Palo Alto Networks director sells 2,500 shares

A Palo Alto Networks director sold 2,500 PANW shares and now directly holds 10,000 shares, with no Rule 10b5-1 trading plan reported.

Rhea-AI Filing Summary

Palo Alto Networks Inc (PANW) director John P. Key reported selling 2,500 shares of common stock on September 14, 2026 in a sale described as occurring in the open market or a private transaction at an average price of $376.03 per share. After this transaction, he directly holds 10,000 shares of Palo Alto Networks common stock. The filing indicates that no Rule 10b5-1 trading plan is reported for this sale.

Insider Trade Summary

Net Seller: 2,500 shares

Net Sell 1 txn

Insider Key John P.

Role Director

Sold 2,500 shs ($940K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,500	$376.03	$940K

Holdings After Transaction: Common Stock — 10,000 shares (Direct)

Key Figures

Shares sold: 2,500 shares Sale price per share: $376.03 per share Shares held after transaction: 10,000 shares

3 metrics

Shares sold 2,500 shares Common stock sale reported for September 14, 2026

Sale price per share $376.03 per share Average price for the 2,500 shares sold on September 14, 2026

Shares held after transaction 10,000 shares Direct holdings of John P. Key after the reported sale

Key Terms

open market or private transaction, Rule 10b5-1 trading plan, directly holds

3 terms

open market or private transaction financial

"Sale in open market or private transaction"

Rule 10b5-1 trading plan regulatory

"The filing indicates that no Rule 10b5-1 trading plan is reported for this sale."

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.

directly holds financial

"After this transaction, he directly holds 10,000 shares of Palo Alto Networks common stock."

FAQ

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

What insider transaction did PANW director John P. Key report?

John P. Key reported a sale of 2,500 shares of Palo Alto Networks common stock on September 14, 2026 in a transaction described as occurring in the open market or a private transaction.

At what price were the PANW shares sold in this Form 4 filing?

The filing reports that the 2,500 shares of Palo Alto Networks common stock were sold at an average price of $376.03 per share on September 14, 2026.

How many PANW shares does John P. Key hold after this transaction?

After the reported sale, John P. Key directly holds 10,000 shares of Palo Alto Networks common stock, according to the Form 4 filing.

Was the PANW insider sale made under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 trading plan is reported for this sale by John P. Key.

What type of transaction was reported in the PANW Form 4?

The Form 4 reports a sale of common stock described as occurring in the open market or a private transaction, involving 2,500 shares of Palo Alto Networks common stock.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/16/2026 - 04:31 PM Accepted by SEC EDGAR 09/16/2026 - 04:30 PM 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).

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^*

Key John P.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026

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	09/14/2026		S		2,500	D	$376.03	10,000	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:

	/s/ Elizabeth Villalobos, Attorney-in-Fact for John P. Key	09/16/2026
	** 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)