Palo Alto Networks subsidiary changes convertible note settlement to cash-plus-stock method

Filed March 23, 2026 · Period ending March 23, 2026 · ~1 min read

Key Changes

• medium

  CyberArk (PANW subsidiary) will now settle convertible note conversions using Combination Settlement: $1,000 cash per note plus any excess value in shares, effective March 23, 2026. This affects the 0.00% Convertible Senior Notes due 2030.

  Item 8.01 verify on EDGAR →
• medium

  The new settlement method reduces potential share dilution compared to all-stock conversion, but increases cash outflow when noteholders convert. Change applies to all conversions going forward until modified.

  Item 8.01 verify on EDGAR →