Bawa Aparna 4

What Happened

Palo Alto Networks director Aparna Bawa sold a total of 1,468 shares in three open-market transactions. The sales were:

• 377 shares at $265.00 on 2026-06-10 for $99,905
• 555 shares at $270.00 on 2026-06-11 for $149,850
• 536 shares at $280.00 on 2026-06-12 for $150,080
  Total proceeds across the three transactions: $399,835. These were sales (not purchases); sales by insiders can be routine (e.g., diversification, tax needs) and do not by themselves signal company outlook.

Key Details

• Transaction dates and prices: 2026-06-10 ($265), 2026-06-11 ($270), 2026-06-12 ($280).
• Total shares sold: 1,468; total proceeds: $399,835.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes: F1 notes a transfer of 540 shares from the reporting person to The Bawa Family Trust. F2 states the shares are held by The Bawa Family Trust, for which Aparna Bawa and her spouse serve as trustees.
• Timeliness: Form filed 2026-06-12 with a Period of Report of 2026-06-11; the filing itself does not indicate a late-filing notation in the excerpt provided.

Context

• These were open-market sales (transaction code S). Sales are common for insiders and can reflect non-operational needs; they are less informative than purchases when assessing insider conviction.
• The footnote transfer to a family trust is an internal/estate-planning-type transaction and does not necessarily reflect market sentiment.