Tax withholding trims Palo Alto Networks (PANW) CAO share count

Rhea-AI Filing Summary

Palo Alto Networks Chief Accounting Officer Josh D. Paul reported a tax-withholding disposition involving 3,861 shares of common stock on August 1, 2026. The shares were withheld by the company to satisfy income tax obligations from the vesting and net settlement of previously granted restricted stock units, not sold on the market. After this transaction, Paul directly holds 75,783 shares of Palo Alto Networks common stock.

Insider Trade Summary

Net Seller: 3,861 shares

Net Sell 1 txn

Insider Paul Josh D.

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	3,861	$331.83	$1.28M

Holdings After Transaction: Common Stock — 75,783 shares (Direct)

Footnotes (1)

1. F1. This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units.

Key Figures

Shares withheld for taxes: 3861.0000 shares Per-share value for withholding: 331.8300 per share Shares owned after transaction: 75783.0000 shares +1 more

4 metrics

Shares withheld for taxes 3861.0000 shares Common stock withheld on 2026-08-01 to satisfy tax obligations on RSU vesting

Per-share value for withholding 331.8300 per share Value used for the 3,861 withheld shares of Palo Alto Networks common stock

Shares owned after transaction 75783.0000 shares Direct holdings of Josh D. Paul following the tax-withholding disposition

Tax-withholding transactions reported 1 transaction Single Form 4 non-derivative code F event for income tax withholding

Key Terms

withheld by the Issuer, income tax and withholding and remittance obligations, net settlement, restricted stock units

4 terms

withheld by the Issuer financial

"represents shares that have been withheld by the Issuer to satisfy"

income tax and withholding and remittance obligations financial

"to satisfy its income tax and withholding and remittance obligations"

net settlement financial

"in connection with the vesting and net settlement of previously reported"

restricted stock units financial

"net settlement of previously reported restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 06:00 PM Accepted by SEC EDGAR 08/04/2026 - 06:00 PM Learn about SEC filing dates

FAQ

What insider transaction did Palo Alto Networks (PANW) report for its CAO?

Palo Alto Networks Chief Accounting Officer Josh D. Paul reported a tax-withholding disposition of 3,861 shares of common stock on August 1, 2026, tied to the vesting and net settlement of previously reported restricted stock units rather than an open-market share sale.

Was the PANW Form 4 transaction a sale of shares by the insider?

No. A footnote explains the Form 4 transaction is not a sale by the reporting person. Instead, 3,861 shares were withheld by the issuer to satisfy income tax, withholding, and remittance obligations related to the vesting of restricted stock units.

How many Palo Alto Networks (PANW) shares does Josh D. Paul own after this event?

Following the tax-withholding disposition, Josh D. Paul directly holds 75,783 shares of Palo Alto Networks common stock. This post-transaction balance reflects the net position after 3,861 shares were withheld to cover tax obligations on vested restricted stock units.

How many PANW shares were withheld and at what value in the Form 4 transaction?

The Form 4 reports that 3,861 shares of Palo Alto Networks common stock were withheld at a value of $331.83 per share. These shares satisfied the issuer’s income tax and withholding obligations arising from the vesting and net settlement of restricted stock units.

Did the Palo Alto Networks (PANW) CAO use a Rule 10b5-1 trading plan for this transaction?

The Rule 10b5-1 checkbox is not marked, and the footnote characterizes the event as shares withheld by the issuer to cover tax liabilities on RSU vesting. It is presented as a tax-withholding event, not trading under a pre-arranged Rule 10b5-1 plan.

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)
08/01/2026

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	08/01/2026		F(1)		3,861	D	$331.83	75,783	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. This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units.

	/s/ Elizabeth Villalobos, Attorney-in-Fact for Josh D. Paul	08/04/2026
	** 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)