What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to report the company's filing of a prospectus supplement with the SEC. This supplement details the terms under which certain stockholders can resell up to 1,060,296 shares of Palo Alto Networks' common stock.

Does this filing mean Palo Alto Networks is issuing new shares?

No, this filing does not indicate the issuance of new shares by Palo Alto Networks. It pertains to the resale of existing shares by specific stockholders who are registered under a previous shelf registration statement.

Who can resell these shares?

The prospectus supplement relates to the resale of shares by the 'stockholders referenced therein,' indicating a specific group of existing shareholders who are permitted to sell their shares into the public market under the terms of the supplement.

What is the significance of the opinion from Sidley Austin LLP?

The opinion from Sidley Austin LLP, the company's legal counsel, confirms the legality of the common stock being registered for resale. This is a standard procedural requirement for such filings.

PANW 8-K SEC Disclosure

Summary

Palo Alto Networks, Inc. (PANW) filed an 8-K report on April 1, 2019, to announce the filing of a prospectus supplement with the SEC. This supplement pertains to the potential resale of up to 1,060,296 shares of the Company's common stock by certain stockholders. The filing is in conjunction with an existing automatic shelf registration statement. This action primarily concerns the legal framework for future share resales by these specific stockholders and does not represent new equity issuance by the company itself.

Key Highlights

1Filing of a Prospectus Supplement related to the resale of common stock.
2Up to 1,060,296 shares of common stock are eligible for resale by specified stockholders.
3The supplement is to an existing automatic shelf registration statement filed on Form S-3.
4The filing is associated with an opinion from legal counsel, Sidley Austin LLP, regarding the legality of the registered common stock.
5This filing does not involve a new issuance of stock by Palo Alto Networks.
6The event date is March 31, 2019, with the filing date of April 1, 2019.

Palo Alto Networks Inc 8-K Report, Corporate Update (Apr 1, 2019)

Summary

Key Highlights

Frequently Asked Questions