AG˹ٷ

STOCK TITAN

[Form 4] Palo Alto Networks, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Form 4 shows KLA Corp. (KLAC) EVP & CFO Bren D. Higgins settling tax withholdings triggered by scheduled RSU vesting, not an open-market trade. Two Code “F� transactions were reported:

  • 08/03/25: 722.381 shares withheld at $886.64 after 25 % of a 5,828-unit 2023 RSU grant vested.
  • 08/04/25: 738.743 shares withheld at the same price following 25 % vesting of a 5,961-unit 2022 RSU grant.

Post-withholding, Higgins directly owns 23,182.006 KLAC shares, including 13,213.912 unvested RSUs. Because Code “F� indicates share retention for taxes, the filing is routine and signals no directional change in insider sentiment or corporate outlook.

Il modulo 4 mostra che Bren D. Higgins, EVP e CFO di KLA Corp. (KLAC), ha saldato le ritenute fiscali derivanti dalla maturazione programmata di RSU, non da un'operazione sul mercato aperto. Sono state riportate due transazioni con Codice “F�:

  • 03/08/25: 722,381 azioni trattenute a $886,64 dopo il vesting del 25% di un grant RSU 2023 di 5.828 unità.
  • 04/08/25: 738,743 azioni trattenute allo stesso prezzo a seguito del vesting del 25% di un grant RSU 2022 di 5.961 unità.

Dopo la ritenuta, Higgins possiede direttamente 23.182,006 azioni KLAC, di cui 13.213,912 RSU non ancora maturate. Poiché il Codice “F� indica la trattenuta di azioni per il pagamento delle tasse, questa comunicazione è di routine e non segnala alcun cambiamento nella direzione del sentimento interno o nelle prospettive aziendali.

El Formulario 4 muestra que Bren D. Higgins, EVP y CFO de KLA Corp. (KLAC), liquidó las retenciones fiscales generadas por la consolidación programada de RSU, no por una operación en el mercado abierto. Se reportaron dos transacciones con Código “F�:

  • 03/08/25: 722,381 acciones retenidas a $886.64 tras el vesting del 25 % de una concesión RSU 2023 de 5,828 unidades.
  • 04/08/25: 738,743 acciones retenidas al mismo precio tras el vesting del 25 % de una concesión RSU 2022 de 5,961 unidades.

Después de las retenciones, Higgins posee directamente 23,182.006 acciones de KLAC, incluyendo 13,213.912 RSU no consolidadas. Como el Código “F� indica retención de acciones para impuestos, la presentación es rutinaria y no señala ningún cambio en la dirección del sentimiento interno ni en las perspectivas corporativas.

Form 4� KLA Corp.(KLAC)� EVP � CFO� Bren D. Higgins� 예정� RSU 베스팅으� 인해 발생� 세금 원천징수� 정산했음� 보여주며, 이는 공개 시장 거래가 아닙니다. � 건의 코드 “F� 거래가 보고되었습니�:

  • 2025� 8� 3�: 2023� RSU 5,828단위 � 25% 베스� � $886.64 가격으� 722.381� 원천징수�.
  • 2025� 8� 4�: 2022� RSU 5,961단위 � 25% 베스� � 동일 가격으� 738.743� 원천징수�.

원천징수 � Higgins� 23,182.006 KLAC 주식� 직접 보유하고 있으�, � � 13,213.912주는 아직 베스팅되지 않은 RSU입니�. 코드 “F”는 세금 납부� 위한 주식 보유� 의미하므�, � 신고� 일상적인 절차이며 내부자의 심리 변화나 회사 전망� 방향� 변화를 나타내지 않습니다.

Le formulaire 4 montre que Bren D. Higgins, EVP et CFO de KLA Corp. (KLAC), a réglé les retenues fiscales déclenchées par la levée programmée des RSU, et non par une transaction sur le marché ouvert. Deux transactions avec le code « F » ont été signalées :

  • 03/08/25 : 722,381 actions retenues à 886,64 $ après la levée de 25 % d’une attribution RSU 2023 de 5 828 unités.
  • 04/08/25 : 738,743 actions retenues au même prix suite à la levée de 25 % d’une attribution RSU 2022 de 5 961 unités.

Après retenue, Higgins détient directement 23 182,006 actions KLAC, dont 13 213,912 RSU non acquises. Comme le code « F » indique une conservation des actions pour les impôts, le dépôt est de routine et ne signale aucun changement de tendance dans le sentiment des initiés ni dans les perspectives de l’entreprise.

