PALO ALTO NETWORKS INC

Ticker: PANW CUSIP: 697435105 Class: COM

Valmark Advisers, Inc.'s Holding History (CIK: 0001380443)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 2,347 Value ($000) $432 Avg Close $201.75 Range $180.05 - $223.61

Q3 2025

Shares 1,327 Value ($000) $270 Avg Close $191.42 Range $165.21 - $210.39

Q4 2024

Shares 1,117 Value ($000) $203 Avg Close $188.91 Range $164.13 - $207.24

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,347	$432	$201.75	$180.05 - $223.61
Q3 2025	1,327	$270	$191.42	$165.21 - $210.39
Q4 2024	1,117	$203	$188.91	$164.13 - $207.24