PALO ALTO NETWORKS INC

Ticker: PANW CUSIP: 697435105 Class: COM

Welch Group, LLC's Holding History (CIK: 0001443095)

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

Q4 2025

Shares 41,149 Value ($000) $7,580 Avg Close $201.75 Range $180.05 - $223.61

Q3 2025

Shares 38,906 Value ($000) $7,922 Avg Close $191.42 Range $165.21 - $210.39

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	41,149	$7,580	$201.75	$180.05 - $223.61
Q3 2025	38,906	$7,922	$191.42	$165.21 - $210.39