Director Helle Thorning-Schmidt Disposes 211 Shares of PANW for Tax Withholding

Executive Summary

On September 1, 2026, Palo Alto Networks Inc. (NASDAQ: PANW) Director Helle Thorning-Schmidt disposed of 211 shares of Common Stock at a price of $382.13 per share to cover tax withholding obligations upon the vesting of Restricted Stock Units (RSUs). Following this transaction, Thorning-Schmidt directly holds 5,687 shares of PANW Common Stock.

Transaction Breakdown

• Security: Common Stock
• Transaction Code: F (Payment of exercise price or tax liability by delivering or withholding securities)
• Shares Transacted: 211 shares
• Price per Share: $382.13
• Total Transaction Value: $80,629.43
• Post-Transaction Holdings: 5,687 shares (Direct ownership)

Market & Strategic Context

This transaction represents an automatic withholding of shares by the issuer to satisfy statutory income tax and remittance obligations tied to RSU vesting. Because this was a non-discretionary, mandatory tax disposition rather than an open-market sale, it does not convey a directional outlook on the company's performance or stock value.