UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
On October 27, 2023, Palo Alto Networks, Inc. (the “Company”) filed its definitive proxy statement for the Company’s 2023 Annual Meeting of Stockholders to be held on December 12, 2023 (the “Proxy Statement”). The following information supplements the disclosures set forth in the Proxy Statement.
On November 10, 2023, the Company granted additional equity awards totaling 2,067,308 shares under the Company’s 2021 Equity Incentive Plan (the “2021 Plan”). Immediately following these grants, 8,246,285 shares remained available for issuance under the 2021 Plan. Additionally, 24,521,755 shares are subject to outstanding awards under the Company’s 2012 Equity Incentive Plan and the 2021 Plan.
Additional Equity Plan Information
The following table provides certain additional information regarding the Company’s equity compensation plans, excluding the Employee Stock Purchase Plan:
| As of 11/10/2023 | ||||
| Total Stock Options (including PSOs) Outstanding |
6,231,744 | |||
| Weighted-Average Exercise Price of Stock Options Outstanding |
$ | 65.22 per share | ||
| Weighted-Average Remaining Duration of Stock Options Outstanding |
1.90 years | |||
| Total Restricted Stock Units (including PSUs) Outstanding |
18,290,011 | |||
| Total Shares Available for Issuance under the 2021 Equity Incentive Plan |
8,246,285 | |||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PALO ALTO NETWORKS, INC. | ||
| By: | /s/ Bruce Byrd | |
| Bruce Byrd | ||
| Executive Vice President, General Counsel and Secretary | ||
Date: November 14, 2023
Document and Entity Information |
Nov. 14, 2023 |
|---|---|
| Cover [Abstract] | |
| Entity Registrant Name | Palo Alto Networks Inc |
| Amendment Flag | false |
| Entity Central Index Key | 0001327567 |
| Document Type | 8-K |
| Document Period End Date | Nov. 14, 2023 |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-35594 |
| Entity Tax Identification Number | 20-2530195 |
| Entity Address, Address Line One | 3000 Tannery Way |
| Entity Address, City or Town | Santa Clara |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 95054 |
| City Area Code | (408) |
| Local Phone Number | 753-4000 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common stock, $0.0001 par value per share |
| Trading Symbol | PANW |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |