Palo Alto Networks (PANW) insider buying and selling
Every Table I transaction reported by directors and officers of S&P 500 companies on SEC Form 4 filings (2 business days to file): each row labeled with its official transaction code, nothing filtered out beforehand.
Open-market purchases (code P) are the rare signal, in green; sales (code S) are common and often pre-scheduled (10b5-1). Table II (derivatives) is not included: its prices are exercise prices, not market values. Guide: insider buying.
| Date | Ticker | Insider | Role | Shares | Price | Amount | % of stake | Type / filing |
|---|
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Palo Alto Networks, Inc. (PANW) insider buying and selling: 1 purchase, 46 sales
93 Form 4 Table I transactions filed with the SEC by Palo Alto Networks, Inc. insiders between 2025-08-26 and 2026-10-09 (15-month history): 1 open-market purchase and 46 sales, plus 46 transactions under other Form 4 codes, broken down one by one below. The largest open-market trade is a sale of $172.7M by Arora Nikesh on 2025-09-23.
Palo Alto Networks insider buying and selling over the last 12 months
Between Oct 21, 2025 and Oct 20, 2026, Palo Alto Networks insiders filed 1 purchase worth $10.0M and 40 sales worth $133.4M on the open market. The net balance is on the sell side: $123.4M more sold than bought.
The biggest buyer was Arora Nikesh (Chief Executive Officer): $10.0M in 1 purchase, the only buyer. The biggest seller was Klarich Lee (EVP Chief Product & Tech Ofcr): $88.8M in 4 sales, out of 8 different sellers.
The largest trade of the period was a sale of $26.3M on Nov 3, 2025, by Klarich Lee (EVP Chief Product & Tech Ofcr), under a 10b5-1 plan. Form 4 on sec.gov (0001193125-25-265144).
Of the 40 sales, 20 (50%, $106.4M) carry the 10b5-1 plan flag on the Form 4, meaning they were scheduled months ahead; the other 20 do not.
The last three months show 0 purchases and 10 sales, against 0 and 14 in the three before. The latest purchase is from Mar 27, 2026; the latest sale from Oct 9, 2026.
Against its sector (Technology, 85 companies with an insider page on this site), over the same dates the median is 22 sales and 0 purchases on the open market. Palo Alto Networks has more sales than 62 of the other 84, ranks 23 of 85 by net dollars sold, and 32 of the 85 have at least one purchase, Palo Alto Networks included.
The 20 most important trades
The only open-market purchase first, then the rest, each type from largest to smallest. The full history is in the tool above, already searched.
See all 93 PANW trades in the full history →
| Trade date | Filed | Insider | Role | Amount | Code | Filing |
|---|---|---|---|---|---|---|
| 2026-03-27 | 2026-03-27 | Arora Nikesh | Chief Executive Officer | $10.0M | P — Open-market purchase2 Form 4 footnotesF1 This purchase price represents the weighted average purchase price of the shares purchased ranging from $146.46 to $147.455 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares purchased at each separate price within the range set forth in this Form 4. F2 Includes shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan. | SEC |
| 2025-09-23 | 2025-09-24 | Arora Nikesh | Chief Executive Officer | $172.7M | S — Open-market sale (scheduled 10b5-1)8 Form 4 footnotesF1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person that became effective June 24, 2025. F2 This sale price represents the weighted average sale price of the shares sold ranging from $202.28 to $203.275 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F3 This sale price represents the weighted average sale price of the shares sold ranging from $203.28 to $204.27 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F4 This sale price represents the weighted average sale price of the shares sold ranging from $204.28 to $205.27 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F5 This sale price represents the weighted average sale price of the shares sold ranging from $205.28 to $206.27 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F6 This sale price represents the weighted average sale price of the shares sold ranging from $206.29 to $207.28 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F7 This sale price represents the weighted average sale price of the shares sold ranging from $207.29 to $208.27 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F8 This sale price represents the weighted average sale price of the shares sold ranging from $208.34 to $208.49 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. | SEC |
| 2025-11-03 | 2025-11-04 | Klarich Lee | EVP Chief Product & Tech Ofcr | $26.3M | S — Open-market sale (scheduled 10b5-1)6 Form 4 footnotesF3 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 27, 2024. F4 This sale price represents the weighted average sale price of the shares sold ranging from $215.37 to $216.365 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F5 This sale price represents the weighted average sale price of the shares sold ranging from $216.37 to $217.345 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F6 This sale price represents the weighted average sale price of the shares sold ranging from $217.37 to $218.365 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F7 This sale price represents the weighted average sale price of the shares sold ranging from $218.37 to $219.34 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F8 This sale price represents the weighted average sale price of the shares sold ranging from $219.37 to $220.31 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. | SEC |
| 2025-10-06 | 2025-10-07 | Klarich Lee | EVP Chief Product & Tech Ofcr | $25.6M | S — Open-market sale (scheduled 10b5-1)6 Form 4 footnotesF1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 27, 2024. F2 This sale price represents the weighted average sale price of the shares sold ranging from $209.02 to $210.01 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F3 This sale price represents the weighted average sale price of the shares sold ranging from $210.02 to $211.015 per share. Upon request by the Commission staff, the Issuer, or a security holder of the 1Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F4 This sale price represents the weighted average sale price of the shares sold ranging from $211.02 to $212.01 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F5 This sale price represents the weighted average sale price of the shares sold ranging from $212.02 to $213.015 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F6 This sale price represents the weighted average sale price of the shares sold ranging from $213.025 to $213.735 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. | SEC |
| 2025-12-03 | 2025-12-04 | Klarich Lee | EVP Chief Product & Tech Ofcr | $23.2M | S — Open-market sale (scheduled 10b5-1)8 Form 4 footnotesF1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 27, 2024. F2 This sale price represents the weighted average sale price of the shares sold ranging from $187.06 to $187.95 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F3 This sale price represents the weighted average sale price of the shares sold ranging from $188.145 to $189.14 per share. Upon request by the Commission staff, the Issuer, or a security holder of the 1Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F4 This sale price represents the weighted average sale price of the shares sold ranging from $189.15 to $190.13 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F5 This sale price represents the weighted average sale price of the shares sold ranging from $190.16 to $191.155 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F6 This sale price represents the weighted average sale price of the shares sold ranging from $191.16 to $192.155 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F7 This sale price represents the weighted average sale price of the shares sold ranging from $192.16 to $193.155 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F8 This sale price represents the weighted average sale price of the shares sold ranging from $193.16 to $193.96 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. | SEC |
| 2025-09-03 | 2025-09-05 | Klarich Lee | EVP Chief Product & Tech Ofcr | $23.1M | S — Open-market sale (scheduled 10b5-1)6 Form 4 footnotesF1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 27, 2024. F2 This sale price represents the weighted average sale price of the shares sold ranging from $188.155 to $189.035 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F3 This sale price represents the weighted average sale price of the shares sold ranging from $189.175 to $190.165 per share. Upon request by the Commission staff, the Issuer, or a security holder of the 1Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F4 This sale price represents the weighted average sale price of the shares sold ranging from $190.175 to $191.17 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F5 This sale price represents the weighted average sale price of the shares sold ranging from $191.18 to $192.175 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F6 This sale price represents the weighted average sale price of the shares sold ranging from $192.18 to $192.31 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. | SEC |
| 2026-01-08 | 2026-01-12 | Klarich Lee | EVP Chief Product & Tech Ofcr | $23.1M | S — Open-market sale (scheduled 10b5-1)6 Form 4 footnotesF1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 27, 2024. F2 This sale price represents the weighted average sale price of the shares sold ranging from $189.065 to $190.06 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F3 This sale price represents the weighted average sale price of the shares sold ranging from $190.065 to $191.06 per share. Upon request by the Commission staff, the Issuer, or a security holder of the 1Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F4 This sale price represents the weighted average sale price of the shares sold ranging from $191.065 to $192.06 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F5 This sale price represents the weighted average sale price of the shares sold ranging from $192.065 to $193.06 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F6 This sale price represents the weighted average sale price of the shares sold ranging from $193.085 to $193.21 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. | SEC |
| 2026-05-22 | 2026-05-27 | Klarich Lee | EVP Chief Product & Tech Ofcr | $16.3M | S — Open-market sale (scheduled 10b5-1)13 Form 4 footnotesF1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2025. F2 This sale price represents the weighted average sale price of the shares sold ranging from $249.74 to $250.685 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F3 This sale price represents the weighted average sale price of the shares sold ranging from $250.79 to $251.57 per share. Upon request by the Commission staff, the Issuer, or a security holder of the 1Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F4 This sale price represents the weighted average sale price of the shares sold ranging from $251.815 to $252.55 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F5 This sale price represents the weighted average sale price of the shares