Arora Nikesh's Form 4 filing
Palo Alto Networks Inc (PANW) · filed Jun 8, 2023
- Accession no.
- 0001209191-23-035385
- Filed
- Jun 8, 2023
- Trade date
- Jun 6-7, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 11 non-derivative transactions and 2 derivative transactions. Open-market sales total $120.8M. It was filed 2 days 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 |
|---|---|---|---|---|---|---|---|---|
| Jun 6, 2023 | Common Stock | SSaleDisposed | −17,134 | $225.08F1 | −$3,856,520.72 | 1,075,825 | Direct | |
| Jun 6, 2023 | Common Stock | SSaleDisposed | −2,535 | $226.11F2 | −$573,188.85 | 1,073,290 | Direct | |
| Jun 7, 2023 | Common Stock | MOption exerciseAcquired | +474,300 | $66.17 | +$31,384,431 | 1,547,590 | Direct | |
| Jun 7, 2023 | Common Stock | SSaleDisposed | −109,613 | $216.60F3 | −$23,742,175.8 | 1,437,977 | Direct | |
| Jun 7, 2023 | Common Stock | SSaleDisposed | −26,608 | $217.86F4 | −$5,796,818.88 | 1,411,369 | Direct | |
| Jun 7, 2023 | Common Stock | SSaleDisposed | −110,595 | $218.68F5 | −$24,184,914.6 | 1,300,774 | Direct | |
| Jun 7, 2023 | Common Stock | SSaleDisposed | −118,668 | $219.74F6 | −$26,076,106.32 | 1,182,106 | Direct | |
| Jun 7, 2023 | Common Stock | SSaleDisposed | −104,366 | $220.77F7 | −$23,040,881.82 | 1,077,740 | Direct | |
| Jun 7, 2023 | Common Stock | SSaleDisposed | −26,487 | $221.55F8 | −$5,868,194.85 | 1,051,253 | Direct | |
| Jun 7, 2023 | Common Stock | SSaleDisposed | −33,832 | $225.25F9 | −$7,620,658 | 1,017,421 | Direct | |
| Jun 7, 2023 | Common Stock | DReturned to the companyDisposed | −21,279 | $0.00 | $0 | 996,142 | 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.
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.
- F1
This sale price represents the weighted average sale price of the shares sold ranging from $225.00 to $225.10 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.
- F2
This sale price represents the weighted average sale price of the shares sold ranging from $226.00 to $226.30 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 $216.25 to $217.245 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 $217.26 to $218.25 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 $218.26 to $219.25 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 $219.26 to $220.255 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 $220.26 to $221.255 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 $221.26 to $221.97 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.
- F9
This sale price represents the weighted average sale price of the shares sold ranging from $225.00 to $225.84 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.
- F10
In connection with the vesting of previously reported restricted stock units, the Reporting Person elected to defer these shares pursuant to the Palo Alto Networks, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan").
Referenced by the price of 1 transaction in Table II.
- F13
Pursuant to the Deferred Compensation Plan, each share of phantom stock represents the Reporting Person's right to receive one share of common stock of the Issuer. The common stock shares will be released on or about January 31, 2027.
Referenced by the price of 1 transaction in Table II.