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AI brief of an SEC Form 8-K · Palo Alto Networks (PANW)

Palo Alto Networks extends three Santa Clara office leases through July 31, 2040

Neutral Impact 3 of 5 product/contract Written later

Palo Alto Networks signed three lease amendments on April 8, 2026, extending the term of its leases on three Santa Clara, California office buildings for 12 years, from August 1, 2028 to July 31, 2040. The landlord is required to provide a tenant improvement allowance of up to $72.50 per rentable square foot, and base rent is abated for the first 12 months of the extended term.

Key points

  • Extended term runs 12 years, from August 1, 2028 through July 31, 2040
  • Base rent is $3.825 per rentable square foot per month after the abatement period, with 2% annual increases
  • Landlord tenant improvement allowance of up to $72.50 per rentable square foot

The filing

CompanyPalo Alto Networks (PANW)
Form8-K, current report
Filed with the SECApr 10, 2026, 9:00 PM ET
Accession number0001193125-26-151637

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 10, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.