secwatch.observer — SEC 8-K summary
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Issuer:     Palo Alto Networks Inc (PANW)
CIK:        0001327567
Form:       8-K
Filed at:   2026-04-13T23:59:59+00:00
Accession:  0001193125-26-151637
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palo Alto Networks extends Santa Clara HQ leases through 2040 with $68.2M tenant improvement allowance
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- Extended leases for Buildings E, G, F+H: ~940k sq ft for 12 years starting Aug 1, 2028.
- Monthly base rent $3.825/sq ft after 12-month abatement; 2% annual escalations.
- Tenant improvement allowance up to $72.50/sq ft (~$68.2M total) for required improvements.
- Lease term can be extended two additional six-year periods through 2052.
- Building E rent schedule shows $13.1M annually in year 2, rising to $16.2M by year 12.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327567/000119312526151637/0001193125-26-151637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327567/000119312526151637/d49517d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-151637

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer