Palo Alto Networks officer plans $1.16M stock sale

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.

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.

Key Figures

Shares to be sold: 3,300 shares Aggregate market value of planned sale: $1,157,970.00 Shares outstanding: 815,000,000 shares +4 more

7 metrics

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

Key Terms

Rule 144, Restricted Stock Units, 10b5-1

3 terms

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

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

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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Available on EDGAR 08/25/2026 - 04:45 PM EDT Accepted by SEC EDGAR 08/25/2026 - 04:44 PM EDT 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	0001882285
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	JOSHUA PAUL
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	3300	1157970.00	815000000	08/25/2026	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	08/01/2026	Restricted Stock Units	Issuer			3300	08/01/2026	N/A

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for JOSHUA PAUL 3000 Tannery Way Santa Clara CA 95054	Common	07/01/2026	900	310500.00
10b5-1 Sales for JOSHUA PAUL 3000 Tannery Way Santa Clara CA 95054	Common	06/01/2026	1100	313588.00

144: Remarks and Signature

Remarks
Date of Notice	08/25/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/17/2025
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/ Joshua Paul
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)