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

SEC announcement ·  Apr 6 05:14
Summary by Futu AI
Lee Klarich, an officer at Palo Alto Networks, Inc., is set to sell 60,000 shares of Class A Common stock on 04/05/2024, as per the latest SEC filings. These shares, valued at approximately $16,140,600, were originally acquired as compensation through stock options on 10/20/2018. The transaction is part of a cashless exercise/same-day sale arrangement. This planned sale follows a series of transactions over the past three months, where a total of 176,667 shares were sold by Klarich, generating gross proceeds of over $52.9 million.
Lee Klarich, an officer at Palo Alto Networks, Inc., is set to sell 60,000 shares of Class A Common stock on 04/05/2024, as per the latest SEC filings. These shares, valued at approximately $16,140,600, were originally acquired as compensation through stock options on 10/20/2018. The transaction is part of a cashless exercise/same-day sale arrangement. This planned sale follows a series of transactions over the past three months, where a total of 176,667 shares were sold by Klarich, generating gross proceeds of over $52.9 million.
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