Formular 4 zeigt, dass Bren D. Higgins, EVP und CFO von KLA Corp. (KLAC), Steuerabzüge beglichen hat, die durch planmäßiges RSU-Vesting ausgelöst wurden, nicht durch einen Handel am offenen Markt. Zwei Transaktionen mit Code „F� wurden gemeldet:

  • 03.08.25: 722,381 Aktien wurden zu $886,64 einbehalten, nachdem 25 % eines RSU-Zuwendungsplans 2023 mit 5.828 Einheiten vesteten.
  • 04.08.25: 738,743 Aktien wurden zum gleichen Preis einbehalten, nachdem 25 % eines RSU-Zuwendungsplans 2022 mit 5.961 Einheiten vesteten.

Nach der Einbehaltung besitzt Higgins direkt 23.182,006 KLAC-Aktien, darunter 13.213,912 unverfallene RSUs. Da Code „F� auf die Zurückbehaltung von Aktien zur Steuerzahlung hinweist, ist die Meldung routinemäßig und signalisiert keine Richtungsänderung im Insider-Sentiment oder in der Unternehmensperspektive.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine tax-withholding; no bullish or bearish signal.

These Code “F� dispositions reflect automatic share surrender to cover taxes on vested RSUs. Higgins retains a sizable holding (� 23 k shares), so equity exposure remains intact. No open-market selling or buying occurred, limiting market relevance. Neutral for valuation or sentiment models.

TL;DR: Standard Section 16 compliance; administrative.

The filing complies with Section 16(a) and Rule 10b5-1(c) disclosure standards. Transactions are plan-based, avoiding potential optics of opportunistic trading. No governance red flags emerge.

Il modulo 4 mostra che Bren D. Higgins, EVP e CFO di KLA Corp. (KLAC), ha saldato le ritenute fiscali derivanti dalla maturazione programmata di RSU, non da un'operazione sul mercato aperto. Sono state riportate due transazioni con Codice “F�:

  • 03/08/25: 722,381 azioni trattenute a $886,64 dopo il vesting del 25% di un grant RSU 2023 di 5.828 unità.
  • 04/08/25: 738,743 azioni trattenute allo stesso prezzo a seguito del vesting del 25% di un grant RSU 2022 di 5.961 unità.

Dopo la ritenuta, Higgins possiede direttamente 23.182,006 azioni KLAC, di cui 13.213,912 RSU non ancora maturate. Poiché il Codice “F� indica la trattenuta di azioni per il pagamento delle tasse, questa comunicazione è di routine e non segnala alcun cambiamento nella direzione del sentimento interno o nelle prospettive aziendali.

El Formulario 4 muestra que Bren D. Higgins, EVP y CFO de KLA Corp. (KLAC), liquidó las retenciones fiscales generadas por la consolidación programada de RSU, no por una operación en el mercado abierto. Se reportaron dos transacciones con Código “F�:

  • 03/08/25: 722,381 acciones retenidas a $886.64 tras el vesting del 25 % de una concesión RSU 2023 de 5,828 unidades.
  • 04/08/25: 738,743 acciones retenidas al mismo precio tras el vesting del 25 % de una concesión RSU 2022 de 5,961 unidades.

Después de las retenciones, Higgins posee directamente 23,182.006 acciones de KLAC, incluyendo 13,213.912 RSU no consolidadas. Como el Código “F� indica retención de acciones para impuestos, la presentación es rutinaria y no señala ningún cambio en la dirección del sentimiento interno ni en las perspectivas corporativas.

Form 4� KLA Corp.(KLAC)� EVP � CFO� Bren D. Higgins� 예정� RSU 베스팅으� 인해 발생� 세금 원천징수� 정산했음� 보여주며, 이는 공개 시장 거래가 아닙니다. � 건의 코드 “F� 거래가 보고되었습니�:

  • 2025� 8� 3�: 2023� RSU 5,828단위 � 25% 베스� � $886.64 가격으� 722.381� 원천징수�.
  • 2025� 8� 4�: 2022� RSU 5,961단위 � 25% 베스� � 동일 가격으� 738.743� 원천징수�.

원천징수 � Higgins� 23,182.006 KLAC 주식� 직접 보유하고 있으�, � � 13,213.912주는 아직 베스팅되지 않은 RSU입니�. 코드 “F”는 세금 납부� 위한 주식 보유� 의미하므�, � 신고� 일상적인 절차이며 내부자의 심리 변화나 회사 전망� 방향� 변화를 나타내지 않습니다.

