Palo Alto (PANW) 4: Arora Nikesh bought 165 shares of Common Stock at $N/A on 2… (Feb 17, 2026)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-02-12 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: 2026-02-12 | Code: A (Grant or award) Shares: +165 Shares Owned After: 275,178 | Ownership: D (Direct) Footnotes: [F1] The reported securities were acquired as merger consideration in the acquisition of CyberArk Software Ltd. by Palo Alto Networks, Inc. --- Holdings --- [Holding #1] Security: Common Stock Ownership: I (Indirect) Footnotes: [F2] 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: [F3] Shares are held by the Nikesh Arora 2025 Annuity Trust, for which the Reporting Person serves as trustee. --- Footnotes (Complete Index) --- F1: The reported securities were acquired as merger consideration in the acquisition of CyberArk Software Ltd. by Palo Alto Networks, Inc. F2: 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. F3: 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 (2026-02-17)