Palo Alto SEC Filings

Palo Alto Networks (PANW) Form 144 notice: An individual proposes to sell 846,408 shares of common stock on 09/23/2025 through Morgan Stanley Smith Barney LLC on NASDAQ. The filing lists an aggregate market value of $176,205,217.44 and total outstanding shares of 668,900,000. The shares were acquired by exercise of stock options on the same date and paid in cash. The filer certifies they are not aware of undisclosed material adverse information and indicates no securities were sold by the filer in the prior three months.

Lee Klarich, a director and the EVP Chief Product & Technology Officer of Palo Alto Networks Inc (PANW), filed a Form 4 reporting insider transactions dated 09/18/2025. The filing shows a transaction coded G disposing of 50,000 shares of Common Stock at a reported price of $0, with 690,000 shares listed as beneficially owned indirectly following the transaction. A separate line in the filing lists 177,954 shares with direct ownership indicated. The filer notes in a footnote that the shares are held by the Klarich 2005 Trust, for which the reporting person and his spouse serve as trustees. The form was signed by an attorney-in-fact on 09/19/2025.

Lee Klarich, EVP Chief Product & Tech Officer and director at Palo Alto Networks (PANW), reported multiple transactions on Form 4. On 09/03/2025 he exercised 92,010 stock options with an exercise price of $32.25, resulting in the acquisition of 92,010 shares. On the same date he sold a series of shares under a Rule 10b5-1 plan adopted on 09/27/2024: 2,282; 5,544; 50,699; 61,600; and 649 shares at weighted-average prices ranging from about $188.16 up to $192.31 per share. Following these transactions his reported direct beneficial ownership figures include 177,954 shares (direct) and 740,000 shares held indirectly by the Klarich 2005 Trust for which he and his spouse are trustees. The exercised options are fully vested and exercisable.

Palo Alto Networks insider sale notice: This Form 144 reports a proposed sale of 120,774 Class A common shares by an affiliate through Goldman Sachs & Co. LLC, with an aggregate market value of $23,131,844.22 and an approximate sale date of 09/03/2025 on NASD. The filing discloses the acquisition history for the shares sold: 92,010 from a 10/20/2018 stock-option cashless exercise/same-day sale, 8,772 RSUs from 07/31/2019, and 19,992 RSUs from 10/20/2020. The document also lists multiple recent sales by Lee Klarich totaling repeated disposals on 06/04/2025, 07/07/2025, and 08/04/2025 with gross proceeds shown for each transaction.

Palo Alto Networks filed a Registration Statement on Form S-8 to register securities for its employee benefit plan. The filing lists incorporated exhibits including the Restated Certificate of Incorporation, Amended and Restated Bylaws, specimen stock certificate, legal opinion, auditor consent, power of attorney, the 2012 Employee Stock Purchase Plan (as amended and restated), and a filing-fee calculation. The signature block shows the company’s CEO, CFO, Chief Accounting Officer and board members signed on August 29, 2025.

Palo Alto Networks insider report: Chief Accounting Officer Josh D. Paul had 1,928 shares withheld at a price of $185.88 on 08/23/2025 to satisfy income tax and withholding obligations arising from the vesting and net settlement of previously reported restricted stock units (RSUs). After this withholding, the reporting person beneficially owns 35,795 shares of Palo Alto Networks common stock. The filing was submitted via a Section 10b5-1 plan checkbox and executed by an attorney-in-fact.

Insider transaction summary: William D. Jenkins Jr., an officer of Palo Alto Networks Inc. (PANW), reported transactions dated 08/20/2025 related to restricted stock units that vested and were deferred under the company's Deferred Compensation Plan. He disposed of 3,828 common shares for $0 as part of the deferral election, and 3,828 phantom stock units were recorded representing rights to one share each. Following the filing, he directly owns 7,533 shares of common stock and beneficially owns 283,067 phantom shares that are scheduled to be released on or about January 31, 2027.

Josh D. Paul, Chief Accounting Officer of Palo Alto Networks Inc. (PANW), reported two transactions dated 08/21/2025. The company withheld 1,528 shares to satisfy tax withholding related to vesting and net settlement of previously reported restricted stock units; this withholding is explicitly not a sale and occurred at a per-share value of $184.43. Separately, Mr. Paul sold 700 shares at $184.20 pursuant to a Rule 10b5-1 trading plan adopted on October 1, 2024. After these transactions, the reporting person beneficially owned 37,723 shares. The Form 4 was signed by an attorney-in-fact on 08/22/2025.

Palo Alto Networks (PANW) notice of proposed sale under Rule 144. The filer intends to sell 2,800 shares of common stock through Morgan Stanley Smith Barney, with an aggregate market value of $516,404.00 based on the filing. The filing reports 666,800,000 shares outstanding and an approximate sale date of 08/21/2025. The securities were reported as acquired as Restricted Stock Units on 08/21/2025, with payment noted the same date. The notice also discloses two prior 10b5-1 sales by the same person: 800 shares on 06/20/2025 for $160,840.00 and 600 shares on 07/01/2025 for $122,400.00. The filer attests to no undisclosed material information.