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  4. [144] Palo Alto Networks Inc SEC Filing

Palo Alto Networks (PANW) officer plans 3,300-share sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Palo Alto Networks, Inc. (PANW) received a notice that officer Joshua Paul plans to sell 3,300 shares of common stock under Rule 144, held through Restricted Stock Units becoming saleable on 08/01/2026. The shares have an indicated aggregate market value of $1,157,970.00, with 815,000,000 common shares outstanding.

Sales will be handled through Morgan Stanley Smith Barney LLC Executive Financial Services. In the prior three months, Joshua Paul reported Rule 10b5-1 sales totaling 2,000 shares of PANW common stock for proceeds reported as $310,500.00 on 07/01/2026 and $313,588.00 on 06/01/2026.

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Shares to be sold 3,300 shares Planned Rule 144 sale of Palo Alto Networks common stock by Joshua Paul
Aggregate market value of planned sale $1,157,970.00 Value associated with the 3,300 shares to be sold
Shares outstanding 815,000,000 shares Palo Alto Networks common shares outstanding as stated in the notice
10b5-1 sale on 07/01/2026 900 shares; $310,500.00 Previously sold under a 10b5-1 plan for Joshua Paul
10b5-1 sale on 06/01/2026 1,100 shares; $313,588.00 Previously sold under a 10b5-1 plan for Joshua Paul
RSU saleability date 08/01/2026 Date Restricted Stock Units become saleable for the 3,300 shares
Rule 144 period end date 08/25/2026 End date listed in connection with the Rule 144 sale information
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Units financial
"Common | 08/01/2026 | Restricted Stock Units | Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
10b5-1 regulatory
"10b5-1 Sales for JOSHUA PAUL 3000 Tannery Way"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

FAQ

What does the Form 144 filing disclose for Palo Alto Networks (PANW)?
It discloses that officer Joshua Paul plans to sell 3,300 shares of Palo Alto Networks common stock under Rule 144, related to Restricted Stock Units becoming saleable on 08/01/2026, with an indicated aggregate market value of $1,157,970.00.

How many Palo Alto Networks (PANW) shares does the insider plan to sell?

Joshua Paul plans to sell 3,300 shares of Palo Alto Networks common stock. These shares relate to Restricted Stock Units that become saleable on 08/01/2026 and are being sold under Rule 144 through Morgan Stanley Smith Barney LLC Executive Financial Services.

What is the reported market value of the planned PANW share sale?
The Form 144 lists an aggregate market value of $1,157,970.00 for the planned sale of 3,300 shares of Palo Alto Networks common stock, with 815,000,000 common shares outstanding as context for the size of the transaction.

What prior 10b5-1 sales by Joshua Paul in PANW stock are disclosed?
The filing lists two Rule 10b5-1 sales: on 07/01/2026, 900 shares of PANW common stock for $310,500.00, and on 06/01/2026, 1,100 shares for $313,588.00, both under a 10b5-1 trading arrangement for Joshua Paul.

How many Palo Alto Networks (PANW) shares are outstanding in this filing?
The notice states that 815,000,000 shares of Palo Alto Networks common stock are outstanding. This figure provides context relative to the 3,300 shares that Joshua Paul plans to sell under Rule 144.

Which broker is handling the planned Rule 144 sale for PANW shares?
The planned sale of 3,300 shares of Palo Alto Networks common stock is listed as being handled through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004.

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

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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR