Welcome to our dedicated page for Palo Alto SEC filings (Ticker: PANW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Palo Alto Networks, Inc. (NASDAQ: PANW) uses its SEC filings to disclose material events, financial results, governance decisions and strategic transactions related to its AI and cybersecurity business. As a Nasdaq-listed company, it files current reports on Form 8-K, annual proxy statements on Schedule 14A and other documents that together provide a detailed regulatory record of its operations and corporate actions.
Recent 8-K filings illustrate how Palo Alto Networks reports key developments. The company has filed 8-Ks describing an Agreement and Plan of Merger with CyberArk Software Ltd., under which a wholly owned subsidiary of Palo Alto Networks will merge with CyberArk, subject to customary closing conditions and regulatory approvals. Other 8-Ks outline a definitive agreement to acquire Chronosphere, a next-generation observability platform, and an extension of a share repurchase authorization. Additional 8-Ks report quarterly and annual financial results, changes in board composition, amendments to bylaws and updates to equity incentive plans.
The definitive proxy statement on Schedule 14A provides further insight into governance, executive compensation and strategy. In that document, Palo Alto Networks discusses its platformization approach, its focus on AI-era security and its view of identity security as a new pillar following the proposed CyberArk transaction. The proxy also details shareholder proposals and voting outcomes, such as approval of amendments to the 2021 Equity Incentive Plan and a shareholder proposal to elect each director annually.
On Stock Titan’s SEC filings page for PANW, users can review these filings as they are made available through EDGAR and use AI-powered summaries to interpret complex documents. Filings such as 10-K annual reports and 10-Q quarterly reports (when available), along with 8-K current reports and proxy materials, can be analyzed to understand how Palo Alto Networks describes risks, reports financial performance, structures equity compensation and documents acquisitions. Investors can also monitor disclosures about share repurchase authorizations and material agreements that affect the company’s capital structure and strategic direction.
Palo Alto Networks, Inc. filed a current report to supplement its 2025 annual meeting proxy with updated equity compensation information. On November 10, 2025, the company granted additional equity awards totaling 2,735,105 shares of common stock under its 2021 Equity Incentive Plan, with a maximum potential payout of up to 2,958,667 shares. After these grants, 24,341,864 shares remained available for future awards under the 2021 plan, and 26,116,221 shares were subject to outstanding awards under the 2012 and 2021 equity plans.
As of November 17, 2025, the company had 184,020 stock options outstanding with a weighted-average exercise price of $32.25 per share and a weighted-average remaining duration of 0.42 years, and 25,932,201 restricted stock units outstanding. This update gives shareholders a clearer view of existing equity awards and remaining capacity under the 2021 equity plan, excluding the employee stock purchase plan.
Palo Alto Networks reported solid growth for the quarter ended October 31, 2025. Total revenue reached $2.47 billion, up from $2.14 billion a year earlier, a 16% increase. Product revenue rose to $434 million (23% growth), while subscription and support revenue grew to $2.04 billion (14% growth), keeping recurring revenue as the core of the business.
Net income was $334 million, slightly below $351 million a year ago, with diluted EPS of $0.47 versus $0.49. Operating income improved to $309 million from $286 million, and cash flow from operations was strong at $1.77 billion, up from $1.51 billion. As of October 31, 2025, cash and cash equivalents were $3.07 billion and long-term investments were $5.98 billion.
Remaining performance obligations stood at $15.5 billion, with about $6.9 billion expected to convert to revenue over the next 12 months, underscoring multi-year visibility. The company also highlighted a pending ~$25 billion cash-and-stock acquisition of CyberArk Software and a separate agreement to acquire Chronosphere for $3.35 billion, which would expand its identity security and observability capabilities.
Palo Alto Networks, Inc. announced that director Mary Pat McCarthy will retire from its Board of Directors effective January 23, 2026. She stepped down as chair of the Audit Committee on November 18, 2025 but will remain on both the Audit Committee and the Security Committee until her retirement. The company states she is retiring voluntarily for strictly personal reasons.
