8-KSecurities & ListingRegulation FDExhibits & Filings

Palo Alto Networks Inc 8-K Report, Listing Notice (Oct 12, 2021)

Filed October 12, 2021For Securities:PANW

Summary

Palo Alto Networks, Inc. (PANW) has announced its intention to voluntarily delist its common stock from the New York Stock Exchange (NYSE) and transfer its listing to The Nasdaq Stock Market LLC (Nasdaq). This move is expected to be completed around October 22, 2021, with trading commencing on Nasdaq on or about October 25, 2021. The company's common stock will continue to trade under its existing ticker symbol, 'PANW', on Nasdaq. This strategic decision by Palo Alto Networks' Board of Directors suggests a potential alignment with a market that may be perceived as more suitable for technology-focused companies. Investors should note that the core business operations and financial reporting of the company remain unchanged by this listing transfer. The company has provided a press release to elaborate on this transition, which is attached as an exhibit to this filing.

Key Highlights

  • 1Voluntary delisting from the NYSE to transfer listing to Nasdaq.
  • 2Expected completion of delisting from NYSE around October 22, 2021.
  • 3Expected commencement of trading on Nasdaq around October 25, 2021.
  • 4The common stock will continue to trade under the ticker symbol 'PANW'.
  • 5The transfer is authorized by the Company's Board of Directors.
  • 6A press release concerning the transfer is attached as Exhibit 99.1.

Frequently Asked Questions

The filing states that the transfer is voluntary and authorized by the Board of Directors. While the exact reasons are not detailed in this 8-K, companies often transfer listings to Nasdaq to align with technology-focused exchanges or for strategic reasons related to market perception and investor base.

No, the filing explicitly states that the common stock will continue to trade on Nasdaq under its current ticker symbol, 'PANW'.

Palo Alto Networks expects to end trading on the NYSE around market close on October 22, 2021. Trading on Nasdaq is expected to begin at market open on or about October 25, 2021.

No, the filing indicates this is a change in listing venue. The company's business operations, financial health, and reporting structure are not directly impacted by the exchange on which its stock is listed.