William D. Jenkins Jr - 19 Feb 2025 Form 4 Insider Report for Palo Alto Networks Inc (PANW)

Role
President
Signature
/s/ Elizabeth Villalobos, Attorney-in-Fact for William D. Jenkins, Jr.
Issuer symbol
PANW
Transactions as of
19 Feb 2025
Transactions value $
-$493,370
Form type
4
Filing time
20 Feb 2025, 16:30:15
Previous filing
19 Feb 2025
Next filing
06 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PANW Common Stock Sale -$61.5K -302 -1.26% $203.74 23.7K 19 Feb 2025 Direct F1, F2, F3
transaction PANW Common Stock Sale -$164K -799 -3.38% $204.94 22.9K 19 Feb 2025 Direct F1, F4
transaction PANW Common Stock Sale -$247K -1.2K -5.25% $206.06 21.7K 19 Feb 2025 Direct F1, F5
transaction PANW Common Stock Sale -$20.8K -100 -0.46% $208.24 21.6K 19 Feb 2025 Direct F1
transaction PANW Common Stock Disposed to Issuer $0 -3.83K -17.75% $0.00 17.7K 20 Feb 2025 Direct F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PANW Phantom Stock Award $0 +3.83K +0.93% $0.00 416K 20 Feb 2025 Common Stock 3.83K Direct F6, F7
* 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 sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 26, 2024.
F2 This sale price represents the weighted average sale price of the shares sold ranging from $203.41 to $204.33 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 number reflects the Issuer's 2-for-1 stock split effected December 13, 2024.
F4 This sale price represents the weighted average sale price of the shares sold ranging from $204.49 to $205.30 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 $205.59 to $206.50 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.
F6 In connection with the vesting of previously reported 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").
F7 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.