---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-045600"
form_type: "8-K"
ticker: "PANW"
cik: "0001327567"
company_name: "Palo Alto Networks Inc"
filed_at: "2026-02-11T23:59:59+00:00"
generated_at: "2026-05-16T03:14:44.246433+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Palo Alto Networks completes $45 cash + 2.2005 shares per CyberArk share acquisition; plans TASE listing

## Summary
- CyberArk shareholders receive $45 cash + 2.2005 PANW shares per ordinary share.
- Palo Alto Networks announces intent to dual-list on Tel Aviv Stock Exchange under 'CYBR' ticker.
- Acquisition adds identity security for human, machine, and AI identities to PANW platform.
- PANW will host Q2 FY2026 earnings call on Feb 17, 2026 at 1:30 pm PT.
- Convertible notes of CyberArk adjusted to be exchangeable into PANW shares and cash.

## SEC filing metadata
- accession: 0001193125-26-045600
- form_type: 8-K
- ticker: PANW
- cik: 0001327567
- company_name: Palo Alto Networks Inc
- filed_at: 2026-02-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327567/000119312526045600/0001193125-26-045600-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327567/000119312526045600/d40626d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-045600
- JSON: https://secwatch.observer/filing/0001193125-26-045600.json
- Plain text: https://secwatch.observer/filing/0001193125-26-045600.txt

## Source-grounded claims
- claim_id: d3c0fd31dbfd5debb19f9eed3c2e7c870653a00e
  claim: Palo Alto Networks Inc amended convertible notes with U.S. Bank Trust Company, National Association at 0.00% maturing due 2030.
  evidence_excerpt: ompany organized under the laws of the State of Israel (“CyberArk”), entered into that certain First Supplemental Indenture (the “Supplemental Indenture”) to that certain Indenture, dated as of June 10, 2025 (the “Indenture”), between CyberArk, as issuer, and U.S. Bank Trust Company, National Association, as trustee, relating to CyberArk’s 0.00% Convertible Senior Notes due 2030 (the “Convertible Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327567/000119312526045600/0001193125-26-045600-index.htm
- claim_id: f5061c96c06203d24724490d4e3aee0c7c6eabf3
  claim: Palo Alto Networks Inc amended First Supplemental Indenture with U.S. Bank Trust Company, National Association (effective 2026-02-11).
  evidence_excerpt: on February 11, 2026 (the “Closing Date”), Palo Alto Networks, Inc., a Delaware corporation (“PANW”), and CyberArk Software Ltd., a company organized under the laws of the State of Israel (“CyberArk”), entered into that certain First Supplemental Indenture (the “Supplemental Indenture”) to that certain Indenture, dated as of June 10, 2025 (the “Indenture”), between CyberArk, as issuer, and U.S. Bank Trust Company, National Association, as trustee, relating to CyberArk’s 0.00% Convertible Senior Notes due 2030 (the “Convertible Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327567/000119312526045600/0001193125-26-045600-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.