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Palo Alto Networks | 144: Notice of proposed sale of securities pursuant to Rule 144

SEC announcement ·  Mar 12 06:08
Summary by Futu AI
Palo Alto Networks, Inc. officer Lee Klarich is set to sell 60,000 shares of Class A Common stock on 03/11/2024, as per the latest SEC filing. The shares, valued at approximately $16,999,800, were originally acquired as compensation through stock options on 10/20/2018. The transaction is structured as a cashless exercise/same-day sale, with the securities being acquired directly from the issuer. This upcoming sale follows a series of transactions over the past three months, where Klarich sold a total of 216,667 shares, generating gross proceeds of $67,031,318.64.
Palo Alto Networks, Inc. officer Lee Klarich is set to sell 60,000 shares of Class A Common stock on 03/11/2024, as per the latest SEC filing. The shares, valued at approximately $16,999,800, were originally acquired as compensation through stock options on 10/20/2018. The transaction is structured as a cashless exercise/same-day sale, with the securities being acquired directly from the issuer. This upcoming sale follows a series of transactions over the past three months, where Klarich sold a total of 216,667 shares, generating gross proceeds of $67,031,318.64.
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