Form 4: Palo Alto Networks EVP, Chief Technology Officer Nir Zuk Sells Shares Under 10b5-1 Trading Plan

Nir Zuk, EVP and Chief Technology Officer of Palo Alto Networks, executed multiple sales of common stock on April 11, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Nir Zuk, the EVP and Chief Technology Officer of Palo Alto Networks, sold shares of common stock on April 11, 2025.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on January 9, 2025.
• Multiple transactions occurred at varying prices, ranging from $161.45 to $168.663 per share.
• Zuk sold both directly held shares and shares held indirectly through the Cliff Family Trusts.
• The total number of directly held shares decreased from 3,640,453 to 3,543,516 as a result of the sales.
• The number of indirectly held shares decreased from 532,984 to 0 as a result of the sales.
• Following the transactions, Zuk continues to hold a significant number of shares both directly and indirectly.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales by an executive, which is neither particularly positive nor negative.

Industry Context

Executive stock sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without raising concerns about insider trading, as the plan is pre-arranged.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the overall trading volume of PANW.

Key Dates

Keywords

Palo Alto Networks, PANW, Nir Zuk, stock sale, Form 4, 10b5-1 trading plan, executive, CTO, securities, insider trading