs described in Footnote 1, the Reporting Person elected to defer these shares pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan").

Footnote F3

This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of PSUs.

Footnote F4

Pursuant to the Deferred Compensation Plan, each share of phantom stock represents the Reporting Person's right to receive one share of common stock of the Issuer. Releases of the common stock shares are expected to be in installments beginning on or about January 31, 2030 and ending on or about January 31, 2034.