Paul Josh D. 4
4 · Palo Alto Networks Inc · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Palo Alto Networks (PANW) Chief Accounting Officer Josh Paul Sells 900 Shares
What Happened Josh D. Paul, Chief Accounting Officer of Palo Alto Networks (PANW), disposed of shares on July 1, 2026. He sold 900 shares in an open-market transaction at $345.00 per share for proceeds of $310,500. Separately, 1,092 shares were withheld by the issuer to satisfy tax withholding on previously vested restricted stock units (with a notional value of $372,394 at $341.02 each); this withholding is not a sale by the reporting person.
Key Details
- Transaction date: 2026-07-01
- Open-market sale: 900 shares @ $345.00 — proceeds $310,500 (Code S)
- Tax withholding / net settlement: 1,092 shares @ $341.02 — $372,394 (Code F); issuer withheld shares to cover tax obligations (not a personal sale)
- 10b5-1 plan: The 900-share sale was made under a Rule 10b5-1 trading plan adopted by Mr. Paul on September 17, 2025 (footnote)
- Shares owned after transaction: Not specified in the provided filing
- Filing timeliness: Reported on the same date (2026-07-01); no late filing indicated
Context The 1,092-share action represents net settlement/tax withholding of previously granted RSUs, which is routine and not an active market sale by the insider. The 900-share sale was pre-arranged under a 10b5-1 plan, a common way insiders systematically sell shares without contemporaneous trading decisions. These entries reflect share disposals rather than purchases; purchases would be a stronger bullish signal.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-07-01$341.02/sh−1,092$372,394→ 80,544 total - Sale
Common Stock
[F2]2026-07-01$345.00/sh−900$310,500→ 79,644 total
Footnotes (2)
- [F1]This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units.
- [F2]The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 17, 2025.