Palo Alto Networks director's trust sells 260 shares

After the transaction, the trust held 4,677 shares indirectly, and the director held 1,644 shares directly.

Rhea-AI Filing Summary

Palo Alto Networks Inc (PANW) director Aparna Bawa reported that The Bawa Family Trust, for which she and her spouse serve as trustees, sold 260 common shares on September 24, 2026, at $392.6850 per share. The trust held 4,677 shares indirectly after the sale; Aparna Bawa directly held 1,644 shares. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Seller: 260 shares

Net Sell 2 txns

Insider Bawa Aparna

Role Director

Sold 260 shs ($102K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1	260	$392.685	$102K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 4,677 shares (Indirect, See footnote); Common Stock — 1,644 shares (Direct)

Footnotes (1)

1. F1. Shares are held by The Bawa Family Trust, for which the Reporting Person and her spouse serve as trustees.

Key Figures

Shares sold: 260 shares Sale price: $392.6850 per share Indirect shares held after transaction: 4,677 shares +1 more

4 metrics

Shares sold 260 shares The Bawa Family Trust transaction on September 24, 2026

Sale price $392.6850 per share The Bawa Family Trust transaction on September 24, 2026

Indirect shares held after transaction 4,677 shares The Bawa Family Trust on September 24, 2026

Direct shares held 1,644 shares Aparna Bawa on September 24, 2026

FAQ

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

How many PANW shares did The Bawa Family Trust sell, and at what price?

The Bawa Family Trust sold 260 Palo Alto Networks common shares at $392.6850 per share on September 24, 2026. Aparna Bawa and her spouse serve as the trust's trustees.

How many PANW shares did the trust hold after the sale?

The Bawa Family Trust held 4,677 shares indirectly after the sale; director Aparna Bawa also reported 1,644 shares held directly.

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

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

Bawa Aparna

(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)
09/24/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/24/2026		S		260	D	$392.685	4,677	I	See footnote(1)
Common Stock								1,644	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. Shares are held by The Bawa Family Trust, for which the Reporting Person and her spouse serve as trustees.

	/s/ Elizabeth Villalobos, Attorney-in-Fact for Aparna Bawa	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)