Form 4 for PANW Palo Alto Networks
Accepted 2023-11-21 00:00:00 ET · period of report 2023-11-20 · accession 0001209191-23-056253 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-11-21 | 2023-11-20 | PANW | Jenkins William D Jr | Pres | S - Sale | $257.29 | -2,020 | 35.4K | -5% | -$519.7K |
| D | 2023-11-21 | 2023-11-20 | PANW | Jenkins William D Jr | Pres | D - Sale to Iss | $0.00 | -3,825 | 31.5K | -11% | $0 |
| D | 2023-11-21 | 2023-11-20 | PANW | Jenkins William D Jr | Pres | A - Grant | — | +3,825 | 136.4K | +3% | — |
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 | 2023-11-20 | S | D | 100 | $253.50 | 36,952 | D | — | — | |
| 2 | Common | Common Stock | 2023-11-20 | S | D | 200 | $254.72 | 36,752 | D | — | — | (F3) This sale price represents the weighted average sale price of the shares sold ranging from $254.62 to $254.81 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. |
| 3 | Common | Common Stock | 2023-11-20 | S | D | 139 | $256.08 | 36,613 | D | — | — | (F4) This sale price represents the weighted average sale price of the shares sold ranging from $255.67 to $256.24 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 | 2023-11-20 | S | D | 500 | $258.59 | 36,113 | D | — | — | (F5) This sale price represents the weighted average sale price of the shares sold ranging from $258.21 to $259.15 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. |
| 5 | Common | Common Stock | 2023-11-20 | S | D | 100 | $261.08 | 35,332 | D | — | — | |
| 6 | Common | Common Stock | 2023-11-20 | D | D | 3,825 | $0.00 | 31,507 | D | — | — | |
| 7 | Common | Common Stock | 2023-11-20 | S | D | 100 | $252.27 | 37,052 | D | — | — | |
| 8 | Common | Common Stock | 2023-11-20 | S | D | 200 | $250.27 | 37,152 | D | — | — | (F2) This sale price represents the weighted average sale price of the shares sold ranging from $250.05 to $250.49 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 | 2023-11-20 | S | D | 681 | $260.14 | 35,432 | D | — | — | (F6) This sale price represents the weighted average sale price of the shares sold ranging from $259.71 to $260.56 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 | Phantom Stock | 2023-11-20 | A | A | 3,825 | — | 136,413 | D | — · — to — | 3,825 Common Stock | (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. (F7) In connection with the vesting of 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"). |