NIR ZUK - 01 Oct 2024 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for Nir Zuk
Issuer symbol
PANW
Transactions as of
01 Oct 2024
Transactions value $
-$11,969,839
Form type
4
Filing time
03 Oct 2024, 16:30:03 UTC
Previous filing
30 Sep 2024
Next filing
18 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Sale -$1,379,641 -4,190 -0.36% $329.27 1,147,377 01 Oct 2024 Direct F1, F2
transaction PANW Common Stock Sale -$991,065 -3,001 -0.26% $330.24 1,144,376 01 Oct 2024 Direct F1, F3
transaction PANW Common Stock Sale -$4,201,436 -12,685 -1.11% $331.21 1,131,691 01 Oct 2024 Direct F1, F4
transaction PANW Common Stock Sale -$1,462,731 -4,404 -0.39% $332.14 1,127,287 01 Oct 2024 Direct F1, F5
transaction PANW Common Stock Sale -$1,403,042 -4,211 -0.37% $333.18 1,123,076 01 Oct 2024 Direct F1, F6
transaction PANW Common Stock Sale -$311,911 -933 -0.08% $334.31 1,122,143 01 Oct 2024 Direct F1, F7
transaction PANW Common Stock Sale -$547,407 -1,633 -0.15% $335.22 1,120,510 01 Oct 2024 Direct F1, F8
transaction PANW Common Stock Sale -$306,128 -911 -0.08% $336.04 1,119,599 01 Oct 2024 Direct F1, F9
transaction PANW Common Stock Sale -$382,134 -1,133 -0.1% $337.28 1,118,466 01 Oct 2024 Direct F1, F10
transaction PANW Common Stock Sale -$256,479 -758 -0.07% $338.36 1,117,708 01 Oct 2024 Direct F1, F11
transaction PANW Common Stock Sale -$520,916 -1,535 -0.14% $339.36 1,116,173 01 Oct 2024 Direct F1, F12
transaction PANW Common Stock Sale -$23,840 -70 -0.01% $340.57 1,116,103 01 Oct 2024 Direct F1, F13
transaction PANW Common Stock Sale -$183,103 -536 -0.05% $341.61 1,115,567 01 Oct 2024 Direct F1, F14
holding PANW Common Stock 274,914 01 Oct 2024 See footnote F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 1, 2024.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $328.71 to $329.69 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.
F3 This sale price represents the weighted average sale price of the shares sold ranging from $329.71 to $330.707 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 $330.71 to $331.7097 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 $331.71 to $332.70 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 $332.74 to $333.73 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 $333.74 to $334.69 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.
F8 This sale price represents the weighted average sale price of the shares sold ranging from $334.79 to $335.75 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 $335.81 to $336.44 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.
F10 This sale price represents the weighted average sale price of the shares sold ranging from $337.00 to $337.53 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 $338.09 to $338.82 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 $339.19 to $340.10 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 $340.239 to $340.961 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 $341.415 to $341.78 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 Shares are held by the Cliff Family Trusts for the benefit of the Reporting Person's children.