share_log

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

SEC ·  Jun 5 05:25
Summary by Futu AI
Palo Alto Networks, Inc. officer Lee Klarich is set to sell 60,000 shares of Class A Common stock on 06/04/2024, as announced by the company. The shares, valued at an aggregate market value of $17,405,400, 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 246,667 shares were sold by company insiders, generating gross proceeds of $71,111,488.54. The notice of the upcoming sale was filed on the same day as the planned sale, with the instruction for this transaction having been adopted on 11/22/2023.
Palo Alto Networks, Inc. officer Lee Klarich is set to sell 60,000 shares of Class A Common stock on 06/04/2024, as announced by the company. The shares, valued at an aggregate market value of $17,405,400, 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 246,667 shares were sold by company insiders, generating gross proceeds of $71,111,488.54. The notice of the upcoming sale was filed on the same day as the planned sale, with the instruction for this transaction having been adopted on 11/22/2023.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.