William D. Jenkins Jr - 05 Jun 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
05 Jun 2025
Transactions value $
$0
Form type
4
Filing time
09 Jun 2025, 16:30:16 UTC
Previous filing
28 May 2025
Next filing
05 Aug 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Jenkins William D Jr President C/O PALO ALTO NETWORKS INC., 3000 TANNERY WAY, SANTA CLARA /s/ Elizabeth Villalobos, Attorney-in-Fact for William D. Jenkins, Jr. 09 Jun 2025 0001590423

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 Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $0 -140K -33.43% $0.00 279K 05 Jun 2025 Common Stock 140K Direct F1, F2
* 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 Pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "DCP"), 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.
F2 This disposition reflects the Reporting Person's election to diversify his holdings in the DCP, an election that is permitted under the terms of the DCP and is exempt under Rule 16b-3(f). In general, distributions from the DCP to its participants are to be made in common stock of the Issuer pursuant to the terms of the DCP.