Form 4 for PANW Palo Alto Networks
Accepted 2025-11-04 00:00:00 ET · period of report 2025-11-01 · accession 0001193125-25-265124 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-11-04 | 2025-11-01 | PANW | Arora Nikesh | CEO, Dir | D - Sale to Iss | $0.00 | -1.19M | 275.0K | -81% | $0 |
| D | 2025-11-04 | 2025-11-01 | PANW | Arora Nikesh | CEO, Dir | A - Grant | $0.00 | +1.19M | 1.46M | +431% | $0 |
| D | 2025-11-04 | 2025-11-01 | PANW | Arora Nikesh | CEO, Dir | A - Grant | $0.00 | +1.19M | 2.96M | +67% | $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 | 2025-11-01 | D | D | 1,185,721 | $0.00 | 275,013 | D | — | — | |
| 2 | Common | Common Stock | 2025-11-01 | A | A | 1,185,721 | $0.00 | 1,460,734 | D | — | — | (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. |
| 3 | Derivative | Phantom Stock | 2025-11-01 | A | A | 1,185,721 | $0.00 | 2,958,459 | D | — · — to — | 42,558 Common Stock | (F5) 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. A portion of the common stock shares will be released on or about January 31, 2027, and another portion will be released on or about January 31, 2028. (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"). |