X0306 4 2022-01-20 0 0001327567 Palo Alto Networks Inc PANW 0001468233 Arora Nikesh C/O PALO ALTO NETWORKS INC. 3000 TANNERY WAY SANTA CLARA CA 95054 1 1 0 0 Chief Executive Officer Common Stock 2021-12-30 5 G 0 E 5335 0.00 D 542018 D Common Stock 2022-01-20 4 F 0 2893 519.67 D 539125 D Common Stock 5335 I See footnote This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of performance-based restricted stock units. Reflects shares held by Bacchey Investments L.P., of which Bacchey Management LLC (the "LLC") is the General Partner. The Reporting Person is the manager of the LLC. The sole member of the LLC is the Aurora Trust, for which the Reporting Person serves as a trustee. /s/ Elizabeth Villalobos, Attorney-in-Fact for Nikesh Arora 2022-01-21