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.
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.
Palo Alto Networks reported leadership changes and updated its corporate bylaws. The company announced that founder and Chief Technology Officer Nir Zuk resigned as CTO and as a director effective August 14, 2025, citing strictly personal reasons, and is expected to continue as an advisor through November 2, 2026 under the company’s Continued Service Policy.
The Board appointed long‑time executive Lee Klarich as a Class I director effective August 14, 2025, named him chair of the Board’s Security Committee, and expanded his role to Chief Product and Technology Officer. Klarich has led product functions at the company since 2006 and will not receive additional board compensation beyond his employee pay.
The Board also adopted Amended and Restated Bylaws effective August 14, 2025. The revisions update advance notice requirements for shareholder nominations and proposals, and designate the Delaware Court of Chancery and U.S. federal district courts as exclusive forums for specified corporate and Securities Act disputes.
Nir Zuk, EVP, Chief Technology Officer and director of Palo Alto Networks (PANW), reported the sale of 100,000 shares of common stock in multiple tranches on 08/01/2025. The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on January 9, 2025. Reported tranche prices ranged approximately from $168.44 to $175.89 per share, with weighted-average prices disclosed by tranche. Following these disposals the reporting person beneficially owned 3,143,516 shares, and the Form 4 shows stepwise post-transaction holdings from 3,235,816 down to 3,143,516. No derivative securities were reported on this Form 4.