4//SEC Filing
Klarich Lee 4
Accession 0001193125-25-265144
CIK 0001327567other
Filed
Nov 3, 7:00 PM ET
Accepted
Nov 4, 6:14 PM ET
Size
21.8 KB
Accession
0001193125-25-265144
Insider Transaction Report
Form 4
Klarich Lee
DirectorEVP Chief Product & Tech Ofcr
Transactions
- Exercise/Conversion
Common Stock
2025-11-03$32.25/sh+92,010$2,967,323→ 477,183 total - Sale
Common Stock
2025-11-03$216.75/sh−20,195$4,377,185→ 448,617 total - Sale
Common Stock
2025-11-03$218.00/sh−45,515$9,922,452→ 403,102 total - Sale
Common Stock
2025-11-03$220.40/sh−30$6,612→ 356,409 total - Exercise/Conversion
Stock Option (right to buy)
2025-11-03−92,010→ 184,020 totalExercise: $32.25Exp: 2028-10-19→ Common Stock (92,010 underlying) - Sale
Common Stock
2025-11-03$215.88/sh−8,371$1,807,157→ 468,812 total - Sale
Common Stock
2025-11-03$218.69/sh−43,109$9,427,550→ 359,993 total - Award
Common Stock
2025-11-01+468,038→ 617,228 total - Tax Payment
Common Stock
2025-11-01$220.24/sh−232,055$51,107,793→ 385,173 total - Sale
Common Stock
2025-11-03$219.76/sh−3,554$781,023→ 356,439 total
Holdings
- 690,000(indirect: See footnote)
Common Stock
Footnotes (10)
- [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.
- [F10]The shares subject to the option are fully vested and exercisable.
- [F2]This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of PSUs.
- [F3]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 27, 2024.
- [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.
- [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.
- [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.
- [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.
- [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.
- [F9]Shares are held by the Lee and Susan Klarich 2005 Trust, dated Dec. 5, 2005, for which the Reporting Person and his spouse serve as trustees.
Documents
Issuer
Palo Alto Networks Inc
CIK 0001327567
Entity typeother
Related Parties
1- filerCIK 0001682260
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 7:00 PM ET
- Accepted
- Nov 4, 6:14 PM ET
- Size
- 21.8 KB