sold ranging from $252.88 to $253.81 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F6 This sale price represents the weighted average sale price of the shares sold ranging from $254.10 to $255.09 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F7 This sale price represents the weighted average sale price of the shares sold ranging from $255.11 to $256.085 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F8 This sale price represents the weighted average sale price of the shares sold ranging from $256.11 to $257.09 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F9 This sale price represents the weighted average sale price of the shares sold ranging from $257.15 to $258.11 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F10 This sale price represents the weighted average sale price of the shares sold ranging from $258.155 to $259.15 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F11 This sale price represents the weighted average sale price of the shares sold ranging from $259.155 to $260.15 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F12 This sale price represents the weighted average sale price of the shares sold ranging from $260.16 to $261.15 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F13 This sale price represents the weighted average sale price of the shares sold ranging from $261.16 to $261.395 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. | SEC |
| 2026-09-24 | 2026-09-28 | Golechha Dipak | EVP, Chief Financial Officer | $10.8M | S — Open-market sale (scheduled 10b5-1)8 Form 4 footnotesF1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2026. F2 This sale price represents the weighted average sale price of the shares sold ranging from $388.10 to $388.95 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F3 This sale price represents the weighted average sale price of the shares sold ranging from $389.16 to $390.15 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F4 This sale price represents the weighted average sale price of the shares sold ranging from 390.16 to 391.13 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F5 This sale price represents the weighted average sale price of the shares sold ranging from $391.17 to $392.16 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F6 This sale price represents the weighted average sale price of the shares sold ranging from $392.18 to $393.17 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F7 This sale price represents the weighted average sale price of the shares sold ranging from $393.18 to $394.13 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F8 This sale price represents the weighted average sale price of the shares sold ranging from $394.49 to $395.42 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. | SEC |
| 2026-09-17 | 2026-09-21 | Goetz James J | Director | $7.5M | S — Open-market sale Indirect holding, through: By family trust 12 Form 4 footnotesF1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $372.07 to $373.04, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) - (11) to this Form 4. F12 Shares held by the Reporting Person's family trust. The Reporting Person may be deemed to beneficially own the shares held by his family trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose. F2 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $373.09 to $373.88, inclusive. F3 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $374.17 to $375.16, inclusive. F4 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $375.18 to $376.17, inclusive. F5 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $376.20 to $377.18, inclusive. F6 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $377.22 to $378.19, inclusive. F7 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $378.25 to $379.245, inclusive. F8 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $379.25 to $380.18, inclusive. F9 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $380.32 to $381.16, inclusive. F10 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $381.39 to $382.19, inclusive. F11 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $382.44 to $382.95, inclusive. | SEC |
| 2026-06-12 | 2026-06-16 | Goetz James J | Director | $5.6M | S — Open-market sale Indirect holding, through: By family trust 6 Form 4 footnotesF1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.40 to $278.38, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2), (3), (4) and (5) to this Form 4. F6 Shares held by the Reporting Person's family trust. The Reporting Person may be deemed to beneficially own the shares held by his family trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose. F2 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $278.40 to $279.28, inclusive. F3 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $279.40 to $280.39, inclusive. F4 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $280.415 to $281.41, inclusive. F5 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $281.42 to $281.85, inclusive. | SEC |
| 2026-03-06 | 2026-03-10 | Goetz James J | Director | $3.7M | S — Open-market sale Indirect holding, through: By family trust 3 Form 4 footnotesF1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.27 to $164.26, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) and footnote (2) to this Form 4. F3 Shares held by the Reporting Person's family trust. The Reporting Person may be deemed to beneficially own the shares held by his family trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose. F2 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $164.28 to $165.19, inclusive. | SEC |
