Palo Alto Networks CAO has 1,529 shares withheld

Palo Alto Networks Inc (PANW) reported that Chief Accounting Officer Josh D. Paul had 1,529 shares of common stock withheld on 2026-08-21 at $349.56 per share.

Rhea-AI Filing Summary

Palo Alto Networks Inc (PANW) reported that Chief Accounting Officer Josh D. Paul had 1,529 shares of common stock withheld on 2026-08-21 at $349.56 per share. The company states this was to satisfy income-tax withholding obligations upon vesting and net settlement of previously reported restricted stock units, not an open-market sale. After this withholding, Paul directly holds 74,254 shares of Palo Alto Networks common stock.

Insider Trade Summary

Tax Withholding: 1,529 shares

Tax Withholding 1 txn

Insider Paul Josh D.

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	1,529	$349.56	$534K

Holdings After Transaction: Common Stock — 74,254 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: 1,529 shares Withholding price per share: $349.56 per share Shares owned after transaction: 74,254 shares

3 metrics

Shares withheld for taxes 1,529 shares Common Stock withheld on 2026-08-21 to satisfy tax obligations

Withholding price per share $349.56 per share Price used for the tax-withholding disposition of 1,529 shares

Shares owned after transaction 74,254 shares Total Palo Alto Networks common shares beneficially owned by Josh D. Paul after the transaction

Key Terms

restricted stock units, net settlement, withheld by the Issuer, tax liability

4 terms

restricted stock units financial

"in connection with the vesting and 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.

net settlement financial

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

withheld by the Issuer financial

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

tax liability financial

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

FAQ

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

What transaction did PANW executive Josh D. Paul report on this Form 4?

Josh D. Paul reported that 1,529 shares of Palo Alto Networks common stock were withheld on 2026-08-21 to cover income tax obligations related to vesting restricted stock units. The filing clarifies this was not a sale of shares by the reporting person.

At what price were Josh D. Paul’s PANW shares withheld for taxes?

The shares were withheld at a price of $349.56 per share. This price is used in the Form 4 entry describing the tax-withholding disposition connected to the vesting and net settlement of previously reported restricted stock units.

How many PANW shares does Josh D. Paul hold after this transaction?

Following the tax-withholding transaction, Josh D. Paul directly holds 74,254 shares of Palo Alto Networks common stock. This post-transaction ownership figure is reported in the Form 4 as the total shares beneficially owned after the disposition.

Was the 1,529-share PANW transaction an open-market sale?

No. A footnote states the 1,529 shares were withheld by the issuer to satisfy income tax and withholding obligations related to vesting restricted stock units. The filing explicitly says this transaction is not a sale of shares by the reporting person.

What type of security was involved in Josh D. Paul’s PANW Form 4 filing?

The Form 4 reports a transaction in Common Stock of Palo Alto Networks. The shares were connected to the vesting and net settlement of previously reported restricted stock units, with part of the shares withheld to cover tax obligations.

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

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Available on EDGAR 08/24/2026 - 04:30 PM EDT Accepted by SEC EDGAR 08/24/2026 - 04:30 PM EDT 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)
08/21/2026

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	08/21/2026		F(1)		1,529	D	$349.56	74,254	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	08/24/2026
	** 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)