Palo Alto Networks (PANW) Director John P. Key Sells 2,500 Shares

What Happened

• John P. Key, a director of Palo Alto Networks (PANW), sold 2,500 shares in an open-market transaction on September 14, 2026. The shares were sold at $376.03 each, for total proceeds of approximately $940,075. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date and price: 2026-09-14 — 2,500 shares sold at $376.03 per share.
• Total proceeds: ~$940,075.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes/plan disclosures: No 10b5-1 plan, tax-withholding, or other special footnotes disclosed in the filing.
• Filing/timeliness: Form 4 was filed on 2026-09-16 (two days after the trade), which appears to be within the SEC’s two-business-day reporting window.

Context

• This was a straightforward open-market sale. Sales by insiders can be routine (e.g., for diversification or personal reasons) and do not by themselves indicate company performance or insider sentiment. No options exercise, gift, or derivative activity was reported in this filing.