Key John P. 4

What Happened
John P. Key, a director of Palo Alto Networks (PANW), sold 1,572 shares in an open-market sale on April 8, 2026. The shares were disposed at $173.32 per share for total proceeds of $272,459. This was a sale (not a purchase); sales by insiders can be routine and do not by themselves indicate company outlook.

Key Details

• Transaction date: 2026-04-08 (open-market sale)
• Price per share: $173.32; Shares sold: 1,572; Total proceeds: $272,459
• Filing date / accession: Form 4 filed 2026-04-10 (appears filed within the typical 2-business-day window)
• Shares owned after transaction: Not reported in the provided excerpt
• Footnotes/plan info: No 10b5-1 plan, tax-withholding, or other footnotes were provided in the supplied data

Context

• This was a straight sale (SEC transaction code "S"). Sales by directors are common for diversification, liquidity, or other personal reasons and should be interpreted cautiously.
• No indications in the supplied filing that this was a derivative transaction, gift, or option exercise.