PANW

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 14

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,216,128

F2 · kind: 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 March 27, 2024.

F14 · price: This sale price represents the weighted average sale price of the shares sold ranging from $177.71 to $178.70 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.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 13

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,248,308

F2 · kind: 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 March 27, 2024.

F13 · price: This sale price represents the weighted average sale price of the shares sold ranging from $176.70 to $177.695 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.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 12

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,262,646

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000950170-25-002934 · ownership.xml · derivative · entry 9

Klarich Lee · CIK 0001682260 · EVP, Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,104,158

Underlying: Common Stock · 120,000 shares

Expires 2025-10-19

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: This number reflects the Issuer's 2-for-1 stock split effected December 13, 2024.

F9 · derivative.exercise_date: The shares subject to the option are fully vested and exercisable.

F1 · balance_after: This number reflects the Issuer's 2-for-1 stock split effected December 13, 2024.

SEC source: 0000950170-25-002934 · ownership.xml · nonDerivative · entry 7

Klarich Lee · CIK 0001682260 · EVP, Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 365,856

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 22, 2023.

F8 · price: This sale price represents the weighted average sale price of the shares sold ranging from $182.06 to $182.42 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.

SEC source: 0000950170-25-002934 · ownership.xml · nonDerivative · entry 6

Klarich Lee · CIK 0001682260 · EVP, Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 372,019

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 22, 2023.

F7 · price: This sale price represents the weighted average sale price of the shares sold ranging from $181.06 to $182.045 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.

SEC source: 0000950170-25-002934 · ownership.xml · nonDerivative · entry 5

Klarich Lee · CIK 0001682260 · EVP, Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 395,577

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 22, 2023.

F6 · price: This sale price represents the weighted average sale price of the shares sold ranging from $180.06 to $181.05 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.

SEC source: 0000950170-25-002934 · ownership.xml · nonDerivative · entry 4

Klarich Lee · CIK 0001682260 · EVP, Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 418,609

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 22, 2023.

F5 · price: This sale price represents the weighted average sale price of the shares sold ranging from $179.035 to $180.03 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.

SEC source: 0000950170-25-002934 · ownership.xml · nonDerivative · entry 3

Klarich Lee · CIK 0001682260 · EVP, Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 436,827

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 22, 2023.

F4 · price: This sale price represents the weighted average sale price of the shares sold ranging from $177.965 to $178.96 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.

SEC source: 0000950170-25-002934 · ownership.xml · nonDerivative · entry 2

Klarich Lee · CIK 0001682260 · EVP, Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 465,371

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 22, 2023.

F3 · price: This sale price represents the weighted average sale price of the shares sold ranging from $176.965 to $177.96 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.

SEC source: 0000950170-25-002934 · ownership.xml · nonDerivative · entry 1

Klarich Lee · CIK 0001682260 · EVP, Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 485,856

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: This number reflects the Issuer's 2-for-1 stock split effected December 13, 2024.

F1 · balance_after: This number reflects the Issuer's 2-for-1 stock split effected December 13, 2024.

SEC source: 0000950170-25-002418 · ownership.xml · derivative · entry 22

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 3,387,838

Underlying: Common Stock · 235,492 shares

Expires 2025-12-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: This number reflects the Issuer's 2-for-1 stock split effected December 13, 2024.

F7 · derivative.exercise_date: The shares subject to the option are fully vested and exercisable.

F1 · balance_after: This number reflects the Issuer's 2-for-1 stock split effected December 13, 2024.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 11

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,086,404

F2 · kind: 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 March 27, 2024.

F12 · price: This sale price represents the weighted average sale price of the shares sold ranging from $184.40 to $184.7375 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.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 10

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,095,210

F2 · kind: 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 March 27, 2024.

F11 · price: This sale price represents the weighted average sale price of the shares sold ranging from $183.40 to $184.395 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.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 9

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,194,064

F2 · kind: 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 March 27, 2024.

F10 · price: This sale price represents the weighted average sale price of the shares sold ranging from $182.40 to $183.395 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.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 8

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,296,394

F2 · kind: 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 March 27, 2024.

F9 · price: This sale price represents the weighted average sale price of the shares sold ranging from $181.40 to $182.395 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.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 7

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,316,058

F2 · kind: 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 March 27, 2024.

F8 · price: This sale price represents the weighted average sale price of the shares sold ranging from $180.40 to $181.385 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.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 6

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,321,896

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0000950170-25-001241 · ownership.xml · nonDerivative · entry 1

Paul Josh D. · CIK 0001882285 · Chief Accounting Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 48,676

F1 · kind: The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 1, 2024.