The Board appointed Mark Goodburn, former senior executive at KPMG International, as a Class I director with a term expiring at the 2027 annual meeting. He will serve as chair of the Audit Committee and a member of the Security Committee. In line with the company’s director compensation policy, he is expected to receive an initial restricted stock unit award valued at approximately $1,000,000, vesting over three years, with full vesting upon a change of control and additional annual RSU grants tied to continued Board service.
Palo Alto Networks, Inc. reported that it has released financial results for its first quarter ended October 31, 2025, via a press release furnished to investors. While specific numbers are not included here, the update covers the company’s recent operating and financial performance.
The company also announced it has entered into an Agreement and Plan of Merger to acquire Chronosphere, Inc. through a wholly owned merger subsidiary, with Chronosphere to become a wholly owned subsidiary upon closing, subject to customary closing conditions and required regulatory approvals.
Separately, the board approved an extension of the company’s existing $1 billion common stock repurchase authorization through December 31, 2026, to be funded from available working capital and executed opportunistically using various trading methods. The company had approximately 697 million shares of common stock outstanding as of November 11, 2025.
Palo Alto Networks filed its 2025 definitive proxy statement for the virtual Annual Meeting on December 9, 2025 at 11:00 A.M. PT. The Board recommends “FOR” the election of three Class II directors, auditor ratification, advisory say‑on‑pay, and an amendment to the 2021 Equity Incentive Plan, and “AGAINST” two shareholder proposals.
Fiscal 2025 results highlight platform momentum: total revenue was $9.22 billion (up 15%), Next‑Generation Security ARR reached $5.58 billion (up 32%), and remaining performance obligations were $15.8 billion (up 24%). Management emphasizes innovation across Network Security and Security Operations and notes strong adoption of Cortex XSIAM.
The company announced on July 30, 2025 its intent to acquire CyberArk to expand Identity Security, subject to closing. Governance updates include extensive shareholder engagement with holders of approximately 53% of shares and compensation changes: 100% performance‑based equity for NEOs and a reduction of PSU maximum payout to 400% of target, with tighter metrics aligned to NGS ARR and non‑GAAP EPS.
Palo Alto Networks (PANW) Chief Accounting Officer Josh D. Paul reported PSU-related activity and a small open-market sale. On 11/01/2025, 31,201 common shares vested from performance-based RSUs. To cover taxes, the issuer withheld 15,470 shares at $220.24 per share, which is not a sale. On 11/03/2025, he sold 700 shares at $219.97 pursuant to a Rule 10b5-1 plan adopted on 10/01/2024. Following these transactions, he beneficially owns 47,505 shares, held directly.
Palo Alto Networks (PANW) President William D. Jenkins, Jr. reported a Form 4 for transactions on November 1, 2025. He acquired 312,025 shares of common stock at $0 upon vesting of previously granted performance-based RSUs. The filing notes that 164,219 shares were withheld at $220.24 to cover taxes related to the vesting, which is not a sale by the reporting person. Following these transactions, he beneficially owns 155,339 shares directly.
Palo Alto Networks (PANW) EVP and director Lee Klarich reported multiple Form 4 transactions. On 11/01/2025, 468,038 shares vested from performance-based RSUs at $0, and 232,055 shares were withheld to cover taxes at $220.24 per share. On 11/03/2025, he exercised 92,010 stock options at an exercise price of $32.25 and sold shares in pre-set tranches under a Rule 10b5-1 plan, including 8,371 at $215.883 and 45,515 at $218.004.
Following these transactions, he owned 356,409 shares directly and 690,000 shares indirectly via the Lee and Susan Klarich 2005 Trust. He also reported 184,020 derivative securities beneficially owned after the transactions.
Palo Alto Networks (PANW) reported an insider equity update for its EVP and CFO. On November 1, 2025, 280,820 shares of common stock were acquired at $0 upon vesting of previously granted performance-based RSUs. Of these, 140,410 shares were deferred into phantom stock under the company’s Deferred Compensation Plan, and 73,926 shares were withheld at $220.24 to cover taxes. Following these transactions, the officer beneficially owned 162,619 shares of common stock directly.
Each phantom stock unit equals one share of common stock, with releases expected in installments beginning on or about January 31, 2030 and ending on or about January 31, 2034.
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