Bawa Aparna 4

What Happened
Director Aparna Bawa received 24 shares of Palo Alto Networks on 2026-02-12 as an award/acquisition. The filing lists the transaction type as an award/other acquisition (Code A) and does not disclose a per‑share price or total dollar value (reported as N/A). This was merger consideration related to Palo Alto Networks’ acquisition of CyberArk Software Ltd., not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-12 (reported on Form 4 filed 2026-04-28).
• Transaction type: A — Grant, award or other acquisition; 24 shares acquired; price/value: N/A.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1 — shares were acquired as merger consideration in the CyberArk acquisition. F2 — shares are held by The Bawa Family Trust, for which Aparna Bawa and her spouse serve as trustees.
• Timeliness: The Form 4 was filed on 2026-04-28 for a 2026-02-12 transaction (reported late); late Form 4s are commonly corrected but can raise compliance questions under Section 16.

Context
This was merger consideration tied to an acquisition, so it reflects corporate transaction mechanics rather than a personal buy or sell decision by the director. Such awards do not necessarily indicate insider sentiment about the company’s stock price.