=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-09-24
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: Palo Alto Networks Inc (PANW)
CIK: 0001327567
--- Reporting Owner ---
Name: Golechha Dipak
CIK: 0001852540
Role: Officer (EVP, Chief Financial Officer)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-09-24 | Code: S (Open market sale)
Shares: -900 | Price: $388.69
Total Value: $349,819.20
Shares Owned After: 144,350 | Ownership: D (Direct)
Footnotes:
[F1] The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2026.
[F2] This sale price represents the weighted average sale price of the shares sold ranging from $388.10 to $388.95 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.
[Transaction #2]
Security: Common Stock
Date: 2026-09-24 | Code: S (Open market sale)
Shares: -2,160 | Price: $389.85
Total Value: $842,073.84
Shares Owned After: 142,190 | Ownership: D (Direct)
Footnotes:
[F1] The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2026.
[F3] This sale price represents the weighted average sale price of the shares sold ranging from $389.16 to $390.15 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.
[Transaction #3]
Security: Common Stock
Date: 2026-09-24 | Code: S (Open market sale)
Shares: -9,539 | Price: $390.65
Total Value: $3,726,458.04
Shares Owned After: 132,651 | Ownership: D (Direct)
Footnotes:
[F1] The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2026.
[F4] This sale price represents the weighted average sale price of the shares sold ranging from 390.16 to 391.13 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.
[Transaction #4]
Security: Common Stock
Date: 2026-09-24 | Code: S (Open market sale)
Shares: -5,301 | Price: $391.71
Total Value: $2,076,454.71
Shares Owned After: 127,350 | Ownership: D (Direct)
Footnotes:
[F1] The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2026.
[F5] This sale price represents the weighted average sale price of the shares sold ranging from $391.17 to $392.16 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.
[Transaction #5]
Security: Common Stock
Date: 2026-09-24 | Code: S (Open market sale)
Shares: -6,400 | Price: $392.71
Total Value: $2,513,350.40
Shares Owned After: 120,950 | Ownership: D (Direct)
Footnotes:
[F1] The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2026.
[F6] This sale price represents the weighted average sale price of the shares sold ranging from $392.18 to $393.17 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.
[Transaction #6]
Security: Common Stock
Date: 2026-09-24 | Code: S (Open market sale)
Shares: -2,200 | Price: $393.58
Total Value: $865,880.40
Shares Owned After: 118,750 | Ownership: D (Direct)
Footnotes:
[F1] The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2026.
[F7] This sale price represents the weighted average sale price of the shares sold ranging from $393.18 to $394.13 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.
[Transaction #7]
Security: Common Stock
Date: 2026-09-24 | Code: S (Open market sale)
Shares: -900 | Price: $394.98
Total Value: $355,479.30
Shares Owned After: 117,850 | Ownership: D (Direct)
Footnotes:
[F1] The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2026.
[F8] This sale price represents the weighted average sale price of the shares sold ranging from $394.49 to $395.42 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.
[Transaction #8]
Security: Common Stock
Date: 2026-09-24 | Code: S (Open market sale)
Shares: -100 | Price: $396.21
Total Value: $39,621.00
Shares Owned After: 117,750 | Ownership: D (Direct)
Footnotes:
[F1] The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2026.
--- Footnotes (Complete Index) ---
F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2026.
F2: This sale price represents the weighted average sale price of the shares sold ranging from $388.10 to $388.95 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.
F3: This sale price represents the weighted average sale price of the shares sold ranging from $389.16 to $390.15 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.
F4: This sale price represents the weighted average sale price of the shares sold ranging from 390.16 to 391.13 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.
F5: This sale price represents the weighted average sale price of the shares sold ranging from $391.17 to $392.16 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.
F6: This sale price represents the weighted average sale price of the shares sold ranging from $392.18 to $393.17 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.
F7: This sale price represents the weighted average sale price of the shares sold ranging from $393.18 to $394.13 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.
F8: This sale price represents the weighted average sale price of the shares sold ranging from $394.49 to $395.42 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.
--- Signature ---
/s/ /s/ Elizabeth Villalobos, Attorney-in-Fact for Dipak Golechha (2026-09-28)
