Form 4 for PANW Palo Alto Networks
Accepted 2025-03-07 00:00:00 ET · period of report 2025-03-05 · accession 0000950170-25-035543 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMT | 2025-03-07 | 2025-03-05 | PANW | Arora Nikesh | CEO, Dir | S - Sale+OE | $181.56 | -69.9K | 1.09M | -6% | -$12.70M |
| DT | 2025-03-07 | 2025-03-05 | PANW | Arora Nikesh | CEO, Dir | M - OptEx | $33.08 | +69.9K | 1.16M | +6% | +$2.31M |
| DT | 2025-03-07 | 2025-03-07 | PANW | Arora Nikesh | CEO, Dir | D - Sale to Iss | $0.00 | -42.6K | 1.04M | -4% | $0 |
| DT | 2025-03-07 | 2025-03-07 | PANW | Arora Nikesh | CEO, Dir | A - Grant | $0.00 | +42.6K | 1.73M | +3% | $0 |
| DT | 2025-03-07 | 2025-03-05 | PANW | Arora Nikesh | CEO, Dir | M - OptEx | $0.00 | -69.9K | 1.63M | -4% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-03-05 | S | D | 20,864 | $182.48 | 1,086,751 | D | — | — | (F4) This sale price represents the weighted average sale price of the shares sold ranging from $182.10 to $183.095 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. |
| 2 | Common | Common Stock | 2025-03-05 | S | D | 26,549 | $181.55 | 1,107,615 | D | — | — | (F3) This sale price represents the weighted average sale price of the shares sold ranging from $181.10 to $182.095 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. |
| 3 | Common | Common Stock | 2025-03-05 | S | D | 22,454 | $180.71 | 1,134,164 | D | — | — | (F2) This sale price represents the weighted average sale price of the shares sold ranging from $180.10 to $181.095 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. |
| 4 | Common | Common Stock | 2025-03-05 | M | A | 69,947 | $33.08 | 1,156,618 | D | — | — | |
| 5 | Common | Common Stock | 2025-03-05 | S | D | 80 | $183.12 | 1,086,671 | D | — | — | |
| 6 | Common | Common Stock | 2025-03-07 | D | D | 42,558 | $0.00 | 1,044,113 | D | — | — | |
| 7 | Derivative | Phantom Stock | 2025-03-07 | A | A | 42,558 | $0.00 | 1,730,180 | D | — · — to — | 42,558 Common Stock | (F5) In connection with the vesting of previously reported restricted stock units, the Reporting Person elected to defer these shares pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan"). (F8) 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. The common stock shares will be released on or about January 31, 2027. |
| 8 | Derivative | Stock Option (right to buy) | 2025-03-05 | M | D | 69,947 | $0.00 | 1,634,804 | D | $33.08 · — to 2025-12-07 | 69,947 Common Stock | (F7) The shares subject to the option are fully vested and exercisable. |