| 2025-12-08 | 2025-12-10 | Goetz James J | Director | $2.4M | S — Open-market sale Indirect holding, through: By The Goetz Children's Trust 4/24/1998 4 Form 4 footnotesF1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.84 to $195.83, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) as well as footnotes (3), (4), (5), and (6) to this Form 4 F2 The number of shares reflects the Issuer's 2-for-1 stock split effected December 13, 2024. F7 Shares held by The Goetz Children's Trust 4/24/1998. The Reporting Person may be deemed to beneficially own the shares held by The Goetz Children's Trust 4/24/1998. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose. F3 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $195.89 to $196.29, inclusive. | SEC |
| 2025-12-09 | 2025-12-10 | Goetz James J | Director | $2.4M | S — Open-market sale Indirect holding, through: By The Goetz Children's Trust 4/24/1998 4 Form 4 footnotesF4 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $194.23 to $195.17, inclusive. F7 Shares held by The Goetz Children's Trust 4/24/1998. The Reporting Person may be deemed to beneficially own the shares held by The Goetz Children's Trust 4/24/1998. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose. F5 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $195.28 to $196.27, inclusive. F6 The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $196.33 to $196.54, inclusive. | SEC |
| 2026-06-12 | 2026-06-12 | Key John P. | Director | $2.1M | S — Open-market sale | SEC |
| 2026-06-23 | 2026-06-24 | Golechha Dipak | EVP, Chief Financial Officer | $1.4M | S — Open-market sale (scheduled 10b5-1)7 Form 4 footnotesF1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 5, 2025. F2 This sale price represents the weighted average sale price of the shares sold ranging from $284.44 to $285.27 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F3 This sale price represents the weighted average sale price of the shares sold ranging from $286.45 to $286.90 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F4 This sale price represents the weighted average sale price of the shares sold ranging from $288.41 to $289.30 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F5 This sale price represents the weighted average sale price of the shares sold ranging from $289.54 to $290.46 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F6 This sale price represents the weighted average sale price of the shares sold ranging from $290.55 to $291.48 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F7 This sale price represents the weighted average sale price of the shares sold ranging from $291.83 to $291.86 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. | SEC |
| 2025-12-26 | 2025-12-29 | Jenkins William D Jr | President | $1.2M | S — Open-market sale (scheduled 10b5-1)3 Form 4 footnotesF1 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 26, 2025. F2 This sale price represents the weighted average sale price of the shares sold ranging from $187.34 to $188.31 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F3 This sale price represents the weighted average sale price of the shares sold ranging from $188.38 to $188.52 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. | SEC |
| 2025-09-23 | 2025-09-24 | Golechha Dipak | EVP, Chief Financial Officer | $1.0M | S — Open-market sale (scheduled 10b5-1)6 Form 4 footnotesF1 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 6, 2025. F2 This sale price represents the weighted average sale price of the shares sold ranging from $202.42 to $203.35 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F3 This sale price represents the weighted average sale price of the shares sold ranging from $203.42 to $204.41 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F4 This sale price represents the weighted average sale price of the shares sold ranging from $204.44 to $205.32 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F5 This sale price represents the weighted average sale price of the shares sold ranging from $205.57 to $206.29 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. F6 This sale price represents the weighted average sale price of the shares sold ranging from $206.63 to $207.14 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4. | SEC |
| 2025-12-23 | 2025-12-29 | Golechha Dipak | EVP, Chief Financial Officer | $941k | S — Open-market sale (scheduled 10b5-1)Form 4 footnoteF1 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 6, 2025. | SEC |
| 2026-09-14 | 2026-09-16 | Key John P. | Director | $940k | S — Open-market sale | SEC |
The period balance: money in, money out
Across the Form 4 filings submitted between Aug 26, 2025 and Oct 9, 2026, Palo Alto Networks, Inc. open-market activity adds up to 1 purchase worth $10.0M and 46 sales worth $356.1M. The net balance is $346.1M on the sell side.
Only codes P and S count, where an insider puts in or takes out their own money. A selling balance like Palo Alto Networks, Inc.'s is the norm in the S&P 500, where much of the pay comes as stock. It is not a recommendation to buy or sell: it is what was filed.
Every transaction, code by code
| Code | What it means | Trades | Reported amount |
|---|---|---|---|
| S | Open-market sale | 46 | $356.1M |
| A | Grant or award | 19 | $0 |
| F | Tax withholding (shares surrendered for taxes) | 14 | $110.8M |
| M | Option exercise | 6 | $42.8M |
| G | Gift | 5 | $0 |
| D | Sale back to the issuer | 2 | $0 |
| P | Open-market purchase | 1 | $10.0M |
| Total | Everything filed in the period | 93 | $519.7M |
26 of the 93 rows carry no usable amount on the Form 4: they count as trades and add $0. The code labels come from the SEC index.
