A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 11 filings in this group are Form 4s for Palo Alto Networks, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 11 insider filings shown, the breakdown is 8 open-market sale, 1 compensation award, 1 gift and 1 tax withholding. 8 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Open-market sale
Insider Selling
2026-10-05
PANW insider Paul Josh D. (Chief Accounting Officer) sold 400 shares (~$158.3K)
Paul Josh D., listed as Chief Accounting Officer at Palo Alto Networks Inc, reported an open-market sale of 400 PANW shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
1,308 |
$397.31 |
$519.7K |
S |
Open-market sale
|
400 |
$395.70 |
$158.3K |
Filing: Form 4 (Insider Transaction)
Insider: Paul Josh D. (Chief Accounting Officer)
Shares: 400
Est. Value: $158.3K
Form 4
Gift
Tax / Compensation Filing
2026-10-01
PANW insider Form 4 filed for equity award, exercise, or tax withholding
Klarich Lee (Director, EVP Chief Product & Tech Ofcr) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were transferred as a gift, typically for estate or charitable planning. No sale into the market took place.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
G |
Gift
|
25,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Klarich Lee (Director, EVP Chief Product & Tech Ofcr)
Shares: 25,000
Form 4
Open-market sale
Insider Selling
2026-09-28
PANW insider Golechha Dipak (EVP, Chief Financial Officer) sold 27,500 shares (~$10.77M)
Golechha Dipak, listed as EVP, Chief Financial Officer at Palo Alto Networks Inc, reported an open-market sale of 27,500 PANW shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
900 |
$388.69 |
$349.8K |
S |
Open-market sale
|
2,160 |
$389.85 |
$842.1K |
S |
Open-market sale
|
9,539 |
$390.65 |
$3.73M |
S |
Open-market sale
|
5,301 |
$391.71 |
$2.08M |
S |
Open-market sale
|
6,400 |
$392.71 |
$2.51M |
S |
Open-market sale
|
2,200 |
$393.58 |
$865.9K |
S |
Open-market sale
|
900 |
$394.98 |
$355.5K |
S |
Open-market sale
|
100 |
$396.21 |
$39.6K |
Filing: Form 4 (Insider Transaction)
Insider: Golechha Dipak (EVP, Chief Financial Officer)
Shares: 27,500
Est. Value: $10.77M
Form 4
Open-market sale
Insider Selling
2026-09-28
PANW insider Bawa Aparna (Director) sold 260 shares (~$102.1K)
Bawa Aparna, listed as Director at Palo Alto Networks Inc, reported an open-market sale of 260 PANW shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
260 |
$392.69 |
$102.1K |
Filing: Form 4 (Insider Transaction)
Insider: Bawa Aparna (Director)
Shares: 260
Est. Value: $102.1K
Form 4
Compensation award
Tax / Compensation Filing
2026-09-22
PANW insider Form 4 filed for equity award, exercise, or tax withholding
Paul Josh D. (Chief Accounting Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
7,211 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Paul Josh D. (Chief Accounting Officer)
Shares: 7,211
Form 4
Open-market sale
Insider Selling
2026-09-21
PANW insider GOETZ JAMES J (Director) sold 20,000 shares (~$7.53M)
GOETZ JAMES J, listed as Director at Palo Alto Networks Inc, reported an open-market sale of 20,000 PANW shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
900 |
$372.51 |
$335.3K |
S |
Open-market sale
|
910 |
$373.53 |
$339.9K |
S |
Open-market sale
|
3,348 |
$374.72 |
$1.25M |
S |
Open-market sale
|
4,313 |
$375.73 |
$1.62M |
S |
Open-market sale
|
4,751 |
$376.66 |
$1.79M |
S |
Open-market sale
|
1,293 |
$377.65 |
$488.3K |
S |
Open-market sale
|
1,504 |
$378.74 |
$569.6K |
S |
Open-market sale
|
700 |
$379.61 |
$265.7K |
S |
Open-market sale
|
1,000 |
$380.71 |
$380.7K |
S |
Open-market sale
|
781 |
$381.86 |
$298.2K |
S |
Open-market sale
|
500 |
$382.69 |
$191.3K |
Filing: Form 4 (Insider Transaction)
Insider: GOETZ JAMES J (Director)
Shares: 20,000
Est. Value: $7.53M
Form 4
Open-market sale
Insider Selling
2026-09-16
PANW insider Key John P. (Director) sold 2,500 shares (~$940.1K)
Key John P., listed as Director at Palo Alto Networks Inc, reported an open-market sale of 2,500 PANW shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
2,500 |
$376.03 |
$940.1K |
Filing: Form 4 (Insider Transaction)
Insider: Key John P. (Director)
Shares: 2,500
Est. Value: $940.1K
Form 4
Open-market sale
Insider Selling
2026-09-16
PANW insider Bawa Aparna (Director) sold 1,500 shares (~$562.2K)
Bawa Aparna, listed as Director at Palo Alto Networks Inc, reported an open-market sale of 1,500 PANW shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
1,000 |
$373.61 |
$373.6K |
S |
Open-market sale
|
500 |
$377.18 |
$188.6K |
Filing: Form 4 (Insider Transaction)
Insider: Bawa Aparna (Director)
Shares: 1,500
Est. Value: $562.2K
Form 4
Tax withholding
Tax / Compensation Filing
2026-09-03
PANW insider Form 4 filed for equity award, exercise, or tax withholding
Thorning-Schmidt Helle (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
211 |
$382.13 |
$80.6K |
Filing: Form 4 (Insider Transaction)
Insider: Thorning-Schmidt Helle (Director)
Shares: 211
Form 4
Open-market sale
Insider Selling
2026-09-03
PANW insider Paul Josh D. (Chief Accounting Officer) sold 900 shares (~$336.3K)
Paul Josh D., listed as Chief Accounting Officer at Palo Alto Networks Inc, reported an open-market sale of 900 PANW shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
900 |
$373.68 |
$336.3K |
Filing: Form 4 (Insider Transaction)
Insider: Paul Josh D. (Chief Accounting Officer)
Shares: 900
Est. Value: $336.3K
Form 4
Open-market sale
Insider Selling
2026-08-27
PANW insider Paul Josh D. (Chief Accounting Officer) sold 900 shares (~$318.4K)
Paul Josh D., listed as Chief Accounting Officer at Palo Alto Networks Inc, reported an open-market sale of 900 PANW shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
900 |
$353.77 |
$318.4K |
Filing: Form 4 (Insider Transaction)
Insider: Paul Josh D. (Chief Accounting Officer)
Shares: 900
Est. Value: $318.4K