Welcome to our dedicated page for Palo Alto Networks 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. 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 Chief Accounting Officer Josh D. Paul received an equity award in the form of restricted stock units. On 08/19/2025, he was granted 14,393 shares of common stock at a price of $0.00 per share, reported as an acquisition.
Each share is represented by a restricted stock unit that will vest in three equal installments on August 1 of 2026, 2027, and 2028, as long as he continues to be a service provider through each vesting date. Following this grant, he beneficially owned 60,398 shares of common stock, held directly.
Palo Alto Networks Inc. executive and director Lee Klarich reported stock option exercises and share sales. On January 8, 2026, he exercised a stock option for 92,010 shares of common stock at an exercise price of $32.25 per share, converting the option into directly held stock.
On the same date, he sold 12,620, 46,192, 54,882, 6,707 and 367 Palo Alto Networks shares in multiple transactions at weighted average prices between about $189.603 and $193.161 per share, under a Rule 10b5-1 trading plan adopted on September 27, 2024. After these trades, he directly owned 298,887 common shares and indirectly held 640,000 shares through the Lee and Susan Klarich 2005 Trust, where he and his spouse serve as trustees.
Lee Klarich has filed a Form 144 notice to sell Class A Common shares of the issuer. The filing covers 120768 shares to be sold through Goldman Sachs & Co. LLC on or about 01/08/2026 on the NASD market, against 697000000 Class A Common shares outstanding.
The shares to be sold were acquired as compensation, including 92010 shares from stock options exercised on 10/20/2018 through a cashless, same-day sale and 28758 shares from restricted stock units granted on 10/20/2020. The notice also lists several prior Class A Common sales by Lee Klarich over the past three months in 2025, with individual transactions of 92010 and 28764 shares generating multi-million dollar gross proceeds.
Palo Alto Networks, Inc. filed a registration statement to register 10,000,000 shares of its common stock for issuance under its 2021 Equity Incentive Plan, as amended. These additional shares reflect a Reserve Amendment to the plan that was approved by stockholders at the 2025 annual meeting held on December 9, 2025. Once issued, the shares may be used for employee and other eligible service-provider equity awards as provided for under the plan.
Palo Alto Networks executive Lee Klarich, who serves as a director and as EVP Chief Product & Tech Officer, reported an insider transaction in Palo Alto Networks Inc. common stock. On 12/10/2025, a transaction coded G recorded the disposition of 50,000 shares at a reported price of $0. Following this move, he beneficially owned 640,000 shares indirectly and 327,645 shares directly.
The 640,000 indirectly owned shares are held by the Lee and Susan Klarich 2005 Trust dated December 5, 2005, for which Klarich and his spouse act as trustees. This filing reflects an update to his ownership position.
Palo Alto Networks director Mary Pat McCarthy reported acquiring 2,033 shares of common stock on December 9, 2025 in the form of restricted stock units at a price of $0 per share, bringing her direct ownership to 55,023 shares.
Each unit represents one share and will vest in equal quarterly installments over one year, as long as she continues serving, and the reported holdings reflect the company’s 2-for-1 stock split effective December 13, 2024.
Palo Alto Networks director Carl M. Eschenbach reported acquiring 1,881 shares of the company’s common stock on December 9, 2025. The shares are in the form of Restricted Stock Units (RSUs) that will vest in equal quarterly installments over one year, as long as he continues serving in his role on each vesting date.
After this award, he directly beneficially owns 22,123 shares of Palo Alto Networks common stock. The reported share balance reflects the company’s 2-for-1 stock split that was effected on December 13, 2024.
Palo Alto Networks director Lorraine Twohill reported receiving 2,135 restricted stock units on 12/09/2025. The grant was recorded at a price of $0 per share and brings her direct beneficial ownership to 44,481 shares of common stock.
The restricted stock units will vest in equal quarterly installments over a one-year period, conditioned on her continued service with the company. The reported share balance reflects Palo Alto Networks' 2-for-1 stock split effected on December 13, 2024.
Palo Alto Networks, Inc. reported the results of its 2025 Annual Meeting of Shareholders. Shareholders approved an amendment to the 2021 Equity Incentive Plan, adding 10,000,000 shares of common stock reserved for future issuance, increasing the pool of equity available for employee and director compensation.
Shareholders elected Class II directors John M. Donovan, James J. Goetz and Helle Thorning-Schmidt to serve until the 2028 annual meeting, and ratified Ernst & Young LLP as independent auditor for the fiscal year ending July 31, 2026. An advisory vote on named executive officer compensation received 221,211,579 votes for, 253,792,757 against and 4,432,315 abstentions. A shareholder proposal on a policy addressing the impact of share repurchases on financial performance metrics was not approved, while a proposal to elect all directors annually was approved.
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.