Form 4: Palo Alto Networks EVP Gifts 50,000 Shares

Lee Klarich, EVP and Chief Product & Technology Officer at Palo Alto Networks, reported gifting 50,000 shares of common stock.

Summary

• Lee Klarich, Executive Vice President and Chief Product & Technology Officer at Palo Alto Networks Inc. (PANW), reported a transaction involving company common stock.
• The transaction, dated September 18, 2025, involved the disposition of 50,000 shares of common stock as a gift (transaction code 'G').
• The price per share for this disposition was $0, consistent with a gift.
• Following this transaction, Lee Klarich directly beneficially owns 177,954 shares of common stock.
• Additionally, 690,000 shares are indirectly beneficially owned through the Klarich 2005 Trust, for which Lee Klarich and his spouse serve as trustees.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sentiment is neutral as this Form 4 reports a gift transaction, which is a personal financial planning event by an executive and does not reflect on the operational or financial performance of the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction filing (Form 4) detailing a personal financial planning event by an executive. It does not provide information directly related to broader industry trends or competitive positioning.

Related Party Transactions

• 690,000 shares of common stock are indirectly beneficially owned through the Klarich 2005 Trust, for which the Reporting Person and his spouse serve as trustees.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a personal gift transaction by an executive and not a sale for value that would indicate a change in confidence.
• Employees: No direct impact indicated by this filing.

Key Dates

Keywords

Palo Alto Networks, PANW, Lee Klarich, Insider Transaction, Form 4, Stock Gift, Executive Ownership, Rule 10b5-1(c)