GOETZ JAMES J 4
4 · Palo Alto Networks Inc · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Palo Alto Networks Director James J. Goetz Sells Shares
What Happened
- James J. Goetz, a director of Palo Alto Networks (PANW), sold a total of 20,000 shares in open-market transactions on June 12, 2026, generating proceeds of approximately $5,597,911. The individual lots reported were:
- 1,400 shares at a weighted average $277.89 (≈ $389,040)
- 4,800 shares at a weighted average $278.89 (≈ $1,338,660)
- 7,114 shares at a weighted average $279.88 (≈ $1,991,069)
- 5,193 shares at a weighted average $280.89 (≈ $1,458,649)
- 1,493 shares at a weighted average $281.64 (≈ $420,493)
- These were sales (S) — not purchases, option exercises, or awards — which are commonly routine portfolio transactions rather than explicit signals about company prospects.
Key Details
- Transaction date: June 12, 2026; Form 4 filed: June 16, 2026 (within the two-business-day filing window for a June 12 trade).
- Price detail footnotes: reported prices are weighted averages from multiple trades with ranges:
- 1,400 shares: $277.40–$278.38 (F1)
- 4,800 shares: $278.40–$279.28 (F2)
- 7,114 shares: $279.40–$280.39 (F3)
- 5,193 shares: $280.415–$281.41 (F4)
- 1,493 shares: $281.42–$281.85 (F5)
- Footnote F6 notes shares held by the reporting person’s family trust may be deemed beneficially owned; the reporter disclaims beneficial ownership except to the extent of pecuniary interest.
- The filing excerpt provided does not state the reporter’s total shares owned after these transactions; check the full Form 4 for post-transaction beneficial ownership.
Context
- These were open-market sales by a non-employee director (not option exercises or awards). Sales by insiders can be routine (diversification, tax planning, liquidity) and do not, on their own, prove a change in sentiment about the company.
- Retail investors should consider this alongside other insider activity, company fundamentals, and market conditions rather than treating the sales as a standalone buy/sell signal.
Insider Transaction Report
Form 4
GOETZ JAMES J
Director
Transactions
- Sale
Common Stock
[F1][F6]2026-06-12$277.89/sh−1,400$389,040→ 38,600 total(indirect: By Trust) - Sale
Common Stock
[F2][F6]2026-06-12$278.89/sh−4,800$1,338,660→ 33,800 total(indirect: By Trust) - Sale
Common Stock
[F3][F6]2026-06-12$279.88/sh−7,114$1,991,069→ 26,686 total(indirect: By Trust) - Sale
Common Stock
[F4][F6]2026-06-12$280.89/sh−5,193$1,458,649→ 21,493 total(indirect: By Trust) - Sale
Common Stock
[F5][F6]2026-06-12$281.64/sh−1,493$420,493→ 20,000 total(indirect: By Trust)
Holdings
- 314,580
Common Stock
Footnotes (6)
- [F1]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.
- [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.
- [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.
Signature
/s/ Jung Yeon Son, by power of attorney for James J. Goetz|2026-06-16