Palo Alto Networks files Form 144 listing proposed sale lots

Palo Alto Networks submitted a Form 144 notice reporting proposed sales of company common stock by insiders or persons affiliated with the issuer.

Rhea-AI Filing Summary

Palo Alto Networks submitted a Form 144 notice reporting proposed sales of company common stock by insiders or persons affiliated with the issuer. The filing lists multiple grant types with specific lot counts and dates, including 10,000 shares and award lots of 9,733 (PSU/RSU) and 267 (ESPP) with trade dates shown.

Insights

Equity Compensation Specialist

Form 144 lists specific tranches of equity eligible for sale, not market outcomes.

The filing records planned dispositions tied to equity awards: 9,733 PSUs/RSUs dated 10/20/2024 and 267 ESPP shares dated 02/28/2025 These entries indicate lots eligible for transfer rather than completed trades.

Cash treatment and buyer-counterparty details are not shown; subsequent transactional filings will report executed sales and proceeds if and when trades occur.

Key Figures

Proposed shares listed: 10,000 shares Header numeric value: 1,603,200.00 Header aggregate-like value: 816,000,000 +2 more

5 metrics

Proposed shares listed 10,000 shares header line showing a 10,000 quantity

Header numeric value 1,603,200.00 numeric field in header (format shown in excerpt)

Header aggregate-like value 816,000,000 numeric field in header (format shown in excerpt)

PSU & RSU lot 9,733 units PSU & RSU dated <date>10/20/2024</date>

ESPP lot 267 shares Employee Stock Purchase Plan dated <date>02/28/2025</date>

Key Terms

PSU, RSU, Employee Stock Purchase Plan

3 terms

PSU financial

"PSU & RSU | Issuer | 9733 | 10/20/2024"

A PSU is a company where the government owns a controlling stake and often plays a direct role in its management and strategy. Think of it like a business that operates with public oversight, similar to a town-run utility versus a private neighborhood service. Investors watch PSUs differently because government involvement can affect profits, dividend policies, regulatory treatment and stability, so these stocks may behave more like policy instruments than pure market-driven enterprises.

RSU financial

"PSU & RSU | Issuer | 9733 | 10/20/2024"

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

Employee Stock Purchase Plan financial

"Employee Stock Purchase Plan | Issuer | 267 | 02/28/2025"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does PANW's Form 144 report?

The Form 144 reports planned sales of common stock by insiders or affiliates. It lists 10,000 shares and award lots of 9,733 (PSU/RSU) and 267 (ESPP) with specified grant or trade dates.

Are the listed sales in PANW's Form 144 completed?

No; Form 144 is a notice of proposed sales, not proof of execution. The filing lists proposed lots and dates such as 10/20/2024 and 02/28/2025 but does not show settlement or proceeds.

What award types appear in the PANW Form 144?

The filing lists equity award types including PSU and RSU (9,733 units) and shares from an Employee Stock Purchase Plan (267 shares), each tied to specific dates shown in the notice.

Does PANW's Form 144 disclose proceeds or buyers?

No; the excerpt does not state proceeds, purchaser identities, or cash-flow recipients. It records counts and dates only, such as 1,603,200.00 formatted values present in the header without an explicit proceeds label.

When will executed insider sales be visible for PANW?

Executed sales typically appear in subsequent regulatory filings such as Form 4 or broker confirmations. The Form 144 here lists proposed lots; actual transaction reporting will follow if and when sales occur.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/01/2026 - 04:41 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001852540
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	PALO ALTO NETWORKS, INC.
SEC File Number	001-35594
Address of Issuer	3000 Tannery Way Santa Clara CALIFORNIA 95054
Phone	4087534000
Name of Person for Whose Account the Securities are To Be Sold	DIPAK GOLECHHA
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	10000	1603200.00	816000000	04/01/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	10/20/2024	PSU & RSU	Issuer			9733	10/20/2024	N/A
Common	02/28/2025	Employee Stock Purchase Plan	Issuer			267	02/28/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	The securities to be sold were acquired upon the vesting of restricted stock units during the period of 10/20/24 through 3/20/25.
Date of Notice	04/01/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	12/05/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Dipak Golechha
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)