Form 4 for PANW Palo Alto Networks
Accepted 2025-04-03 00:00:00 ET · period of report 2025-04-01 · accession 0000950170-25-050778 · 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 | 2025-04-03 | 2025-04-01+ | PANW | Arora Nikesh | CEO, Dir | S - Sale+OE | $169.11 | -788.4K | 540.3K | -59% | -$133.33M |
| DMT | 2025-04-03 | 2025-04-01+ | PANW | Arora Nikesh | CEO, Dir | M - OptEx | $33.08 | +788.4K | 581.7K | New | +$26.08M |
| DMT | 2025-04-03 | 2025-04-01+ | PANW | Arora Nikesh | CEO, Dir | M - OptEx | $0.00 | -788.4K | 1.37M | -37% | $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 | 2025-04-01 | S | D | 76,159 | $169.41 | 441,253 | D | — | — | (F5) This sale price represents the weighted average sale price of the shares sold ranging from $168.83 to $169.825 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 | 2025-04-01 | S | D | 95,562 | $170.13 | 345,691 | D | — | — | (F6) This sale price represents the weighted average sale price of the shares sold ranging from $169.83 to $170.825 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 | 2025-04-01 | S | D | 28,120 | $171.26 | 317,571 | D | — | — | (F7) This sale price represents the weighted average sale price of the shares sold ranging from $170.83 to $171.81 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 | 2025-04-02 | M | A | 227,414 | $33.08 | 544,985 | D | — | — | |
| 5 | Common | Common Stock | 2025-04-02 | S | D | 2,532 | $168.54 | 542,453 | D | — | — | (F8) This sale price represents the weighted average sale price of the shares sold ranging from $168.19 to $169.15 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. |
| 6 | Common | Common Stock | 2025-04-03 | S | D | 4,297 | $168.38 | 317,571 | D | — | — | (F20) This sale price represents the weighted average sale price of the shares sold ranging from $168.19 to $168.50 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. |
| 7 | Common | Common Stock | 2025-04-02 | S | D | 9,589 | $170.96 | 530,663 | D | — | — | (F10) This sale price represents the weighted average sale price of the shares sold ranging from $170.225 to $171.22 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. |
| 8 | Common | Common Stock | 2025-04-02 | S | D | 54,560 | $171.89 | 476,103 | D | — | — | (F11) This sale price represents the weighted average sale price of the shares sold ranging from $171.225 to $172.22 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. |
| 9 | Common | Common Stock | 2025-04-02 | S | D | 86,586 | $172.76 | 389,517 | D | — | — | (F12) This sale price represents the weighted average sale price of the shares sold ranging from $172.225 to $173.22 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. |
| 10 | Common | Common Stock | 2025-04-02 | S | D | 55,147 | $173.62 | 334,370 | D | — | — | (F13) This sale price represents the weighted average sale price of the shares sold ranging from $173.225 to $174.22 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. |
| 11 | Common | Common Stock | 2025-04-02 | S | D | 16,799 | $174.43 | 317,571 | D | — | — | (F14) This sale price represents the weighted average sale price of the shares sold ranging from $174.225 to $174.69 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. |
| 12 | Common | Common Stock | 2025-04-03 | M | A | 296,838 | $33.08 | 614,409 | D | — | — | |
| 13 | Common | Common Stock | 2025-04-03 | S | D | 44,182 | $163.65 | 570,227 | D | — | — | (F15) This sale price represents the weighted average sale price of the shares sold ranging from $163.19 to $164.185 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. |
| 14 | Common | Common Stock | 2025-04-03 | S | D | 39,501 | $164.69 | 530,726 | D | — | — | (F16) This sale price represents the weighted average sale price of the shares sold ranging from $164.19 to $165.185 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. |
| 15 | Common | Common Stock | 2025-04-03 | S | D | 81,510 | $165.75 | 449,216 | D | — | — | (F17) This sale price represents the weighted average sale price of the shares sold ranging from $165.19 to $166.185 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. |
| 16 | Common | Common Stock | 2025-04-03 | S | D | 56,076 | $166.70 | 393,140 | D | — | — | (F18) This sale price represents the weighted average sale price of the shares sold ranging from $166.19 to $167.185 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. |
| 17 | Common | Common Stock | 2025-04-03 | S | D | 71,272 | $167.65 | 321,868 | D | — | — | (F19) This sale price represents the weighted average sale price of the shares sold ranging from $167.19 to $168.18 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. |
| 18 | Common | Common Stock | 2025-04-01 | S | D | 43,151 | $168.28 | 517,412 | D | — | — | (F4) This sale price represents the weighted average sale price of the shares sold ranging from $167.83 to $168.825 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. |
| 19 | Common | Common Stock | 2025-04-01 | S | D | 21,152 | $167.51 | 560,563 | D | — | — | (F3) This sale price represents the weighted average sale price of the shares sold ranging from $166.83 to $167.825 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. |
| 20 | Common | Common Stock | 2025-04-01 | M | A | 264,144 | $33.08 | 581,715 | D | — | — | (F1) Reflects the Reporting Person's allocation of 726,542 shares to the Nikesh Arora 2025 Annuity Trust. |
| 21 | Common | Common Stock | 2025-04-02 | S | D | 2,201 | $169.72 | 540,252 | D | — | — | (F9) This sale price represents the weighted average sale price of the shares sold ranging from $169.22 to $170.185 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. |
| 22 | Derivative | Stock Option (right to buy) | 2025-04-03 | M | D | 296,838 | $0.00 | 846,408 | D | $33.08 · — to 2025-12-07 | 296,838 Common Stock | (F23) The shares subject to the option are fully vested and exercisable. |
| 23 | Derivative | Stock Option (right to buy) | 2025-04-02 | M | D | 227,414 | $0.00 | 1,143,246 | D | $33.08 · — to 2025-12-07 | 227,414 Common Stock | (F23) The shares subject to the option are fully vested and exercisable. |
| 24 | Derivative | Stock Option (right to buy) | 2025-04-01 | M | D | 264,144 | $0.00 | 1,370,660 | D | $33.08 · — to 2025-12-07 | 264,144 Common Stock | (F23) The shares subject to the option are fully vested and exercisable. |