SEC source: 0000950170-25-002418 · ownership.xml · derivative · entry 21

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 3,623,330

Underlying: Common Stock · 376,670 shares

Expires 2025-12-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: This number reflects the Issuer's 2-for-1 stock split effected December 13, 2024.

F7 · derivative.exercise_date: The shares subject to the option are fully vested and exercisable.

F1 · balance_after: This number reflects the Issuer's 2-for-1 stock split effected December 13, 2024.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 5

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,086,404

F2 · kind: 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 March 27, 2024.

F6 · price: This sale price represents the weighted average sale price of the shares sold ranging from $183.555 to $184.26 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.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 4

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,112,106

F2 · kind: 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 March 27, 2024.

F5 · price: This sale price represents the weighted average sale price of the shares sold ranging from $182.53 to $183.52 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.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 3

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,124,226

F2 · kind: 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 March 27, 2024.

F4 · price: This sale price represents the weighted average sale price of the shares sold ranging from $181.53 to $182.52 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.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 2

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,234,373

F2 · kind: 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 March 27, 2024.

F3 · price: This sale price represents the weighted average sale price of the shares sold ranging from $179.94 to $180.72 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.

SEC source: 0000950170-25-002418 · ownership.xml · nonDerivative · entry 1

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,463,074

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: This number reflects the Issuer's 2-for-1 stock split effected December 13, 2024.

F1 · balance_after: This number reflects the Issuer's 2-for-1 stock split effected December 13, 2024.

SEC source: 0000950170-24-139090 · ownership.xml · nonDerivative · entry 1

Golechha Dipak · CIK 0001852540 · EVP, Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 121,710

F1 · kind: 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 previously reported restricted stock units and performance-based restricted stock units.

F2 · balance_after: The number of shares beneficially owned reflects the Issuer's 2-for-1 stock split effected December 13, 2024.

SEC source: 0000950170-24-139605 · ownership.xml · nonDerivative · entry 1

Paul Josh D. · CIK 0001882285 · Chief Accounting Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 50,076

F1 · kind: 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 previously reported restricted stock units.

F2 · balance_after: The number of shares beneficially owned reflects the Issuer's 2-for-1 stock split effected December 13, 2024.

SEC source: 0000950170-24-136228 · ownership.xml · nonDerivative · entry 6

McCarthy Mary Pat · CIK 0001565570 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 26,495

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2024.

F5 · price: This sale price represents the weighted average sale price of the shares sold ranging from $402.39 to $402.85 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.

SEC source: 0000950170-24-136228 · ownership.xml · nonDerivative · entry 5

McCarthy Mary Pat · CIK 0001565570 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 27,291

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2024.

F4 · price: This sale price represents the weighted average sale price of the shares sold ranging from $401.39 to $402.33 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.

SEC source: 0000950170-24-136228 · ownership.xml · nonDerivative · entry 4

McCarthy Mary Pat · CIK 0001565570 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 29,031

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2024.

F3 · price: This sale price represents the weighted average sale price of the shares sold ranging from $400.36 to $401.10 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.

SEC source: 0000950170-24-136228 · ownership.xml · nonDerivative · entry 3

McCarthy Mary Pat · CIK 0001565570 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 29,806

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2024.

F2 · price: This sale price represents the weighted average sale price of the shares sold ranging from $399.34 to $400.32 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.

SEC source: 0000950170-24-136228 · ownership.xml · nonDerivative · entry 2

McCarthy Mary Pat · CIK 0001565570 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 30,895

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2024.

SEC source: 0000950170-24-136228 · ownership.xml · nonDerivative · entry 1

McCarthy Mary Pat · CIK 0001565570 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 32,395

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2024.

SEC source: 0000950170-24-135514 · ownership.xml · nonDerivative · entry 1

Bawa Aparna · CIK 0001773301 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,829

F1 · shares: Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest in equal quarterly increments over a one year period, subject to the Reporting Person's continued service as of each such date.

SEC source: 0000950170-24-135520 · ownership.xml · nonDerivative · entry 1

Donovan John · CIK 0001353825 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,836

F1 · shares: Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest in equal quarterly increments over a one year period, subject to the Reporting Person's continued service as of each such date.

SEC source: 0000950170-24-135523 · ownership.xml · nonDerivative · entry 1

Eschenbach Carl M. · CIK 0001409324 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,121

F1 · shares: Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest in equal quarterly increments over a one year period, subject to the Reporting Person's continued service as of each such date.

