Nikesh Arora - Mar 17, 2022 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Nikesh Arora
Stock symbol
PANW
Transactions as of
Mar 17, 2022
Transactions value $
-$19,223,307
Form type
4
Date filed
3/18/2022, 07:44 PM
Previous filing
Mar 7, 2022
Next filing
Apr 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Sale -$218K -400 -0.08% $545.36 530K Mar 17, 2022 Direct F1, F2
transaction PANW Common Stock Sale -$274K -500 -0.09% $547.04 530K Mar 17, 2022 Direct F1, F3
transaction PANW Common Stock Sale -$494K -900 -0.17% $548.82 529K Mar 17, 2022 Direct F1, F4
transaction PANW Common Stock Sale -$1.72M -3.14K -0.59% $549.62 526K Mar 17, 2022 Direct F1, F5
transaction PANW Common Stock Sale -$1.49M -2.71K -0.52% $550.43 523K Mar 17, 2022 Direct F1, F6
transaction PANW Common Stock Sale -$1.61M -2.92K -0.56% $551.64 520K Mar 17, 2022 Direct F1, F7
transaction PANW Common Stock Sale -$2.87M -5.2K -1% $552.45 515K Mar 17, 2022 Direct F1, F8
transaction PANW Common Stock Sale -$878K -1.59K -0.31% $553.51 513K Mar 17, 2022 Direct F1, F9
transaction PANW Common Stock Sale -$578K -1.04K -0.2% $554.49 512K Mar 17, 2022 Direct F1, F10
transaction PANW Common Stock Sale -$1.53M -2.76K -0.54% $555.87 509K Mar 17, 2022 Direct F1, F11
transaction PANW Common Stock Sale -$1.84M -3.3K -0.65% $556.60 506K Mar 17, 2022 Direct F1, F12
transaction PANW Common Stock Sale -$446K -800 -0.16% $557.74 505K Mar 17, 2022 Direct F1, F13
transaction PANW Common Stock Sale -$3.47M -6.03K -1.19% $575.35 499K Mar 18, 2022 Direct F1, F14
transaction PANW Common Stock Sale -$128K -222 -0.04% $576.15 499K Mar 18, 2022 Direct F1, F15
transaction PANW Common Stock Tax liability -$1.67M -2.96K -0.59% $564.16 496K Mar 18, 2022 Direct F16
holding PANW Common Stock 5.34K Mar 17, 2022 See footnote F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $545.04 to $545.98 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.
F3 This sale price represents the weighted average sale price of the shares sold ranging from $546.87 to $547.85 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.
F4 This sale price represents the weighted average sale price of the shares sold ranging from $548.02 to $548.99 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.
F5 This sale price represents the weighted average sale price of the shares sold ranging from $549.02 to $550.01 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.
F6 This sale price represents the weighted average sale price of the shares sold ranging from $550.03 to $551.015 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.
F7 This sale price represents the weighted average sale price of the shares sold ranging from $551.05 to $552.03 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.
F8 This sale price represents the weighted average sale price of the shares sold ranging from $552.05 to $553.005 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.
F9 This sale price represents the weighted average sale price of the shares sold ranging from $553.07 to $554.02 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.
F10 This sale price represents the weighted average sale price of the shares sold ranging from $554.08 to $555.00 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.
F11 This sale price represents the weighted average sale price of the shares sold ranging from $555.22 to $556.21 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.
F12 This sale price represents the weighted average sale price of the shares sold ranging from $556.22 to $557.08 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.
F13 This sale price represents the weighted average sale price of the shares sold ranging from $557.24 to $558.22 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.
F14 This sale price represents the weighted average sale price of the shares sold ranging from $575.15 to $576.09 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.
F15 This sale price represents the weighted average sale price of the shares sold ranging from $576.09 to $576.19 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.
F16 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 restricted stock units.
F17 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.