Director Bawa Aparna bought $28,175 worth of shares (155 units at $181.77) and sold $11,837 worth of shares (71 units at $166.71), increasing direct ownership by 2% to 3,851 units (SEC Form 4)
$PANW
Computer peripheral equipment
Technology
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Palo Alto Networks Inc [ PANW ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/01/2022 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 03/01/2022 | P(1) | 18(2) | A | $197.3592(2) | 3,785 | D | |||
| Common Stock | 03/09/2022 | P(1) | 15(2) | A | $182.4362(2) | 3,800 | D | |||
| Common Stock | 11/11/2022 | S | 33 | D | $164.505 | 3,767 | D | |||
| Common Stock | 12/12/2022 | P(1) | 33 | A | $158.944 | 3,800 | D | |||
| Common Stock | 12/19/2022 | S | 33 | D | $148.98 | 3,767 | D | |||
| Common Stock | 01/19/2023 | P(1) | 32 | A | $140.7337 | 3,799 | D | |||
| Common Stock | 03/23/2023 | P(1) | 42 | A | $194.0762 | 3,841 | D | |||
| Common Stock | 09/22/2023 | P(1) | 8 | A | $229.175 | 3,849 | D | |||
| Common Stock | 12/22/2023 | S | 5 | D | $298.325 | 3,844 | D | |||
| Common Stock | 05/07/2024 | P(1) | 7 | A | $307.5482 | 3,851 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. The purchases reported herein are matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended ("Section 16(b)") with the Reporting Person's sales on August 24, 2022, May 25, 2023, June 13, 2023, September 14, 2023, December 22, 2023, and May 22, 2024. The Reporting Person has disgorged $7,273.53 to the Issuer, which represents the aggregate short-swing profits that resulted from the transactions reported on this Form 4, as calculated pursuant to Section 16(b). |
| 2. The Issuer effected a 3-for-1 stock split on September 14, 2022. This number has been adjusted to reflect the stock split. |
| /s/ Elizabeth Villalobos, Attorney-in-Fact for Aparna Bawa | 08/30/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||