Klarich Lee's Form 4 filing
Palo Alto Networks Inc (PANW) · filed Dec 4, 2025
- Accession no.
- 0001193125-25-308140
- Filed
- Dec 4, 2025
- Trade date
- Dec 3, 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 $23.2M. 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 |
|---|---|
| Klarich LeeCIK 0001682260 | Director, Officer (EVP Chief Product & Tech Ofcr) |
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 |
|---|---|---|---|---|---|---|---|---|
| Dec 3, 2025 | Common Stock | MOption exerciseAcquired | +92,010 | $32.25 | +$2,967,322.5 | 448,419 | Direct | |
| Dec 3, 2025 | Common Stock | SSaleDisposed | −2,137 | $187.38F2 | −$400,431.06 | 446,282 | Direct | |
| Dec 3, 2025 | Common Stock | SSaleDisposed | −7,592 | $188.85F3 | −$1,433,749.2 | 438,690 | Direct | |
| Dec 3, 2025 | Common Stock | SSaleDisposed | −8,598 | $189.57F4 | −$1,629,922.86 | 430,092 | Direct | |
| Dec 3, 2025 | Common Stock | SSaleDisposed | −19,670 | $190.71F5 | −$3,751,265.7 | 410,422 | Direct | |
| Dec 3, 2025 | Common Stock | SSaleDisposed | −6,901 | $191.50F6 | −$1,321,541.5 | 403,521 | Direct | |
| Dec 3, 2025 | Common Stock | SSaleDisposed | −53,755 | $192.74F7 | −$10,360,738.7 | 349,766 | Direct | |
| Dec 3, 2025 | Common Stock | SSaleDisposed | −22,121 | $193.46F8 | −$4,279,528.66 | 327,645 | 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 |
|---|---|---|---|---|---|---|---|---|
| Dec 3, 2025 | Common Stock | MOption exerciseDisposed | −92,010 | $0.00 | $0 | 92,010 | 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 $187.06 to $187.95 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.
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 $188.145 to $189.14 per share. Upon request by the Commission staff, the Issuer, or a security holder of the 1Issuer, 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 $189.15 to $190.13 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.
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 $190.16 to $191.155 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 $191.16 to $192.155 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 $192.16 to $193.155 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 $193.16 to $193.96 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.