Palo Alto Networks (PANW) CAO Paul Josh Sells 900 Shares

What Happened

• Paul Josh D., Chief Accounting Officer of Palo Alto Networks (PANW), sold 900 shares in an open-market disposition on 2026-09-01 at $373.68 per share, for a total value of $336,312. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date and price: 2026-09-01 — 900 shares sold at $373.68 each.
• Total value: $336,312.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing date: Form 4 filed 2026-09-03 (two days after the trade), which appears to meet the usual 2-business-day reporting requirement.
• Notable footnotes:
  • F1: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 17, 2025.
  • F2: Ownership figures (where reported) include shares acquired under the issuer's Employee Stock Purchase Plan (ESPP).

Context

• The sale was executed under a pre-established 10b5-1 plan, meaning the transaction was scheduled under a prior written trading arrangement. Such trades are typically pre-planned and may not reflect the insider’s current views on the company. This Form 4 reports a straightforward open-market sale and does not involve option exercises, gifts, or other derivative transactions.