PANW CFO sells 5,000 shares in pre-set plan

Palo Alto Networks EVP and CFO Dipak Golechha sold 5,000 shares of common stock in open-market transactions under a pre-set Rule 10b5-1 trading plan.

Rhea-AI Filing Summary

Palo Alto Networks EVP and CFO Dipak Golechha sold 5,000 shares of common stock in open-market transactions under a pre-set Rule 10b5-1 trading plan. The sales on June 23, 2026 were executed at weighted average prices generally between about $284 and $292 per share.

Following these transactions, he directly holds 145,250 shares of Palo Alto Networks common stock, indicating he retains a substantial equity position in the company.

Insider Trade Summary 10b5-1

Net Seller: 5,000 shares

Net Sell 6 txns

Insider Golechha Dipak

Role EVP, Chief Financial Officer

Sold 5,000 shs ($1.45M)

Type	Security	Shares	Price	Value
Sale	Common Stock	300	$284.80	$85K
Sale	Common Stock	200	$286.675	$57K
Sale	Common Stock	1,300	$288.957	$376K
Sale	Common Stock	2,100	$290.032	$609K
Sale	Common Stock	886	$291.067	$258K
Sale	Common Stock	214	$291.837	$62K

Holdings After Transaction: Common Stock — 145,250 shares (Direct)

Footnotes (7)

1. F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 5, 2025.
2. F2. This sale price represents the weighted average sale price of the shares sold ranging from $284.44 to $285.27 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. F3. This sale price represents the weighted average sale price of the shares sold ranging from $286.45 to $286.90 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. F4. This sale price represents the weighted average sale price of the shares sold ranging from $288.41 to $289.30 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. F5. This sale price represents the weighted average sale price of the shares sold ranging from $289.54 to $290.46 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. F6. This sale price represents the weighted average sale price of the shares sold ranging from $290.55 to $291.48 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. F7. This sale price represents the weighted average sale price of the shares sold ranging from $291.83 to $291.86 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

Shares sold: 5,000 shares Post-transaction holdings: 145,250 shares Sale tranche at $291.837: 214 shares at $291.837/share +4 more

7 metrics

Shares sold 5,000 shares Common stock sold by CFO on June 23, 2026

Post-transaction holdings 145,250 shares Common stock directly owned after reported sales

Sale tranche at $291.837 214 shares at $291.837/share Open-market sale of common stock

Sale tranche at $291.067 886 shares at $291.067/share Open-market sale of common stock

Largest sale tranche 2,100 shares at $290.032/share Open-market sale of common stock

Price range low $284.44/share Lower end of weighted average sale price range

Price range high $291.86/share Upper end of weighted average sale price range

Key Terms

Rule 10b5-1 trading plan, open-market sale, weighted average sale price, Common Stock, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The sales reported on this Form 4 were effected 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.

open-market sale financial

"transaction_action: "open-market sale" for each common stock transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average sale price financial

"This sale price represents the weighted average sale price of the shares sold"

Common Stock financial

"security_title: "Common Stock" for each reported transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did Palo Alto Networks (PANW) report for its CFO?

Palo Alto Networks reported that EVP and CFO Dipak Golechha sold 5,000 shares of common stock. The transactions were open-market sales executed on June 23, 2026, and were made under a pre-arranged Rule 10b5-1 trading plan.

How many Palo Alto Networks (PANW) shares does CFO Dipak Golechha hold after the sale?

After the reported sales, CFO Dipak Golechha directly holds 145,250 shares of Palo Alto Networks common stock. This figure comes from the Form 4 disclosure and shows he continues to maintain a significant personal stake in the company.

At what prices were the Palo Alto Networks (PANW) CFO’s shares sold?

The CFO’s 5,000 shares were sold at weighted average prices ranging from about $284.44 to $291.86 per share. Individual transaction prices included $284.80, $286.675, $288.957, $290.032, $291.067, and $291.837 per share.

Was the Palo Alto Networks (PANW) CFO’s stock sale made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Dipak Golechha on December 5, 2025. Such pre-set plans automate trading and reduce the significance of timing decisions.

How large was the Palo Alto Networks (PANW) CFO’s sale compared to the reported total shares he owns?

The CFO sold 5,000 shares and reported owning 145,250 shares directly afterward. This means the disclosed sale represents only a small portion of his reported holdings, while he continues to hold a much larger remaining stake.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/24/2026 - 05:00 PM EDT Learn about SEC filing dates

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).

X

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)
06/23/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/23/2026		S(1)		300	D	$284.8(2)	149,950	D
Common Stock	06/23/2026		S(1)		200	D	$286.675(3)	149,750	D
Common Stock	06/23/2026		S(1)		1,300	D	$288.957(4)	148,450	D
Common Stock	06/23/2026		S(1)		2,100	D	$290.032(5)	146,350	D
Common Stock	06/23/2026		S(1)		886	D	$291.067(6)	145,464	D
Common Stock	06/23/2026		S(1)		214	D	$291.837(7)	145,250	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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 December 5, 2025.

2. This sale price represents the weighted average sale price of the shares sold ranging from $284.44 to $285.27 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 $286.45 to $286.90 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 $288.41 to $289.30 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 $289.54 to $290.46 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 $290.55 to $291.48 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 $291.83 to $291.86 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	06/24/2026
	** 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)