Who has traded
Over the 15 months of history, 14 distinct people or entities have filed Palo Alto Networks, Inc. transactions: 1 bought on the open market and 9 sold. Counted by CIK, the fixed number the SEC gives each filer, and not by name, which each filer types their own way.
Of the 9 who sold on the open market (46 sales in all), the three biggest sellers account for $332.0M of the $356.1M: 93% of the money in three people.
| Filer | Role | Transactions | Bought (count) | Sold (count) | Last filed |
|---|---|---|---|---|---|
| Arora Nikesh | Chief Executive Officer | 6 | $10.0M (1) | $172.7M (1) | 2026-03-27 |
| Klarich Lee | EVP Chief Product & Tech Ofcr | 18 | — | $137.5M (6) | 2026-10-09 |
| Goetz James J | Director | 5 | — | $21.7M (5) | 2026-09-21 |
| Golechha Dipak | EVP, Chief Financial Officer | 9 | — | $15.0M (5) | 2026-09-28 |
| Key John P. | Director | 4 | — | $3.3M (3) | 2026-09-16 |
| Paul Josh D. | Chief Accounting Officer | 25 | — | $2.7M (13) | 2026-10-05 |
| Bawa Aparna | Director | 12 | — | $1.6M (10) | 2026-10-09 |
| Jenkins William D Jr | President | 4 | — | $1.3M (2) | 2026-01-06 |
Shown here are the 8 who moved the most money, out of 14. The rest are in the full history, one link above. The name links to all their trades, in any company. "Transactions" counts any code; the money, open market only. Role: from their latest filing.
Month by month
By the month the trade was executed, not the month it was filed; months with no trades show zero. The busiest month was Jun 2026: 0 purchases and 9 sales, worth $10.2M. 2 of the 15 months have none.
| Month | Purchases | Amount | Sales | Amount |
|---|---|---|---|---|
| Aug 2025 | 0 | $0 | 0 | $0 |
| Sep 2025 | 0 | $0 | 4 | $197.0M |
| Oct 2025 | 0 | $0 | 2 | $25.7M |
| Nov 2025 | 0 | $0 | 2 | $26.5M |
| Dec 2025 | 0 | $0 | 6 | $30.3M |
| Jan 2026 | 0 | $0 | 3 | $23.4M |
| Feb 2026 | 0 | $0 | 0 | $0 |
| Mar 2026 | 1 | $10.0M | 2 | $4.0M |
| Apr 2026 | 0 | $0 | 3 | $1.3M |
| May 2026 | 0 | $0 | 2 | $16.4M |
| Jun 2026 | 0 | $0 | 9 | $10.2M |
| Jul 2026 | 0 | $0 | 3 | $654k |
| Aug 2026 | 0 | $0 | 1 | $318k |
| Sep 2026 | 0 | $0 | 7 | $20.2M |
| Oct 2026 | 0 | $0 | 2 | $261k |
The last month may be partial: a Form 4 is filed up to two business days later. The table does not say whether the pattern is good or bad; it says when it happened.
Palo Alto Networks, Inc. (PANW) analysis page →
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How to read this data
12 of the 19 sales in the table are flagged as scheduled (10b5-1 plan): signed months ahead and executed automatically, so they say nothing about what the insider thinks today. Palo Alto Networks's single open-market purchase (code P) is the rare signal: insiders are already paid in stock, so buying more means putting in their own money. The latest filing is from Oct 9, 2026, and a Form 4 arrives up to two business days after the trade.
18 of the 20 rows in the table carry footnotes from the Form 4 itself, folded into the code column and copied verbatim; a row with no footnote means the filing has none.
Guide: Insider buying · all guides
What is behind these trades
The concepts on this page, explained from scratch in the Academy. Free, no account.
- What the efficiency hypothesis says and what it does NOT sayIf an insider's purchase is public and anyone can read it, is there any information left in it? That is the exact question that brings people here.
- Who really moves the market: the types of investorWho sits on the other side of each order, and where a company's own insiders fit among them.
- Supply, demand and price: why it rises and falls constantlyHow a piece of news ends up inside the price, and why the reaction to a filed sale is rarely the one you would expect.
Source: SEC EDGAR Form 4. This is a list of public facts, not financial advice or a recommendation to buy or sell.