Arora Nikesh's Form 4 filing
Palo Alto Networks Inc (PANW) · filed Sep 24, 2025
- Accession no.
- 0001193125-25-215479
- Filed
- Sep 24, 2025
- Trade date
- Sep 23, 2025
- Filing delay
- 1 day
- Rule 10b5-1 plan
- Checked
This filing lists 8 non-derivative transactions and 1 derivative transaction. Open-market sales total $172.7M. It was filed 1 day after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Arora NikeshCIK 0001468233 | Director, Officer (Chief Executive Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 23, 2025 | Common Stock | MOption exerciseAcquired | +846,408 | $33.08 | +$27,999,176.64 | 1,121,421 | Direct | |
| Sep 23, 2025 | Common Stock | SSaleDisposed | −382,040 | $203.10F2 | −$77,592,324 | 739,381 | Direct | |
| Sep 23, 2025 | Common Stock | SSaleDisposed | −110,592 | $203.69F3 | −$22,526,484.48 | 628,789 | Direct | |
| Sep 23, 2025 | Common Stock | SSaleDisposed | −251,559 | $204.64F4 | −$51,479,033.76 | 377,230 | Direct | |
| Sep 23, 2025 | Common Stock | SSaleDisposed | −32,463 | $205.63F5 | −$6,675,366.69 | 344,767 | Direct | |
| Sep 23, 2025 | Common Stock | SSaleDisposed | −47,064 | $206.85F6 | −$9,735,188.4 | 297,703 | Direct | |
| Sep 23, 2025 | Common Stock | SSaleDisposed | −18,669 | $207.63F7 | −$3,876,244.47 | 279,034 | Direct | |
| Sep 23, 2025 | Common Stock | SSaleDisposed | −4,021 | $208.35F8 | −$837,775.35 | 275,013 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 23, 2025 | Common Stock | MOption exerciseDisposed | −846,408 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
This sale price represents the weighted average sale price of the shares sold ranging from $202.28 to $203.275 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.
Referenced by the price of 1 transaction in Table I.
- F3
This sale price represents the weighted average sale price of the shares sold ranging from $203.28 to $204.27 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.
Referenced by the price of 1 transaction in Table I.
- F4
This sale price represents the weighted average sale price of the shares sold ranging from $204.28 to $205.27 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.
Referenced by the price of 1 transaction in Table I.
- F5
This sale price represents the weighted average sale price of the shares sold ranging from $205.28 to $206.27 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.
Referenced by the price of 1 transaction in Table I.
- F6
This sale price represents the weighted average sale price of the shares sold ranging from $206.29 to $207.28 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.
Referenced by the price of 1 transaction in Table I.
- F7
This sale price represents the weighted average sale price of the shares sold ranging from $207.29 to $208.27 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.
Referenced by the price of 1 transaction in Table I.
- F8
This sale price represents the weighted average sale price of the shares sold ranging from $208.34 to $208.49 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.
Referenced by the price of 1 transaction in Table I.