Palo Alto Networks CAO granted 7,211 RSUs

Palo Alto Networks’ chief accounting officer received a 7,211-share RSU award that vests in three annual installments from 2027 to 2029.

Rhea-AI Filing Summary

Palo Alto Networks Inc (symbol: PANW) is the issuer of record for a Form 4 filing submitted to the SEC. Paul Josh D. reported acquisition or exercise transactions in this Form 4 filing.

Palo Alto Networks Inc (PANW) reported that Chief Accounting Officer Josh D. Paul received an equity award of 7,211 shares of common stock, represented by Restricted Stock Units. The award was granted at no cash purchase price and increases his directly held stake to 79,695 shares.

According to the vesting terms, one-third of the 7,211 RSUs will vest on August 1 of 2027, 2028, and 2029, provided he continues to serve as a Service Provider on each vesting date. No transactions were reported under a Rule 10b5-1 trading plan.

Insider Trade Summary

Grant/Award: 7,211 shares

Grant/Award 1 txn

Insider Paul Josh D.

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	7,211	$0.00	$0.00

Holdings After Transaction: Common Stock — 79,695 shares (Direct)

Footnotes (1)

1. F1. Each share is represented by a Restricted Stock Unit ("RSU"). One-third (1/3) of the RSUs will vest on August 1 of 2027, 2028, and 2029, subject to the Reporting Person continuing to be a Service Provider through each vesting date.

Key Figures

RSU grant: 7,211 shares Post-transaction holdings: 79,695 shares Transaction price per share: $0.00 +3 more

6 metrics

RSU grant 7,211 shares Restricted Stock Unit award of common stock to Chief Accounting Officer on September 18, 2026

Post-transaction holdings 79,695 shares Directly owned common shares after the RSU grant

Transaction price per share $0.00 Grant or award acquisition with no cash purchase price

First vesting date August 1, 2027 One-third of the RSUs vest on this date, subject to continued service

Second vesting date August 1, 2028 One-third of the RSUs vest on this date, subject to continued service

Third vesting date August 1, 2029 Final one-third of the RSUs vest on this date, subject to continued service

Key Terms

Restricted Stock Unit, RSU, Service Provider, Rule 10b5-1

4 terms

Restricted Stock Unit financial

"Each share is represented by a Restricted Stock Unit ("RSU")."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

RSU financial

"Each share is represented by a Restricted Stock Unit ("RSU")."

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

Service Provider financial

"subject to the Reporting Person continuing to be a Service Provider"

Rule 10b5-1 regulatory

"No transactions were reported under a Rule 10b5-1 trading plan."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PANW report for Chief Accounting Officer Josh D. Paul?

Palo Alto Networks reported that Chief Accounting Officer Josh D. Paul received a grant of 7,211 shares of common stock in the form of RSUs on September 18, 2026, with no cash purchase price and direct ownership.

How many Palo Alto Networks (PANW) shares does Josh D. Paul hold after this Form 4 transaction?

After the reported RSU award, Chief Accounting Officer Josh D. Paul holds 79,695 shares of Palo Alto Networks common stock directly, as stated in the filing’s post-transaction ownership figure.

What is the vesting schedule for the 7,211 RSUs granted by PANW?

The 7,211 RSUs vest in three equal installments: one-third on August 1, 2027, one-third on August 1, 2028, and one-third on August 1, 2029, contingent on Josh D. Paul continuing to be a Service Provider through each vesting date.

Did the PANW RSU grant to Josh D. Paul involve a purchase price?

No. The 7,211-share RSU award to Chief Accounting Officer Josh D. Paul was reported with a $0.00 per share transaction price, reflecting a grant or award of equity rather than an open-market purchase.

Was the PANW insider award to Josh D. Paul made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as a plan transaction, and there is no footnote indicating that the RSU grant to Josh D. Paul was made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/22/2026 - 04:30 PM Accepted by SEC EDGAR 09/22/2026 - 04:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Paul Josh D.

(Last) (First) (Middle)

C/O PALO ALTO NETWORKS INC.

3000 TANNERY WAY

(Street)

SANTA CLARA CALIFORNIA 95054

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Palo Alto Networks Inc [ PANW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/18/2026		A		7,211(1)	A	$0	79,695	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each share is represented by a Restricted Stock Unit ("RSU"). One-third (1/3) of the RSUs will vest on August 1 of 2027, 2028, and 2029, subject to the Reporting Person continuing to be a Service Provider through each vesting date.

	/s/ Elizabeth Villalobos, Attorney-in-Fact for Josh D. Paul	09/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)