Upcoming Palo Alto Networks Stock Split on 14 September 2022 

   

Please be informed that Palo Alto Networks Inc Prov’s (PANW) 3-for-1 stock split is set to take effect as per the following schedule: 

  • Ex-Date: 14 September 2022 

Common shares of PANW will trade at the new split-adjusted price from 14 September 2022 onwards. 
 
How will this stock split affect you? 

Account Type Order Type  New Price  New Volume  
LiveOpen positions1/3 of Original Price  3x Original Volume 
Stop loss / take profit settings  
Pending orders* RemovedRemoved
Demo  Open positions RemovedRemoved
Pending orders* 

*All pending orders including buy limit, sell limit, buy stop, sell stop, buy stop limit, and sell stop limit will be removed. 

**While the number of PANW shares you hold will be multiplied by 3 post-split, the price per contract of your PANW shares will be divided by 3. 

Please refer to the following case examples for your further understanding on how this stock split may affect you: 

  • If you own 25 PANW share trading at $501 per share before the ex-date, you will own 75 shares valued at $167 per share after the split. 
  • If you sell 25 PANW share trading at $501 per share before the ex-date, you will receive the pre-split price, which is $12,525. However, you will not receive any split shares. 
  • If you buy 25 PANW share trading at $12,525 before the ex-date, you will purchase the shares at the pre-split price at $501. Following the split, you will receive an additional 50 shares and the price of each share will be reduced to the post-split price. 

Will the split affect short sellers? 

Stock splits do not affect short sellers in a material way. While the volume of the short position held may be affected as a result of the split, the value of the short position held is not affected. 

For more further details, please refer here.

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