Paul Josh D. 4

What Happened

• Paul Josh D., Chief Accounting Officer of Palo Alto Networks (PANW), sold 1,100 shares in an open-market transaction on June 1, 2026.
• The shares were sold at $285.08 per share for a total proceeds of $313,588.
• This was a sale (not a purchase); sales are often routine liquidity events and do not necessarily signal a change in insider sentiment.

Key Details

• Transaction date and price: 2026-06-01 — 1,100 shares sold at $285.08 each.
• Total value: $313,588.
• Transaction type/code: S (Sale), open market/private sale as reported.
• Shares owned after transaction: Not specified in the details provided.
• Footnote: The sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person on September 17, 2025 (Footnote F1).
• Filing timeliness: Reported on Form 4 filed 2026-06-02 for a 2026-06-01 transaction — appears to be filed promptly (not marked late).

Context

• 10b5-1 plans allow insiders to execute pre-set trades and are commonly used to avoid questions about trading on nonpublic information; the footnote indicates this sale followed such a plan.
• For retail investors, purchases are generally more informative about insider conviction; this single routine sale does not by itself provide a clear signal about the company's prospects.