Filing Details
- Accession Number:
- 0001209191-23-058567
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-12-13 20:06:16
- Reporting Period:
- 2023-12-11
- Accepted Time:
- 2023-12-13 20:06:16
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1327567 | Palo Alto Networks Inc | PANW | Computer Peripheral Equipment, Nec (3577) | 202530195 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1468233 | Nikesh Arora | C/O Palo Alto Networks Inc. 3000 Tannery Way Santa Clara CA 95054 | Chief Executive Officer | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-12-11 | 5,240 | $66.17 | 850,356 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-12-11 | 5,240 | $300.01 | 845,116 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2023-12-12 | 300,000 | $66.17 | 1,145,116 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-12-12 | 6,830 | $300.44 | 1,138,286 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-12-12 | 7,600 | $301.47 | 1,130,686 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-12-12 | 10,564 | $302.55 | 1,120,122 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-12-12 | 12,190 | $303.57 | 1,107,932 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-12-12 | 8,910 | $304.59 | 1,099,022 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-12-12 | 91,979 | $305.70 | 1,007,043 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-12-12 | 104,498 | $306.40 | 902,545 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-12-12 | 57,429 | $307.32 | 845,116 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (right to buy) | Disposition | 2023-12-11 | 5,240 | $0.00 | 5,240 | $66.17 |
| Common Stock | Stock Option (right to buy) | Disposition | 2023-12-12 | 300,000 | $0.00 | 300,000 | $66.17 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,744,760 | 2025-12-07 | No | 4 | M | Direct | |
| 2,444,760 | 2025-12-07 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 16,005 | Indirect | See footnote |
Footnotes
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person that became effectiveJune 8, 2023. On December 13, 2023, the Reporting Person terminated such Rule 10b5-1 trading plan.
- This sale price represents the weighted average sale price of the shares sold ranging from $300.00 to $300.07 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.
- This sale price represents the weighted average sale price of the shares sold ranging from $300.01 to $301.00 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.
- This sale price represents the weighted average sale price of the shares sold ranging from $301.015 to $302.01 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.
- This sale price represents the weighted average sale price of the shares sold ranging from $302.015 to $303.01 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.
- This sale price represents the weighted average sale price of the shares sold ranging from $303.02 to $304.01 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.
- This sale price represents the weighted average sale price of the shares sold ranging from $304.02 to $305.015 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.
- This sale price represents the weighted average sale price of the shares sold ranging from $305.04 to $306.035 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.
- This sale price represents the weighted average sale price of the shares sold ranging from $306.04 to 307.035 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.
- This sale price represents the weighted average sale price of the shares sold ranging from $307.04 to $307.805 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.
- Shares are held by Bacchey Investments L.P., of which Bacchey Management LLC (the "LLC") is the General Partner. The Reporting Person isthe manager of the LLC. The sole member of the LLC is the Aurora Trust, for which the Reporting Person serves as a trustee.
- The shares subject to the option are fully vested and exercisable.
Billionaire Hedge Funds
