Arora Nikesh

Date	Company	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
6 Jan 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	182.801	178	32.54 k	1,086,404
6 Jan 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	182.119	11,512	2.10 mm	1,086,582
6 Jan 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	181.055	64,607	11.70 mm	1,098,094
6 Jan 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	180.384	38,819	7.00 mm	1,162,701
6 Jan 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	179.4	14,608	2.62 mm	1,201,520
6 Jan 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	178.335	32,180	5.74 mm	1,216,128
6 Jan 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	177.32	14,338	2.54 mm	1,248,308
6 Jan 25	PANW Palo Alto Networks	Common Stock	Option exercise	Acquire M	No	No	33.0834	176,242	5.83 mm	1,262,646
6 Jan 25	PANW Palo Alto Networks	Stock Option Common Stock	Option exercise	Dispose M	No	No	33.0834	176,242	5.83 mm	3,211,596
3 Jan 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	184.479	8,806	1.62 mm	1,086,404

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.