Palo Alto (PANW) 4: Arora Nikesh bought 67,985 shares of Common Stock at $146.8… (Mar 27, 2026)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-03-27 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Palo Alto Networks Inc (PANW) CIK: 0001327567 --- Reporting Owner --- Name: Arora Nikesh CIK: 0001468233 Role: Director, Officer (Chief Executive Officer) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-03-27 | Code: P (Open market purchase) Shares: +67,985 | Price: $146.87 Total Value: $9,985,228.89 Shares Owned After: 343,294 | Ownership: D (Direct) Footnotes: [F1] This purchase price represents the weighted average purchase price of the shares purchased ranging from $146.46 to $147.455 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 purchased at each separate price within the range set forth in this Form 4. [F2] Includes shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan. [Transaction #2] Security: Common Stock Date: 2026-03-27 | Code: P (Open market purchase) Shares: +100 | Price: $147.48 Total Value: $14,748.00 Shares Owned After: 343,394 | Ownership: D (Direct) --- Holdings --- [Holding #1] Security: Common Stock Ownership: I (Indirect) Footnotes: [F3] 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. [Holding #2] Security: Common Stock Ownership: I (Indirect) Footnotes: [F4] Shares are held by the Nikesh Arora 2025 Annuity Trust, for which the Reporting Person serves as trustee. --- Footnotes (Complete Index) --- F1: This purchase price represents the weighted average purchase price of the shares purchased ranging from $146.46 to $147.455 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 purchased at each separate price within the range set forth in this Form 4. F2: Includes shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan. F3: 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. F4: Shares are held by the Nikesh Arora 2025 Annuity Trust, for which the Reporting Person serves as trustee. --- Signature --- /s/ /s/ Elizabeth Villalobos, Attorney-in-Fact for Nikesh Arora (2026-03-27)