Palo Alto Networks (PANW) director corrects reported insider share totals
Rhea-AI Filing Summary
Palo Alto Networks director James J. Goetz filed an amended insider report to correct an administrative error in the number of common shares shown as beneficially owned after previously reported sale transactions. The amendment reflects 314,580 common shares held directly, plus 40,000 and 54,184 common shares held by his family trusts. The filing notes he may be deemed to beneficially own the trust-held shares but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
GOETZ JAMES J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 94,184 shares (Indirect, By family trust);
Common Stock — 314,580 shares (Direct)
Footnotes (2)
- F1. The original Form 4, filed on March 10, 2026, is being amended by this Form 4 amendment solely to correct an administrative error in reporting the number of securities beneficially owned by the Reporting Person following the reported sale transactions.
- F2. Shares held by the Reporting Person's family trust. The Reporting Person may be deemed to beneficially own the shares held by his family trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose.
Key Figures
Direct common shares: 314,580 shares
Family trust holding A: 40,000 shares
Family trust holding B: 54,184 shares
+1 more
4 metrics
Direct common shares
314,580 shares
Common Stock beneficially owned directly after correction
Family trust holding A
40,000 shares
Common Stock held indirectly by family trust after correction
Family trust holding B
54,184 shares
Common Stock held indirectly by family trust after correction
Unknown transaction entries
3 entries
Holding-type records with unknown transaction codes
Key Terms
Form 4 amendment, beneficially owned, family trust, beneficial ownership, +1 more
5 terms
Form 4 amendment regulatory
"The original Form 4, filed on March 10, 2026, is being amended by this Form 4 amendment solely to correct an administrative error"
beneficially owned financial
"to correct an administrative error in reporting the number of securities beneficially owned by the Reporting Person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
family trust financial
"Shares held by the Reporting Person's family trust."
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the latest Form 4/A show for Palo Alto Networks (PANW) director James Goetz?
The Form 4/A shows that James J. Goetz now reports beneficial ownership of 314,580 Palo Alto Networks common shares directly, plus additional shares held indirectly through family trusts, correcting an earlier administrative error in reported totals.
Why did James Goetz file a Form 4/A amendment for Palo Alto Networks (PANW)?
James Goetz filed the Form 4/A amendment solely to correct an administrative error in the number of Palo Alto Networks securities shown as beneficially owned after previously reported sale transactions, without reporting any new buy or sell activity.