Le formulaire 4 montre que Bren D. Higgins, EVP et CFO de KLA Corp. (KLAC), a réglé les retenues fiscales déclenchées par la levée programmée des RSU, et non par une transaction sur le marché ouvert. Deux transactions avec le code « F » ont été signalées :

  • 03/08/25 : 722,381 actions retenues à 886,64 $ après la levée de 25 % d’une attribution RSU 2023 de 5 828 unités.
  • 04/08/25 : 738,743 actions retenues au même prix suite à la levée de 25 % d’une attribution RSU 2022 de 5 961 unités.

Après retenue, Higgins détient directement 23 182,006 actions KLAC, dont 13 213,912 RSU non acquises. Comme le code « F » indique une conservation des actions pour les impôts, le dépôt est de routine et ne signale aucun changement de tendance dans le sentiment des initiés ni dans les perspectives de l’entreprise.

Formular 4 zeigt, dass Bren D. Higgins, EVP und CFO von KLA Corp. (KLAC), Steuerabzüge beglichen hat, die durch planmäßiges RSU-Vesting ausgelöst wurden, nicht durch einen Handel am offenen Markt. Zwei Transaktionen mit Code „F� wurden gemeldet:

  • 03.08.25: 722,381 Aktien wurden zu $886,64 einbehalten, nachdem 25 % eines RSU-Zuwendungsplans 2023 mit 5.828 Einheiten vesteten.
  • 04.08.25: 738,743 Aktien wurden zum gleichen Preis einbehalten, nachdem 25 % eines RSU-Zuwendungsplans 2022 mit 5.961 Einheiten vesteten.

Nach der Einbehaltung besitzt Higgins direkt 23.182,006 KLAC-Aktien, darunter 13.213,912 unverfallene RSUs. Da Code „F� auf die Zurückbehaltung von Aktien zur Steuerzahlung hinweist, ist die Meldung routinemäßig und signalisiert keine Richtungsänderung im Insider-Sentiment oder in der Unternehmensperspektive.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
ZUK NIR

(Last) (First) (Middle)
C/O PALO ALTO NETWORKS INC.
3000 TANNERY WAY

(Street)
SANTA CLARA CA 95054

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Palo Alto Networks Inc [ PANW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/01/2025 S(1) 7,700 D $169.112(2) 3,235,816 D
Common Stock 08/01/2025 S(1) 5,923 D $169.79(3) 3,229,893 D
Common Stock 08/01/2025 S(1) 7,410 D $170.959(4) 3,222,483 D
Common Stock 08/01/2025 S(1) 8,867 D $172.059(5) 3,213,616 D
Common Stock 08/01/2025 S(1) 31,347 D $172.954(6) 3,182,269 D
Common Stock 08/01/2025 S(1) 21,553 D $173.87(7) 3,160,716 D
Common Stock 08/01/2025 S(1) 13,800 D $174.929(8) 3,146,916 D
Common Stock 08/01/2025 S(1) 3,400 D $175.629(9) 3,143,516 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 9, 2025.
2. This sale price represents the weighted average sale price of the shares sold ranging from $168.44 to $169.42 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
3. This sale price represents the weighted average sale price of the shares sold ranging from $169.44 to $169.97 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
4. This sale price represents the weighted average sale price of the shares sold ranging from $170.44 to $171.42 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
5. This sale price represents the weighted average sale price of the shares sold ranging from $171.44 to $172.43 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
6. This sale price represents the weighted average sale price of the shares sold ranging from $172.44 to $173.43 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
7. This sale price represents the weighted average sale price of the shares sold ranging from $173.44 to $174.41 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
8. This sale price represents the weighted average sale price of the shares sold ranging from $174.44 to $175.42 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
9. This sale price represents the weighted average sale price of the shares sold ranging from $175.44 to $175.89 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
/s/ Elizabeth Villalobos, Attorney-in-Fact for Nir Zuk 08/05/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many KLA (KLAC) shares did CFO Bren Higgins dispose of?

A total of 1,461.124 shares were withheld for taxes across two vesting events.

What price was used for the tax-withholding transactions?

Both withholdings were calculated at the $886.64 closing price on 08/01/25.

How many KLAC shares does the CFO now own?

Higgins now directly owns 23,182.006 shares, including unvested RSUs.

What does transaction code “F� mean on Form 4 filings?

Code “F� indicates shares were withheld by the issuer solely to pay taxes due on equity-award vesting.

Is this insider activity considered a sell signal for KLAC stock?

No; the shares were surrendered for tax purposes and do not reflect discretionary selling.
Palo Alto

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Software - Infrastructure
Computer Peripheral Equipment, Nec
United States
SANTA CLARA