CyberArk Sets Combination Settlement for 0.00% Convertible Notes due 2030

Palo Alto Networks Inc

On March 23, 2026, CyberArk notified holders of its 0.00% Convertible Senior Notes due 2030 of a change in the Default Settlement Method.
The new settlement method is Combination Settlement with a Specified Dollar Amount of $1,000 per $1,000 principal amount for conversions on or after March 23, 2026.
The conversion settlement change will apply until the Company modifies the Settlement Method in accordance with the Indenture.
Palo Alto Networks is a party to the Supplemental Indenture as a guarantor of the notes.

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