Nikesh Arora - 27 Mar 2026 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: PANW
Reported as of: 27 Mar 2026
Net transaction value: +$9,999,977
SEC form: 4
Accepted by SEC: 27 Mar 2026, 18:11:23 UTC
Prior SEC filing: 17 Feb 2026
Next SEC filing: 14 Apr 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 27 Mar 2026.

Key facts

This page summarizes Nikesh Arora's Form 4 filing for Palo Alto Networks Inc (PANW).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 27 Mar 2026, 18:11.

Change

Previous filing in this sequence was filed on 17 Feb 2026.
Current net transaction value: +$9,999,977.

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: 27 Mar 2026

Reported non-derivative transactions

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

PANW transaction

Common Stock

Purchase

Transaction value: $9,985,229
Shares: +67,985
Change %: +25%
Price: $146.87
Shares after: 343,294
Date: 27 Mar 2026
Ownership: Direct
Footnotes: F1, F2

PANW transaction

Common Stock

Purchase

Transaction value: $14,748
Shares: +100
Change %: +0.03%
Price: $147.48
Shares after: 343,394
Date: 27 Mar 2026
Ownership: Direct

PANW holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 32,010
Date: 27 Mar 2026
Ownership: See footnote
Footnotes: F3

PANW holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 726,542
Date: 27 Mar 2026
Ownership: See footnote
Footnotes: 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

This purchase price represents the weighted average purchase price of the shares purchased ranging from $146.46 to $147.455 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 purchased at each separate price within the range set forth in this Form 4.

Footnote F2

Includes shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan.

Footnote F3

Shares are held by Bacchey Investments L.P., of which Bacchey Management LLC (the "LLC") is the General Partner. The Reporting Person is the manager of the LLC. The sole member of the LLC is the Aurora Trust, for which the Reporting Person serves as a trustee.

Footnote F4

Shares are held by the Nikesh Arora 2025 Annuity Trust, for which the Reporting Person serves as trustee.