Form 4 for PANW Palo Alto Networks
Accepted 2025-11-04 00:00:00 ET · period of report 2025-11-01 · accession 0001193125-25-265144 · 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 | 2025-11-04 | 2025-11-03 | PANW | Klarich Lee | EVP Chief Product, Tech Ofcr, Dir | S - Sale+OE | $217.94 | -120.8K | 403.1K | -23% | -$26.32M |
| DT | 2025-11-04 | 2025-11-01 | PANW | Klarich Lee | EVP Chief Product, Tech Ofcr, Dir | A - Grant | $0.00 | +468.0K | 617.2K | +314% | $0 |
| DT | 2025-11-04 | 2025-11-01 | PANW | Klarich Lee | EVP Chief Product, Tech Ofcr, Dir | F - Tax | $220.24 | -232.1K | 385.2K | -38% | -$51.11M |
| DT | 2025-11-04 | 2025-11-03 | PANW | Klarich Lee | EVP Chief Product, Tech Ofcr, Dir | M - OptEx | $32.25 | +92.0K | 477.2K | +24% | +$2.97M |
| DT | 2025-11-04 | 2025-11-03 | PANW | Klarich Lee | EVP Chief Product, Tech Ofcr, Dir | M - OptEx | $0.00 | -92.0K | 184.0K | -33% | $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 | 2025-11-03 | S | D | 43,109 | $218.69 | 359,993 | D | — | — | (F7) This sale price represents the weighted average sale price of the shares sold ranging from $218.37 to $219.34 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 | 2025-11-03 | S | D | 3,554 | $219.76 | 356,439 | D | — | — | (F8) This sale price represents the weighted average sale price of the shares sold ranging from $219.37 to $220.31 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 | 2025-11-03 | S | D | 30 | $220.40 | 356,409 | D | — | — | |
| 4 | Common | Common Stock | 2025-11-01 | A | A | 468,038 | $0.00 | 617,228 | 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. |
| 5 | Common | Common Stock | 2025-11-01 | F | D | 232,055 | $220.24 | 385,173 | D | — | — | |
| 6 | Common | Common Stock | 2025-11-03 | M | A | 92,010 | $32.25 | 477,183 | D | — | — | |
| 7 | Common | Common Stock | 2025-11-03 | S | D | 8,371 | $215.88 | 468,812 | D | — | — | (F4) This sale price represents the weighted average sale price of the shares sold ranging from $215.37 to $216.365 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 | 2025-11-03 | S | D | 20,195 | $216.75 | 448,617 | D | — | — | (F5) This sale price represents the weighted average sale price of the shares sold ranging from $216.37 to $217.345 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 | 2025-11-03 | S | D | 45,515 | $218.00 | 403,102 | D | — | — | (F6) This sale price represents the weighted average sale price of the shares sold ranging from $217.37 to $218.365 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 | Derivative | Stock Option (right to buy) | 2025-11-03 | M | D | 92,010 | $0.00 | 184,020 | D | $32.25 · — to 2028-10-19 | 92,010 Common Stock | (F10) The shares subject to the option are fully vested and exercisable. |