Palo Alto Networks officer proposes $6.67M share sale

The officer also reported 18,222 shares sold for $6,543,019.10 during the prior three months under a 10b5-1 sales heading.

Available on EDGAR 11/03/2026 - 04:26 PM EST Accepted by SEC EDGAR 11/03/2026 - 04:25 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Palo Alto Networks, Inc. (PANW) officer William D. Jenkins Jr. reported a proposed sale of 18,955 common shares, with an aggregate market value of $6,666,852.60, through Morgan Stanley Smith Barney LLC. The approximate sale date is November 3, 2026, on Nasdaq. The shares were acquired from the issuer as performance stock units on November 1, 2025. His reported sales during the prior three months include 18,222 common shares for $6,543,019.10, under a 10b5-1 sales heading.

Key Figures

Shares proposed for sale: 18,955 shares Aggregate market value: $6,666,852.60 Shares sold: 18,222 shares +1 more

4 metrics

Shares proposed for sale 18,955 shares Common shares; approximate sale date November 3, 2026

Aggregate market value $6,666,852.60 Proposed sale of 18,955 common shares

Shares sold 18,222 shares Reported sales during the prior three months

Gross proceeds $6,543,019.10 Reported sales during the prior three months

Key Terms

Rule 144, Performance Stock Units, 10b5-1 Sales

3 terms

Rule 144 regulatory

"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.

Performance Stock Units financial

"Performance Stock Units"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

10b5-1 Sales regulatory

"10b5-1 Sales for D JENKINS JR."

10b5-1 sales are pre-arranged stock-trading plans that let company insiders automatically buy or sell shares according to a fixed schedule or formula, even if they later learn confidential information. Think of it as setting up an automatic thermostat for trades: it creates a clear, documented path that can protect insiders from insider-trading accusations and gives investors a signal about predictable insider activity—though it can also simply be a way for insiders to diversify or raise cash.

FAQ

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

How many PANW shares did William D. Jenkins Jr. propose to sell?

The proposed sale covers 18,955 common shares, with an aggregate market value of $6,666,852.60. The approximate sale date is November 3, 2026, through Morgan Stanley Smith Barney LLC on Nasdaq.

How many PANW shares did the officer sell in the prior three months?

The reported prior-three-month sales were 18,222 common shares for $6,543,019.10 in gross proceeds, under a 10b5-1 sales heading.

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

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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	0001590423
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	WILLIAM D JENKINS JR.
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	18955	6666852.60	818000000	11/03/2026	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	11/01/2025	Performance Stock Units	Issuer			18955	11/01/2025	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
10b5-1 Sales for WILLIAM D JENKINS JR. 3000 Tannery Way Santa Clara CA 95054	Common	11/02/2026	18222	6543019.10

144: Remarks and Signature

Remarks
Date of Notice	11/03/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	06/28/2026
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/ William D Jenkins Jr.
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)