Palo Alto Networks CFO sells 27,500 shares

Q: How many PANW shares did Dipak Golechha sell?

Dipak Golechha reported direct sales of 27,500 common shares on September 24, 2026.

Q: What prices were reported for Dipak Golechha’s PANW sales?

The reported per-share prices ranged from $388.688 to $396.210. Seven of the eight entries are described as weighted-average sale prices over specified ranges; the 100-share entry at $396.210 per share has no separate weighted-average-price footnote.

The CFO’s reported sales were made under a Rule 10b5-1 plan adopted June 25, 2026.

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Palo Alto Networks Inc (PANW) EVP and CFO Dipak Golechha reported direct sales of 27,500 common shares on September 24, 2026. Reported per-share prices ranged from $388.688 to $396.210; seven of the eight entries are described as weighted-average sale prices over specified price ranges. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted June 25, 2026.

Insights

Analyzing...

Insider Trade Summary 10b5-1

Net Seller: 27,500 shares

Net Sell 8 txns

Insider Golechha Dipak

Role EVP, Chief Financial Officer

Sold 27,500 shs ($10.77M)

Type	Security	Shares	Price	Value
Sale	Common Stock ^{F1, F2}	900	$388.688	$350K
Sale	Common Stock ^{F1, F3}	2,160	$389.849	$842K
Sale	Common Stock ^{F1, F4}	9,539	$390.655	$3.73M
Sale	Common Stock ^{F1, F5}	5,301	$391.71	$2.08M
Sale	Common Stock ^{F1, F6}	6,400	$392.711	$2.51M
Sale	Common Stock ^{F1, F7}	2,200	$393.582	$866K
Sale	Common Stock ^{F1, F8}	900	$394.977	$355K
Sale	Common Stock ^F1	100	$396.21	$40K

Holdings After Transaction: Common Stock — 117,750 shares (Direct)

Footnotes (8)

F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2026.
F2. This sale price represents the weighted average sale price of the shares sold ranging from $388.10 to $388.95 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F3. This sale price represents the weighted average sale price of the shares sold ranging from $389.16 to $390.15 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F4. This sale price represents the weighted average sale price of the shares sold ranging from 390.16 to 391.13 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F5. This sale price represents the weighted average sale price of the shares sold ranging from $391.17 to $392.16 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F6. This sale price represents the weighted average sale price of the shares sold ranging from $392.18 to $393.17 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F7. This sale price represents the weighted average sale price of the shares sold ranging from $393.18 to $394.13 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F8. This sale price represents the weighted average sale price of the shares sold ranging from $394.49 to $395.42 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

Key Figures

Common shares sold: 27,500 shares Reported sale price: $388.688 per share Reported sale price: $396.210 per share

3 metrics

Common shares sold 27,500 shares Direct sales on September 24, 2026

Reported sale price $388.688 per share 900-share entry on September 24, 2026; weighted-average price

Reported sale price $396.210 per share 100-share entry on September 24, 2026

Key Terms

Rule 10b5-1 trading plan, weighted-average sale price, open market or private transaction

3 terms

Rule 10b5-1 trading plan regulatory

"pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted-average sale price financial

"weighted average sale price of the shares sold"

open market or private transaction financial

"Sale in open market or private transaction"

FAQ

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

How many PANW shares did Dipak Golechha sell?

Dipak Golechha reported direct sales of 27,500 common shares on September 24, 2026.

What prices were reported for Dipak Golechha’s PANW sales?

The reported per-share prices ranged from $388.688 to $396.210. Seven of the eight entries are described as weighted-average sale prices over specified ranges; the 100-share entry at $396.210 per share has no separate weighted-average-price footnote.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Available on EDGAR 09/28/2026 - 04:30 PM Accepted by SEC EDGAR 09/28/2026 - 04:30 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Golechha Dipak

(Last)

(First)

(Middle)

C/O PALO ALTO NETWORKS INC.

3000 TANNERY WAY

(Street)

SANTA CLARA

CALIFORNIA

95054

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Palo Alto Networks Inc [ PANW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/24/2026		S⁽¹⁾		900	D	$388.688⁽²⁾	144,350	D
Common Stock	09/24/2026		S⁽¹⁾		2,160	D	$389.849⁽³⁾	142,190	D
Common Stock	09/24/2026		S⁽¹⁾		9,539	D	$390.655⁽⁴⁾	132,651	D
Common Stock	09/24/2026		S⁽¹⁾		5,301	D	$391.71⁽⁵⁾	127,350	D
Common Stock	09/24/2026		S⁽¹⁾		6,400	D	$392.711⁽⁶⁾	120,950	D
Common Stock	09/24/2026		S⁽¹⁾		2,200	D	$393.582⁽⁷⁾	118,750	D
Common Stock	09/24/2026		S⁽¹⁾		900	D	$394.977⁽⁸⁾	117,850	D
Common Stock	09/24/2026		S⁽¹⁾		100	D	$396.21	117,750	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 25, 2026.

2. This sale price represents the weighted average sale price of the shares sold ranging from $388.10 to $388.95 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

3. This sale price represents the weighted average sale price of the shares sold ranging from $389.16 to $390.15 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

4. This sale price represents the weighted average sale price of the shares sold ranging from 390.16 to 391.13 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

5. This sale price represents the weighted average sale price of the shares sold ranging from $391.17 to $392.16 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

6. This sale price represents the weighted average sale price of the shares sold ranging from $392.18 to $393.17 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

7. This sale price represents the weighted average sale price of the shares sold ranging from $393.18 to $394.13 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

8. This sale price represents the weighted average sale price of the shares sold ranging from $394.49 to $395.42 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

	/s/ Elizabeth Villalobos, Attorney-in-Fact for Dipak Golechha	09/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR