Palo Alto Networks director trust sells 20,000 shares
Palo Alto Networks director James J. Goetz reported that his family trust sold a total of 20,000 shares of Palo Alto Networks common stock in open-market transactions on June 12, 2026.
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Form Type
4
Rhea-AI Filing Summary
Palo Alto Networks director James J. Goetz reported that his family trust sold a total of 20,000 shares of Palo Alto Networks common stock in open-market transactions on June 12, 2026.
The sales occurred at weighted average prices within ranges from $277.40 to $281.85 per share. After these transactions, the family trust held 38,600 shares, while Goetz also held 314,580 shares directly. Footnotes state he may be deemed to beneficially own the trust shares but disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary
Net Seller: 20,000 shares
Net Sell
6 txns
Insider
GOETZ JAMES J
Role
Director
Sold
20,000 shs ($5.60M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,400 | $277.8856 | $389K |
| Sale | Common Stock | 4,800 | $278.8874 | $1.34M |
| Sale | Common Stock | 7,114 | $279.8804 | $1.99M |
| Sale | Common Stock | 5,193 | $280.8876 | $1.46M |
| Sale | Common Stock | 1,493 | $281.6429 | $420K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,000 shares (Indirect, By family trust);
Common Stock — 314,580 shares (Direct)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.40 to $278.38, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2), (3), (4) and (5) to this Form 4.
- F2. The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $278.40 to $279.28, inclusive.
- F3. The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $279.40 to $280.39, inclusive.
- F4. The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $280.415 to $281.41, inclusive.
- F5. The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $281.42 to $281.85, inclusive.
- F6. 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
Shares sold by family trust: 20,000 shares
Sale price range (low): $277.40/share
Sale price range (high): $281.85/share
+2 more
5 metrics
Shares sold by family trust
20,000 shares
Open-market sales on June 12, 2026
Sale price range (low)
$277.40/share
Weighted average price range from footnote
Sale price range (high)
$281.85/share
Weighted average price range from footnote
Direct holdings after transactions
314,580 shares
Common stock held directly following reported transactions
Family trust holdings after sales
38,600 shares
Common stock held indirectly by family trust
Key Terms
weighted average price, open-market sale, beneficial ownership, family trust, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
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.
beneficial ownership financial
"The Reporting Person may be deemed to beneficially own the shares held by his family trust."
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.
family trust financial
"Shares held by the Reporting Person's family trust."
Section 16 regulatory
"for purposes of Section 16 or for any other purpose."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PANW director James J. Goetz report?
James J. Goetz reported that his family trust sold 20,000 shares of Palo Alto Networks common stock. The transactions were open-market sales executed on June 12, 2026, and are disclosed as part of his Form 4 insider ownership reporting obligations.
Were the PANW insider sales reported as open-market transactions?
Yes. The Form 4 identifies the 20,000 Palo Alto Networks shares as sold in open-market or private sale transactions. Each line item is coded as an "S" transaction, which represents sales, with weighted average sale prices disclosed in detailed accompanying footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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