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Form of Proxy

CYBERARK SOFTWARE LTD.

Notes

No. Proposition For Against Abstain
1

The Merger Proposal. To approve, pursuant to the Israeli Companies Law, the Agreement and Plan of Merger, dated as of July 30, 2025, by and among Palo Alto Networks, Inc., a Delaware corporation (PANW), Athens Strategies Ltd., a company organized under the laws of the State of Israel and wholly owned subsidiary of PANW (Merger Sub), and CyberArk Software Ltd., a company organized under the laws of the State of Israel (CyberArk and the Merger Agreement, respectively), ...(due to space limits, see proxy material for full proposal).

2

The undersigned confirms that he, she or it is NOT (a) PANW, Merger Sub or any person or entity holding, directly or indirectly, (i) 25% or more of the voting power of PANW or Merger Sub or (ii) the right to appoint the chief executive officer or 25% or more of the directors of PANW or Merger Sub, (b) a person or entity acting on behalf of PANW, Merger Sub or a person or entity described in clause (a) above, or (c) a family member of, or an entity controlled by PANW, Merger Sub or any of the foregoing (each, a PANW Affiliate).

3

The 2024 Share Incentive Plan. To approve and ratify CyberArks 2024 share incentive plan (the Share Incentive Plan Proposal).