GOETZ JAMES J 4

What Happened
James J. Goetz, a director of Palo Alto Networks (PANW), sold a total of 22,684 shares in open-market transactions on March 6, 2026. He sold 8,500 shares at a weighted-average price of $163.83 for proceeds of $1,392,555, and 14,184 shares at a weighted-average price of $164.76 for proceeds of $2,336,956 — about $3,729,511 in total. These were outright sales (not purchases or option exercises), which are commonly routine insider sales.

Key Details

• Transaction date: March 6, 2026. Form 4 filed March 10, 2026 (filed within the typical 2-business-day reporting window).
• Reported sales: 8,500 shares @ $163.83 (proceeds $1,392,555); 14,184 shares @ $164.76 (proceeds $2,336,956). Total sold: 22,684 shares, ~ $3.73M.
• Price ranges (per footnotes): first lot sold across $163.27–$164.26; second lot sold across $164.28–$165.19. Reported column prices are weighted averages.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnote re ownership: some shares are held by the reporting person’s family trust; the filer disclaims beneficial ownership of trust-held shares except to the extent of pecuniary interest.

Context

• These were open-market sales (code S): sales are informative about liquidity/tax planning but do not by themselves indicate the director’s view of company prospects. No 10b5-1 plan, option exercise, gift, or tax-withholding flag was disclosed in the provided excerpt.