Palo Alto Networks, Inc. filings document formal disclosures for a Nasdaq-listed cybersecurity company, including 8-K reports on operating results, material agreements, acquisitions, capital structure and governance matters. The company's common stock is registered under the symbol PANW.
Recent filings cover quarterly financial results, completed acquisition-related agreements, convertible senior note obligations connected to CyberArk, share repurchase authorizations, campus lease amendments and shareholder meeting results. Proxy and compensation-related disclosures address director elections, equity incentive plan amendments, equity award information and security-holder voting outcomes.
Palo Alto Networks, Inc. (PANW) is asking shareholders to vote at its virtual December 8, 2026 annual meeting on six items. The Board recommends “FOR” four Class III director nominees, auditor ratification, named executive officer compensation, an increase in shares reserved under the 2021 Equity Incentive Plan, and Proposal 5; it recommends “AGAINST” a shareholder proposal seeking a study of a potential broad-based employee ownership transaction.
Proposal 5 asks shareholders to support an annual, non-binding advisory vote on continued service of directors not otherwise up for election, except during contested elections. If implemented, voting would begin at the 2027 annual meeting; directors without majority support would be expected to tender resignations, effective if accepted by the Board. Fiscal 2026 revenue was $11.48 billion, up 24%; next-generation security annualized recurring revenue (NGS ARR) was $9.10 billion, up 63%; remaining performance obligations (RPO) were $21.2 billion, up 34%. The company also completed its CyberArk and Chronosphere acquisitions.
For fiscal 2027, the maximum PSU payout is reduced from 400% to 300% of target. Maximum NGS ARR achievement requires exceeding the fiscal-year target by at least $450 million; the no-payout threshold for non-GAAP net income per diluted share is 93% of target, while maximum achievement starts at 107%.
Nikesh Arora reported disposition transactions in this Form 4 filing. Palo Alto Networks Inc. Chief Executive Officer Nikesh Arora reported entering a prepaid variable share forward contract on October 12, 2026, involving common stock held in the Aurora Trust, where he serves as trustee. He received an upfront payment of approximately $147.3 million for agreeing to deliver up to 500,000 shares, or equivalent cash if he elects cash settlement. Settlement is expected in October 2029; the share calculation uses a $342.38 floor and a $755.25 cap. Arora retains beneficial ownership and voting rights in the pledged shares unless he physically settles or a default or termination event occurs. The reported post-transaction position was 2,093,369 shares.
Palo Alto Networks Inc officer Nikesh Arora reported that Arora Trust entered a variable prepaid forward contract secured by 500,000 common shares. The notice lists those shares as the amount to be sold, with an aggregate market value of $201,400,000 and an approximate sale date of October 12, 2026.
At settlement, the actual number of shares delivered will depend on the stock price relative to the agreed forward floor and cap prices and cannot exceed the pledged shares. Arora Trust may elect cash settlement subject to certain conditions. Wells Fargo Securities, LLC will conduct any initial hedging activity.
Palo Alto Networks Inc director Aparna Bawa reported two sales of Common Stock held by The Bawa Family Trust on October 9, 2026: 170 shares at $410 per share and 80 shares at $417.125 per share. Bawa and her spouse serve as trustees of the trust. The sales were not reported as made under a Rule 10b5-1 plan. Separately, Bawa reported 1,644 shares held directly after the transactions.
Palo Alto Networks, Inc. is identified as issuer in a notice of a proposed sale of 250 common shares for Aparna Bawa’s account. The remarks identify The Bawa Family Trust as the seller, with Aparna Bawa as Trustee; J.P. Morgan Securities LLC is listed in the broker field. The notice gives an aggregate market value of $99,625, lists Nasdaq, and gives October 9, 2026 as the approximate sale date.
The notice also lists three sales by The Bawa Family Trust during the prior three months: 260 shares on September 24, 2026, with an aggregate market value of $102,080.39; 500 shares on September 15, 2026, with $188,556.11; and 1,000 shares on September 14, 2026, with $373,567.30.
At Palo Alto Networks Inc (PANW), the Lee and Susan Klarich 2005 Trust made a reported bona fide gift disposition of 60,000 common shares on October 8, 2026. Lee Klarich, the company's EVP Chief Product & Tech Ofcr and a director, and his spouse Susan Klarich serve as trustees. After the transfer, the trust held 555,070 shares indirectly; Lee Klarich reported 235,983 shares held directly.
Palo Alto Networks Inc. (PANW) is named as issuer for a proposed sale of 60,000 common shares, with an aggregate market value of $23.91 million and an approximate sale date of October 8, 2026. Lee Klarich is identified as an officer and the person for whose account the securities are to be sold; the sale is attributed to Boost Giving Foundation, a charitable 501(c)(3) organization he founded and whose investment decisions he controls.
Palo Alto Networks Inc Chief Accounting Officer Josh D. Paul reported two common-stock transactions on October 1, 2026. The issuer withheld 1,308 shares, reported at $397.31 per share, for income tax and withholding and remittance obligations tied to vesting and net settlement of previously reported restricted stock units. Paul also sold 400 shares at $395.70 per share under a Rule 10b5-1 trading plan adopted September 17, 2025.
Palo Alto Networks Inc (PANW) director and EVP Chief Product & Tech Ofcr Lee Klarich reported a gift disposition of 25,000 shares by the Lee and Susan Klarich 2005 Trust on September 30, 2026. Lee Klarich and his spouse, Susan Klarich, serve as the trust’s trustees. The trust held 615,070 shares after the transaction.
Palo Alto Networks Inc (PANW) EVP and CFO Dipak Golechha reported direct sales of 27,500 common shares on September 24, 2026. Reported per-share prices ranged from $388.688 to $396.210; seven of the eight entries are described as weighted-average sale prices over specified price ranges. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted June 25, 2026.