Palo Alto Networks EVP Lee Klarich Acquires PSUs and Withholds Shares for Taxes

Transaction Summary

On November 1, 2026, Lee Klarich, Director and EVP Chief Product & Technology Officer of Palo Alto Networks Inc ($PANW), completed the following transactions reported on Form 4:

1. Performance Stock Units (PSUs) Vesting (Code A):

   • Shares Acquired: 198,152 Common Stock shares at $0.00.
   • Context: The Compensation and People Committee certified achievement of performance conditions for PSUs originally granted on August 21, 2023.

2. Tax Withholding (Code F):

   • Shares Disposed: 98,245 Common Stock shares withheld by the issuer to cover statutory tax obligations resulting from the PSU settlement.
   • Price per Share: $365.87
   • Withheld Transaction Value: approximately $35,944,908.15.

Holdings Summary

Following these transactions, Lee Klarich holds:

• Direct Ownership: 335,890 shares of Common Stock.
• Indirect Ownership: 555,070 shares held via the Lee and Susan Klarich 2005 Trust.

Market & Trading Significance

This transaction reflects routine executive equity compensation vesting and mandatory tax withholding rather than discretionary open-market buying or selling. As such, it carries low trading significance.