SEC source: 0000950170-24-135529 · ownership.xml · nonDerivative · entry 1

Gayle Helene D · CIK 0001487047 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,050

F1 · shares: Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest in equal quarterly increments over a one year period, subject to the Reporting Person's continued service as of each such date.

SEC source: 0000950170-24-135534 · ownership.xml · nonDerivative · entry 1

Key John P. · CIK 0001772458 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,642

F1 · shares: Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest in equal quarterly increments over a one year period, subject to the Reporting Person's continued service as of each such date.

SEC source: 0000950170-24-135538 · ownership.xml · nonDerivative · entry 1

McCarthy Mary Pat · CIK 0001565570 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 32,495

F1 · shares: Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest in equal quarterly increments over a one year period, subject to the Reporting Person's continued service as of each such date.

SEC source: 0000950170-24-135540 · ownership.xml · nonDerivative · entry 1

Twohill Lorraine · CIK 0001539925 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,173

F1 · shares: Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest in equal quarterly increments over a one year period, subject to the Reporting Person's continued service as of each such date.

SEC source: 0000950170-24-134992 · ownership.xml · derivative · entry 3

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 843,811

Underlying: Common Stock · 21,279 shares

Expires not disclosed

F1 · derivative.exercise_price: In connection with the vesting of previously reported restricted stock units, the Reporting Person elected to defer these shares pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan").

F3 · derivative.exercise_price: Pursuant to the Deferred Compensation Plan, each share of phantom stock represents the Reporting Person's right to receive one share of common stock of the Issuer. The common stock shares will be released on or about January 31, 2027.

F1 · derivative.exercise_date: In connection with the vesting of previously reported restricted stock units, the Reporting Person elected to defer these shares pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan").

F3 · derivative.exercise_date: Pursuant to the Deferred Compensation Plan, each share of phantom stock represents the Reporting Person's right to receive one share of common stock of the Issuer. The common stock shares will be released on or about January 31, 2027.

F1 · derivative.expiration_date: In connection with the vesting of previously reported restricted stock units, the Reporting Person elected to defer these shares pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan").

F3 · derivative.expiration_date: Pursuant to the Deferred Compensation Plan, each share of phantom stock represents the Reporting Person's right to receive one share of common stock of the Issuer. The common stock shares will be released on or about January 31, 2027.

SEC source: 0000950170-24-134992 · ownership.xml · nonDerivative · entry 1

Arora Nikesh · CIK 0001468233 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 543,202

F1 · kind: In connection with the vesting of previously reported restricted stock units, the Reporting Person elected to defer these shares pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan").

SEC source: 0000950170-24-133717 · ownership.xml · nonDerivative · entry 1

Eschenbach Carl M. · CIK 0001409324 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,232

SEC source: 0000950170-25-005865 · ownership.xml · nonDerivative · entry 1

Bawa Aparna · CIK 0001773301 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,579

SEC source: 0000950170-24-132793 · ownership.xml · nonDerivative · entry 1

Paul Josh D. · CIK 0001882285 · Chief Accounting Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 26,020

F1 · kind: The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 7, 2023.

SEC source: 0000950170-24-132795 · ownership.xml · nonDerivative · entry 1

Golechha Dipak · CIK 0001852540 · EVP, Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 64,165

F1 · kind: The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 13, 2023.

SEC source: 0000950170-24-132801 · ownership.xml · derivative · entry 9

Klarich Lee · CIK 0001682260 · EVP, Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 612,079

Underlying: Common Stock · 60,000 shares

Expires 2025-10-19

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F8 · derivative.exercise_date: The shares subject to the option are fully vested and exercisable.

SEC source: 0000950170-24-132801 · ownership.xml · nonDerivative · entry 7

Klarich Lee · CIK 0001682260 · EVP, Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 182,928

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 22, 2023.

F7 · price: This sale price represents the weighted average sale price of the shares sold ranging from $391.70 to $391.76 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.

SEC source: 0000950170-24-132801 · ownership.xml · nonDerivative · entry 6

Klarich Lee · CIK 0001682260 · EVP, Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 183,258

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 22, 2023.

F6 · price: This sale price represents the weighted average sale price of the shares sold ranging from $390.68 to $391.675 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.

SEC source: 0000950170-24-132801 · ownership.xml · nonDerivative · entry 5

Klarich Lee · CIK 0001682260 · EVP, Chief Product Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 194,845

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 22, 2023.

F5 · price: This sale price represents the weighted average sale price of the shares sold ranging from $389.68 to $390.67 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.