X0508 4 2025-11-01 0001327567 Palo Alto Networks Inc PANW 0001882285 Paul Josh D. C/O PALO ALTO NETWORKS INC. 3000 TANNERY WAY SANTA CLARA CA 95054 false true false false Chief Accounting Officer true Common Stock 2025-11-01 4 A false 31201 0 A 63675 D Common Stock 2025-11-01 4 F false 15470 220.24 D 48205 D Common Stock 2025-11-03 4 S false 700 219.97 D 47505 D The number of shares acquired represents the number of shares that vested, effective on November 1, 2025, under certain performance-based restricted stock units granted to the Reporting Person on August 23, 2022 ("PSUs"). The Issuer's Compensation and People Committee certified the achievement of the performance conditions under the PSUs effective as of November 1, 2025. This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of PSUs. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 1, 2024. /s/ Elizabeth Villalobos, Attorney-in-Fact for Josh D. Paul 2025-11-04