Palo Alto Networks trust plans $7.5M stock sale

Palo Alto Networks Inc (PANW) is the issuer for a planned sale of its common stock under Rule 144 by the GOETZ 2025 IRR CHILDRENS TRUST.

Rhea-AI Filing Summary

Palo Alto Networks Inc (PANW) is the issuer for a planned sale of its common stock under Rule 144 by the GOETZ 2025 IRR CHILDRENS TRUST. The notice covers up to 20,000 shares to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services, with a stated value of $7,533,686.00.

The filing lists 818,000,000 shares of Palo Alto Networks common stock as outstanding and identifies NASDAQ as the trading market. The trust’s holdings include shares originally received via distributions from Sequoia Capital in 2006 and 2008.

Key Figures

Planned shares to be sold: 20,000 shares Aggregate value of planned sale: $7,533,686.00 Shares outstanding: 818,000,000 shares +3 more

6 metrics

Planned shares to be sold 20,000 shares Common stock covered by the Rule 144 notice for GOETZ 2025 IRR CHILDRENS TRUST

Aggregate value of planned sale $7,533,686.00 Stated value for the 20,000 Palo Alto Networks common shares

Shares outstanding 818,000,000 shares Palo Alto Networks common stock outstanding as referenced in the notice

Acquisition on January 12, 2006 12,206 shares Common shares received via distribution from Sequoia Capital

Acquisitions on August 8, 2008 5,070 shares and 2,724 shares Common shares received via distributions from Sequoia Capital

Signature date September 17, 2026 Date associated with the Form 144 notice and signature

Key Terms

Rule 144, Distribution from a Partnership, Common, NASDAQ

4 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.

Distribution from a Partnership financial

"Common | 01/12/2006 | Distribution from a Partnership | Sequoia Capital"

Common financial

"144: Securities Information Common | Morgan Stanley Smith Barney LLC"

NASDAQ market

"| 818000000 | 09/17/2026 | NASDAQ"

The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

FAQ

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

What does the Form 144 filing for PANW disclose?

The Form 144 discloses a planned sale of 20,000 shares of Palo Alto Networks common stock by the GOETZ 2025 IRR CHILDRENS TRUST under Rule 144, to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services.

How many Palo Alto Networks (PANW) shares are planned to be sold and at what value?

The notice covers 20,000 common shares of Palo Alto Networks, with a stated aggregate value of $7,533,686.00, to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services.

How many Palo Alto Networks (PANW) shares are outstanding according to this filing?

The filing states that there are 818,000,000 shares of Palo Alto Networks common stock outstanding, providing context for the size of the 20,000-share planned sale.

Who is selling the Palo Alto Networks (PANW) shares in this Form 144?

The seller is the GOETZ 2025 IRR CHILDRENS TRUST, for whose account the Palo Alto Networks common stock is to be sold, with James J. Goetz signing the notice.

Through which broker will the PANW Rule 144 sale be executed?

The planned Rule 144 sale of Palo Alto Networks common stock will be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York.

What is the trading market for the Palo Alto Networks (PANW) shares in this notice?

The filing identifies NASDAQ as the trading market for the Palo Alto Networks common stock referenced in this Form 144 notice.

What is the origin of some PANW shares held by the GOETZ 2025 IRR CHILDRENS TRUST?

The filing lists prior acquisitions of common stock as distributions from a partnership, Sequoia Capital, on January 12, 2006 and August 8, 2008, for specific share amounts.

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

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Available on EDGAR 09/17/2026 - 04:12 PM Accepted by SEC EDGAR 09/17/2026 - 04:11 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	0001219231
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	408-753-4000
Name of Person for Whose Account the Securities are To Be Sold	GOETZ 2025 IRR CHILDRENS TRUST
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	Director

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	20000	7533686.00	818000000	09/17/2026	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	01/12/2006	Distribution from a Partnership	Sequoia Capital			12206	01/12/2006	Cash
Common	08/08/2008	Distribution from a Partnership	Sequoia Capital			5070	08/08/2008	Cash
Common	08/08/2008	Distribution from a Partnership	Sequoia Capital			2724	08/08/2008	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
Date of Notice	09/17/2026
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/ James J Goetz
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)