Palo Alto Networks (PANW) director logs open-market sale of 700 shares

Rhea-AI Filing Summary

Palo Alto Networks Inc director Helle Thorning-Schmidt reported an open-market sale of 700 shares of Common Stock at $346.85 per share. After this transaction, she directly holds 5,898 shares. This filing reflects a single discretionary sale rather than a grant, option exercise, or tax-related transaction.

Insights

Equity compensation and insider-trading analyst

Director executed a modest open-market share sale, leaving a continued equity stake.

Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks Inc Common Stock in an open-market transaction at $346.85 per share. The transaction is coded as a straightforward sale, with no associated option exercise or derivative conversion.

Following the sale, the director continues to hold 5,898 shares directly, indicating she maintains an ongoing equity position. With only one sale reported and no derivatives listed in this filing, the activity appears routine based on the disclosed figures, without additional context such as a trading plan in the provided data.

Insider Trade Summary

Net Seller: 700 shares

Net Sell 1 txn

Insider Thorning-Schmidt Helle

Role Director

Sold 700 shs ($243K)

Type	Security	Shares	Price	Value
Sale	Common Stock	700	$346.85	$243K

Holdings After Transaction: Common Stock — 5,898 shares (Direct)

Key Figures

Shares sold: 700 shares Sale price per share: $346.85 per share Shares owned after transaction: 5,898 shares +1 more

4 metrics

Shares sold 700 shares Open-market sale of Common Stock

Sale price per share $346.85 per share Price reported for 700-share sale

Shares owned after transaction 5,898 shares Director’s direct holdings after sale

Net buy/sell shares -700 shares Net share change in this Form 4

Key Terms

Common Stock, open-market sale, transaction code "S"

3 terms

Common Stock financial

"security_title: "Common Stock""

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.

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.

transaction code "S" financial

"transaction_code_description: "Sale in open market or private transaction""

FAQ

What insider transaction did PANW director Helle Thorning-Schmidt report?

Helle Thorning-Schmidt reported a sale of 700 Common Stock shares of Palo Alto Networks Inc. The transaction was an open-market sale at a stated price of $346.85 per share, according to the Form 4 data.

At what price did the PANW director sell her shares?

The director sold 700 shares of Palo Alto Networks Common Stock at a price of $346.85 per share. This price reflects the transaction value disclosed in the Form 4 insider trading report for the specified sale date.

How many Palo Alto Networks (PANW) shares does the director hold after the sale?

After the reported sale, Helle Thorning-Schmidt directly holds 5,898 shares of Palo Alto Networks Common Stock. This post-transaction share count is disclosed in the Form 4 as the total shares beneficially owned following the transaction.

Was the PANW director’s transaction an open-market purchase or sale?

The Form 4 shows an open-market sale by the director, not a purchase. The transaction code is “S,” described as a sale in open market or private transaction, with no indication of an associated option exercise in this filing.

Does the Form 4 show any option exercises or derivative positions for PANW?

The provided Form 4 data shows no derivative transactions or option exercises. The derivative summary is empty, and the sole reported activity is a non-derivative open-market sale of 700 shares of Palo Alto Networks Common Stock.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/08/2026 - 05:00 PM Accepted by SEC EDGAR 07/08/2026 - 05:00 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^*

Thorning-Schmidt Helle

(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)
07/07/2026

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	07/07/2026		S		700	D	$346.85	5,898	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 Helle Thorning-Schmidt	07/08/2026
	** 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)