Palo Alto Networks EVP Lee Klarich Reports Gift of 60,000 Shares
Palo Alto Networks Inc
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Filing Summary
📢 Form 4 Filed: Palo Alto Networks Inc ($PANW) Insider: Klarich Lee (EVP Chief Product & Tech Ofcr, Director) Transaction Date: 2026-10-08 Type: Gift (Code G) Shares Transacted: 60,000 Price: $0.00 Value: $0.00 Ownership After: 555,070 indirect shares (plus 235,983 direct) Significance: Low
Comprehensive Analysis
Executive Summary
On October 9, 2026, Palo Alto Networks Inc ($PANW) reported a Form 4 transaction for Lee Klarich, who serves as both a Director and EVP Chief Product & Tech Officer. On October 8, 2026, Klarich disposed of 60,000 shares of Common Stock as a bona fide gift (Transaction Code G) with a reported price of $0.00.
Transaction Details
- Security: Common Stock
- Transaction Type: Gift (Code G - Disposition)
- Shares Gifted: 60,000
- Price per Share: $0.00
- Total Transaction Value: $0.00
- Ownership Nature: Indirect (Lee and Susan Klarich 2005 Trust)
- Remaining Holdings: 555,070 shares held indirectly via trust, and 235,983 shares held directly.
Market & Trading Significance
This transaction is categorized as Low significance. Code 'G' transactions represent charitable gifts or transfers for estate planning purposes and do not involve open-market sales or purchases. Therefore, this transfer does not reflect an executive's directional view on company performance or valuation.
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Important Disclaimer
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