11 unchanged sentences
Recent Sales of Unregistered Equity Securities
−Removed: During the three months ended July 31, 2022, we issued a total of 35,004 shares of our unregistered common stock pursuant to post-closing obligations in connection with our previous acquisitions of The Crypsis Group, Gamma Networks, Inc., and Sinefa Group, Inc.
−Removed: (the “Transactions”).
+Added: During the three months ended July 31, 2023, we issued a total of 3,569 shares of our unregistered common stock in connection with certain of our acquisitions (the “Transactions”).
The Transactions did not involve any underwriters, any underwriting discounts or commissions, or any public offering.
1 unchanged sentence
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: The following table summarizes stock repurchases during the three months ended July 31, 2022 (in millions, except per share amounts):
−Removed: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
−Removed: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
−Removed: May 1, 2022 to May 31, 2022 (1)(2)
−Removed: 0.0 $ 436.37 — $ 450.0
−Removed: June 1, 2022 to June 30, 2022 (1)(2)
−Removed: 0.5 $ 482.86 0.5 $ 196.3
−Removed: July 1, 2022 to July 31, 2022 (1)(2)
−Removed: 0.3 $ 486.05 0.3 $ 85.0
−Removed: Total 0.8 $ 483.50 0.8
−Removed: ______________
−Removed: (1) On February 26, 2019, we announced that our board of directors authorized a $1.0 billion share repurchase program, which is funded from available working capital.
−Removed: In December 2020 and August 2021, we announced additional $700.0 million and $676.1 million increases to this share repurchase program, respectively, bringing the total authorization to $2.4 billion, with $85.0 million remaining as of July 31, 2022.
+Added: In February 2019, we announced that our board of directors authorized a $1.0 billion share repurchase program, which is funded from available working capital.
+Added: In December 2020, August 2021, and August 2022, we announced additional $700.0 million, $676.1 million, and $915.0 million increases to this share repurchase program, respectively, bringing the total authorization to $3.3 billion, with $750.0 million remaining as of July 31, 2023.
The expiration date of this repurchase authorization was extended to December 31, 2023, and our repurchase program may be suspended or discontinued at any time.
Repurchases under our program are to be made at management’s discretion on the open market, through privately negotiated transactions, transactions structured through investment banking institutions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing.
−Removed: (2) Includes shares of restricted common stock delivered by certain employees upon vesting of equity awards to satisfy tax withholding requirements.
−Removed: The number of shares delivered by these employees to satisfy tax withholding requirements during the period was not significant.
+Added: During the three months ended July 31, 2023, we did not repurchase any shares pursuant to our share repurchase program.
+Added: Between June 1, 2023 and June 30, 2023 and July 1, 2023 and July 31, 2023, shares of restricted stock were delivered by certain employees upon vesting of equity awards to satisfy tax withholding requirements.
+Added: The average value of shares delivered to satisfy tax withholding requirements during these periods were $246.53 per share and $243.33 per share, respectively.
+Added: The number of shares delivered to satisfy tax withholding requirements during these periods was not significant.
Stock Price Performance Graph
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under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
−Removed: Historically, we have compared the cumulative total return on our common stock with that of the NYSE Composite Index and the NYSE Arca Tech 100 Index.
−Removed: As a result of the change in our listing from the NYSE to Nasdaq in October 2021, we have added the Nasdaq 100 Index, the Standard & Poor’s 500 Index and the Standard & Poor’s Information Technology Index to the indexes that we have historically used.
−Removed: This performance graph compares the cumulative total return on our common stock with that of the Nasdaq 100 Index, the Standard & Poor’s 500 Index, the Standard & Poor Information Technology Index, the NYSE Composite Index and the NYSE Arca Tech 100 Index for the five years ended July 31, 2022.
−Removed: This performance graph assumes $100 was invested on July 31, 2017, in each of the common stock of Palo Alto Networks, Inc., the Nasdaq 100 Index, the Standard & Poor’s 500 Index, the Standard & Poor’s Information Technology Index, the NYSE Composite Index, and the NYSE Arca Tech 100 Index, and assumes the reinvestment of any dividends.
+Added: This performance graph compares the cumulative total return on our common stock with that of the Nasdaq 100 Index, the Standard & Poor’s 500 Index, and the Standard & Poor’s 500 Information Technology Index for the five years ended July 31, 2023.
+Added: This performance graph assumes $100 was invested on July 31, 2018, in each of the common stock of Palo Alto Networks, Inc., the Nasdaq 100 Index, the Standard & Poor’s 500 Index, and the Standard & Poor’s 500 Information Technology Index, and assumes the reinvestment of any dividends.
The stock price performance on this performance graph is not necessarily indicative of future stock price performance.
+Added: Palo Alto Networks, Inc.
+Added: Comparison of Total Return Performance
Company/Index 7/31/2018 7/31/2019 7/31/2020 7/31/2021 7/31/2022 7/31/2023
4 unchanged sentences
S&P 500 Information Technology Index $ 100.00 $ 115.72 $ 160.75 $ 225.10 $ 212.69 $ 269.79
−Removed: NYSE Composite Index $ 100.00 $ 108.32 $ 109.18 $ 104.16 $ 138.73 $ 128.08
−Removed: NYSE Arca Tech 100 Index $ 100.00 $ 124.87 $ 134.35 $ 155.18 $ 215.23 $ 187.52
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.