0001209191-23-058567.txt : 20231213 0001209191-23-058567.hdr.sgml : 20231213 20231213200616 ACCESSION NUMBER: 0001209191-23-058567 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231211 FILED AS OF DATE: 20231213 DATE AS OF CHANGE: 20231213 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Arora Nikesh CENTRAL INDEX KEY: 0001468233 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35594 FILM NUMBER: 231485314 MAIL ADDRESS: STREET 1: 3000 TANNERY WAY CITY: SANTA CLARA STATE: CA ZIP: 95054 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Palo Alto Networks Inc CENTRAL INDEX KEY: 0001327567 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 202530195 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 BUSINESS ADDRESS: STREET 1: 3000 TANNERY WAY CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 408-753-4000 MAIL ADDRESS: STREET 1: 3000 TANNERY WAY CITY: SANTA CLARA STATE: CA ZIP: 95054 4 1 doc4.xml FORM 4 SUBMISSION X0508 4 2023-12-11 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 1 Common Stock 2023-12-11 4 M 0 5240 66.1667 A 850356 D Common Stock 2023-12-11 4 S 0 5240 300.0115 D 845116 D Common Stock 2023-12-12 4 M 0 300000 66.1667 A 1145116 D Common Stock 2023-12-12 4 S 0 6830 300.442 D 1138286 D Common Stock 2023-12-12 4 S 0 7600 301.466 D 1130686 D Common Stock 2023-12-12 4 S 0 10564 302.55 D 1120122 D Common Stock 2023-12-12 4 S 0 12190 303.574 D 1107932 D Common Stock 2023-12-12 4 S 0 8910 304.585 D 1099022 D Common Stock 2023-12-12 4 S 0 91979 305.70 D 1007043 D Common Stock 2023-12-12 4 S 0 104498 306.397 D 902545 D Common Stock 2023-12-12 4 S 0 57429 307.321 D 845116 D Common Stock 16005 I See footnote Stock Option (right to buy) 66.1667 2023-12-11 4 M 0 5240 0.00 D 2025-12-07 Common Stock 5240 2744760 D Stock Option (right to buy) 66.1667 2023-12-12 4 M 0 300000 0.00 D 2025-12-07 Common Stock 300000 2444760 D The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person that became effective June 8, 2023. On December 13, 2023, the Reporting Person terminated such Rule 10b5-1 trading plan. This sale price represents the weighted average sale price of the shares sold ranging from $300.00 to $300.07 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. This sale price represents the weighted average sale price of the shares sold ranging from $300.01 to $301.00 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. This sale price represents the weighted average sale price of the shares sold ranging from $301.015 to $302.01 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. This sale price represents the weighted average sale price of the shares sold ranging from $302.015 to $303.01 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. This sale price represents the weighted average sale price of the shares sold ranging from $303.02 to $304.01 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. This sale price represents the weighted average sale price of the shares sold ranging from $304.02 to $305.015 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. This sale price represents the weighted average sale price of the shares sold ranging from $305.04 to $306.035 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. This sale price represents the weighted average sale price of the shares sold ranging from $306.04 to 307.035 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. This sale price represents the weighted average sale price of the shares sold ranging from $307.04 to $307.805 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. Shares are 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. The shares subject to the option are fully vested and exercisable. /s/ Elizabeth Villalobos, Attorney-in-Fact for Nikesh Arora 2023-12-13