Palo Alto Networks (PANW) CAO sells 900 shares in plan trade

Rhea-AI Filing Summary

Palo Alto Networks Inc (PANW) reported that Chief Accounting Officer Josh D. Paul sold 900 shares of common stock on August 25, 2026 in an open-market transaction at a price of $353.77 per share. Following this sale, he directly holds 73,354 shares of Palo Alto Networks common stock. The transaction was effected under a Rule 10b5-1 trading plan adopted on September 17, 2025.

Insider Trade Summary 10b5-1

Net Seller: 900 shares

Net Sell 1 txn

Insider Paul Josh D.

Role Chief Accounting Officer

Sold 900 shs ($318K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1	900	$353.77	$318K

Holdings After Transaction: Common Stock — 73,354 shares (Direct)

Footnotes (1)

1. F1. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 17, 2025.

Key Figures

Shares sold: 900 shares of Common Stock Sale price per share: $353.77 per share Shares held after transaction: 73,354 shares of Common Stock

3 metrics

Shares sold 900 shares of Common Stock Sale transaction on August 25, 2026

Sale price per share $353.77 per share Open-market sale of 900 shares on August 25, 2026

Shares held after transaction 73,354 shares of Common Stock Direct holdings of Josh D. Paul following the sale

Key Terms

Rule 10b5-1 trading plan, Form 4, open market or private transaction

3 terms

Rule 10b5-1 trading plan regulatory

"The sale reported on this Form 4 was 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.

Form 4 regulatory

"The sale reported on this Form 4 was 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.

open market or private transaction financial

"transaction_code_description: Sale in open market or private transaction"

FAQ

What insider transaction did PANW disclose for Josh D. Paul?

PANW disclosed that Chief Accounting Officer Josh D. Paul sold 900 shares of Palo Alto Networks common stock on August 25, 2026 in an open-market transaction at a price of $353.77 per share.

How many Palo Alto Networks (PANW) shares did Josh D. Paul sell and at what price?

Josh D. Paul sold 900 shares of Palo Alto Networks common stock at a price of $353.77 per share in a transaction dated August 25, 2026.

How many PANW shares does Josh D. Paul hold after this Form 4 transaction?

After the reported sale, Chief Accounting Officer Josh D. Paul directly holds 73,354 shares of Palo Alto Networks common stock, as stated in the Form 4 filing.

Was the PANW insider sale by Josh D. Paul under a Rule 10b5-1 plan?

Yes. The Form 4 states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Josh D. Paul on September 17, 2025.

What is the role of the reporting person in the PANW Form 4 filing?

The reporting person, Josh D. Paul, serves as the Chief Accounting Officer of Palo Alto Networks Inc, according to the Form 4.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/27/2026 - 04:31 PM Accepted by SEC EDGAR 08/27/2026 - 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).

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^*

Paul Josh D.

(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)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2026

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	08/25/2026		S(1)		900	D	$353.77	73,354	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 sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 17, 2025.

	/s/ Elizabeth Villalobos, Attorney-in-Fact for Josh D. Paul	08/27/2026
	** 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)