Palo Alto Networks trustee plans $331K stock sale

Palo Alto Networks, Inc. (PANW) received a notice under Rule 144 for a proposed sale of 1,000 shares of common stock for an aggregate market value of $330,650, to be executed through J.P.

Rhea-AI Filing Summary

Palo Alto Networks, Inc. (PANW) received a notice under Rule 144 for a proposed sale of 1,000 shares of common stock for an aggregate market value of $330,650, to be executed through J.P. Morgan Securities LLC after September 14, 2026. The filing states that 818,000,000 shares of Palo Alto Networks common stock were outstanding. The shares are being sold for the account of The Bawa Family Trust, for which Aparna Bawa is trustee, and follow prior sales over the past three months.

Key Figures

Shares to be sold: 1,000 shares Aggregate market value of proposed sale: $330,650 Shares outstanding: 818,000,000 shares +4 more

7 metrics

Shares to be sold 1,000 shares Common stock proposed for sale under Rule 144

Aggregate market value of proposed sale $330,650 Value of 1,000 shares of common stock in the Rule 144 notice

Shares outstanding 818,000,000 shares Palo Alto Networks common stock reported as outstanding

Sale on June 22, 2026 345 shares for $100,086.54 Past 3 months’ sales by The Bawa Family Trust

Sale on June 29, 2026 632 shares for $201,355.05 Past 3 months’ sales by The Bawa Family Trust

Sale on July 1, 2026 290 shares for $101,115.11 Past 3 months’ sales by The Bawa Family Trust

Planned sale date September 14, 2026 Approximate date for the Rule 144 sale through J.P. Morgan Securities LLC

Key Terms

Rule 144, aggregate market value, affiliate, RSU award, +1 more

5 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.

aggregate market value financial

"Common ... 1000 | 330650 | 818000000 | 09/14/2026 | Nasdaq"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

affiliate regulatory

"Affiliate 144: Securities Information"

RSU award financial

"who acquired the shares via RSU award from the issuer on 09/01/26"

attorney-in-fact regulatory

"Signature | /s/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Aparna Bawa"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

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 a planned sale under Rule 144 of 1,000 shares of Palo Alto Networks common stock for an aggregate market value of $330,650, to be executed through J.P. Morgan Securities LLC after September 14, 2026, for The Bawa Family Trust.

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

The filing states the shares are being sold by The Bawa Family Trust, with Aparna Bawa as trustee. The notice is signed by J.P. Morgan Securities LLC as agent and attorney-in-fact for Aparna Bawa.

How many Palo Alto Networks (PANW) shares are covered by this Form 144 notice?

The notice covers a proposed sale of 1,000 shares of Palo Alto Networks common stock. The filing also reports that 818,000,000 shares of common stock were outstanding, which is a separate context figure.

What is the reported market value of the PANW shares to be sold under this Form 144?

The filing reports an aggregate market value of $330,650 for the 1,000 shares of Palo Alto Networks common stock proposed to be sold through J.P. Morgan Securities LLC.

What PANW share sales by the Bawa Family Trust occurred in the past three months?

The filing lists sales of 345 shares for $100,086.54 on June 22, 2026, 632 shares for $201,355.05 on June 29, 2026, and 290 shares for $101,115.11 on July 1, 2026, all of Palo Alto Networks common stock.

How were the PANW shares to be sold acquired by Aparna Bawa or her trust?

The notice states the common shares were acquired via RSU awards from the issuer on September 1, 2025 and September 1, 2026, and identifies the proposed sales dates for these RSU-derived shares under Rule 144.

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

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Available on EDGAR 09/14/2026 - 07:43 PM Accepted by SEC EDGAR 09/14/2026 - 07:42 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	0001773301
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	Aparna Bawa
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	Affiliate

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	J.P. Morgan Securities LLC 270 Park Avenue 10th Floor New York NY 10017	1000	330650	818000000	09/14/2026	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	09/03/2026	Transfer	Aparna Bawa who acquired the shares via RSU award from the issuer on 09/01/26			540	09/03/2026	N/A
Common	09/29/2025	Transfer	Aparna Bawa who acquired the shares via RSU award from the issuer on 09/01/25			460	09/29/2025	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
Bawa Family Trust Care of Palo Alto Networks, Inc. 3000 Tannery Way Santa Clara CA 95054	Common	06/22/2026	345	100086.54
Bawa Family Trust Care of Palo Alto Networks, Inc. 3000 Tannery Way Santa Clara CA 95054	Common	06/29/2026	632	201355.05
Bawa Family Trust Care of Palo Alto Networks, Inc. 3000 Tannery Way Santa Clara CA 95054	Common	07/01/2026	290	101115.11

144: Remarks and Signature

Remarks	The shares represented on this filing are being sold by The Bawa Family Trust, Aparna Bawa as Trustee.
Date of Notice	09/14/2026
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/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Aparna Bawa
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)