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Palo Alto Networks | 144/A: Others

SEC announcement ·  Apr 5 17:59
Summary by Moomoo AI
Palo Alto Networks, Inc. officer Lee Klarich is set to sell 60,000 shares of Class A Common stock on April 5, 2024, with an aggregate market value of $16,140,600. The shares were originally acquired on October 20, 2018, as compensation through stock options from the issuer. The transaction will be executed as a cashless exercise/same-day sale, which is a part of a compensation agreement. This planned sale follows a series of transactions over the past three months, where a total of 231,667 shares were sold by the company's officers, amounting to gross proceeds of approximately $71,194,245.82. The notice for the upcoming sale was filed on the same day as the planned sale, with the plan for this transaction having been adopted on November 22, 2023.
Palo Alto Networks, Inc. officer Lee Klarich is set to sell 60,000 shares of Class A Common stock on April 5, 2024, with an aggregate market value of $16,140,600. The shares were originally acquired on October 20, 2018, as compensation through stock options from the issuer. The transaction will be executed as a cashless exercise/same-day sale, which is a part of a compensation agreement. This planned sale follows a series of transactions over the past three months, where a total of 231,667 shares were sold by the company's officers, amounting to gross proceeds of approximately $71,194,245.82. The notice for the upcoming sale was filed on the same day as the planned sale, with the plan for this transaction having been adopted on November 22, 2023.
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