Arora Nikesh 4

4 · Palo Alto Networks Inc · Filed Apr 3, 2025

Insider Transaction Report

Form 4

Period: 2025-04-01

Palo Alto Networks IncPANW

Arora Nikesh

DirectorChief Executive Officer

Transactions

Sale
Common Stock
2025-04-02$174.43/sh−16,799$2,930,166→ 317,571 total
Sale
Common Stock
2025-04-03$163.65/sh−44,182$7,230,428→ 570,227 total
Sale
Common Stock
2025-04-03$165.75/sh−81,510$13,510,283→ 449,216 total
Sale
Common Stock
2025-04-03$168.38/sh−4,297$723,542→ 317,571 total
Exercise/Conversion
Stock Option (right to buy)
2025-04-03−296,838→ 846,408 total
Exercise: $33.08Exp: 2025-12-07→ Common Stock (296,838 underlying)
Sale
Common Stock
2025-04-01$167.51/sh−21,152$3,543,214→ 560,563 total
Sale
Common Stock
2025-04-01$168.28/sh−43,151$7,261,450→ 517,412 total
Sale
Common Stock
2025-04-01$169.41/sh−76,159$12,901,944→ 441,253 total
Sale
Common Stock
2025-04-01$170.13/sh−95,562$16,258,250→ 345,691 total
Sale
Common Stock
2025-04-01$171.26/sh−28,120$4,815,944→ 317,571 total
Exercise/Conversion
Common Stock
2025-04-02$33.08/sh+227,414$7,523,628→ 544,985 total
Sale
Common Stock
2025-04-02$168.54/sh−2,532$426,736→ 542,453 total
Sale
Common Stock
2025-04-02$169.72/sh−2,201$373,547→ 540,252 total
Sale
Common Stock
2025-04-02$170.96/sh−9,589$1,639,307→ 530,663 total
Sale
Common Stock
2025-04-02$171.89/sh−54,560$9,378,428→ 476,103 total
Sale
Common Stock
2025-04-02$173.62/sh−55,147$9,574,843→ 334,370 total
Exercise/Conversion
Common Stock
2025-04-03$33.08/sh+296,838$9,820,410→ 614,409 total
Sale
Common Stock
2025-04-03$164.69/sh−39,501$6,505,420→ 530,726 total
Sale
Common Stock
2025-04-03$166.70/sh−56,076$9,347,869→ 393,140 total
Exercise/Conversion
Stock Option (right to buy)
2025-04-02−227,414→ 1,143,246 total
Exercise: $33.08Exp: 2025-12-07→ Common Stock (227,414 underlying)
Exercise/Conversion
Common Stock
2025-04-01$33.08/sh+264,144$8,738,782→ 581,715 total
Sale
Common Stock
2025-04-02$172.75/sh−86,586$14,958,164→ 389,517 total
Sale
Common Stock
2025-04-03$167.65/sh−71,272$11,948,537→ 321,868 total
Exercise/Conversion
Stock Option (right to buy)
2025-04-01−264,144→ 1,370,660 total
Exercise: $33.08Exp: 2025-12-07→ Common Stock (264,144 underlying)

Holdings

Common Stock
(indirect: See footnote)
726,542
Common Stock
(indirect: See footnote)
32,010

Footnotes (23)

[F1]Reflects the Reporting Person's allocation of 726,542 shares to the Nikesh Arora 2025 Annuity Trust.
[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.
[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.
[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.
[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.
[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.
[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.
[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.
[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.
[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.
[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.
[F2]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person that became effective March 27, 2024.
[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.
[F21]Shares are held by Bacchey Investments L.P., of which Bacchey Management LLC (the "LLC") is the General Partner. The Reporting Person is the manager of the LLC. The sole member of the LLC is the Aurora Trust, for which the Reporting Person serves as a trustee.
[F22]Shares are held by the Nikesh Arora 2025 Annuity Trust, for which the Reporting Person serves as trustee.
[F23]The shares subject to the option are fully vested and exercisable.
[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.
[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.
[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.
[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.
[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.
[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.
[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.

Documents

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ownership.xmlPrimary
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