Arora Nikesh

Date	Company	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
4 Feb 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	184.233	6,821	1.26 mm	1,086,404
4 Feb 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	183.339	30,930	5.67 mm	1,093,225
4 Feb 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	182.347	192,710	35.14 mm	1,124,155
4 Feb 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	181.625	67,212	12.21 mm	1,316,865
4 Feb 25	PANW Palo Alto Networks	Common Stock	Option exercise	Acquire M	No	No	33.0834	297,673	9.85 mm	1,384,077
4 Feb 25	PANW Palo Alto Networks	Stock Option Common Stock	Option exercise	Dispose M	No	No	33.0834	297,673	9.85 mm	2,423,200
3 Feb 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	184.154	788	145.11 k	1,086,404
3 Feb 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	183.506	123,217	22.61 mm	1,087,192
3 Feb 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	182.55	216,118	39.45 mm	1,210,409
3 Feb 25	PANW Palo Alto Networks	Common Stock	Sell	Dispose S	No	Yes	181.701	106,747	19.40 mm	1,426,527

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