Palo Alto Networks (PANW) Form 4 Filings

Palo Alto Networks Inc Chief Accounting Officer Josh D. Paul reported an award of 26,421 performance-based restricted stock units, originally granted August 21, 2023. On November 1, 2026, the Compensation and People Committee certified achievement of the PSU performance conditions. The issuer withheld 13,100 shares to satisfy tax withholding requirements on vesting, at a reported price of $365.87 per share.

Palo Alto Networks Inc. EVP Lee Klarich reported acquiring 198,152 shares tied to performance-based restricted stock units granted August 21, 2023; the Compensation and People Committee certified the performance conditions effective November 1, 2026. On November 1, 2026, 98,245 shares were withheld by the issuer for tax withholding on PSU vesting, at a reported $365.87 per share. A separate holding entry lists 555,070 common shares held by the Lee and Susan Klarich 2005 Trust, whose trustees are Klarich and his spouse.

Palo Alto Networks President William D. Jenkins Jr. reported selling 18,222 common shares on November 2, 2026, across 16 transactions; reported prices included $351.4572 and $366.8600 per share. The sales were made under a Rule 10b5-1 trading plan adopted June 28, 2026. On November 1, he reported acquiring 264,195 shares, including performance-based restricted stock units whose performance conditions were certified that day and shares acquired through the Employee Stock Purchase Plan. The issuer withheld 139,000 shares for tax withholding on PSU vesting.

Palo Alto Networks’ EVP and Chief Financial Officer Dipak Golechha reported that performance conditions for restricted stock units were certified effective November 1, 2026. He acquired 132,101 common shares, and the issuer withheld 69,389 shares for tax withholding on vesting. He also deferred 132,093 shares into phantom stock under the Deferred Compensation Plan; each phantom share represents a right to receive one common share. His phantom stock position following the transaction was 272,503 shares.

Palo Alto Networks Inc CEO Nikesh Arora acquired 1,056,783 shares of Phantom Stock on November 1, 2026, after performance conditions for an award of performance-based restricted stock units originally granted August 21, 2023, were certified. Arora elected to defer the shares under the company's Deferred Compensation Plan. His reported direct Phantom Stock position after the award was 3,150,152 shares.

Nikesh Arora reported disposition transactions in this Form 4 filing. Palo Alto Networks Inc. Chief Executive Officer Nikesh Arora reported entering a prepaid variable share forward contract on October 12, 2026, involving common stock held in the Aurora Trust, where he serves as trustee. He received an upfront payment of approximately $147.3 million for agreeing to deliver up to 500,000 shares, or equivalent cash if he elects cash settlement. Settlement is expected in October 2029; the share calculation uses a $342.38 floor and a $755.25 cap. Arora retains beneficial ownership and voting rights in the pledged shares unless he physically settles or a default or termination event occurs. The reported post-transaction position was 2,093,369 shares.

Palo Alto Networks Inc director Aparna Bawa reported two sales of Common Stock held by The Bawa Family Trust on October 9, 2026: 170 shares at $410 per share and 80 shares at $417.125 per share. Bawa and her spouse serve as trustees of the trust. The sales were not reported as made under a Rule 10b5-1 plan. Separately, Bawa reported 1,644 shares held directly after the transactions.

At Palo Alto Networks Inc (PANW), the Lee and Susan Klarich 2005 Trust made a reported bona fide gift disposition of 60,000 common shares on October 8, 2026. Lee Klarich, the company's EVP Chief Product & Tech Ofcr and a director, and his spouse Susan Klarich serve as trustees. After the transfer, the trust held 555,070 shares indirectly; Lee Klarich reported 235,983 shares held directly.

Palo Alto Networks Inc Chief Accounting Officer Josh D. Paul reported two common-stock transactions on October 1, 2026. The issuer withheld 1,308 shares, reported at $397.31 per share, for income tax and withholding and remittance obligations tied to vesting and net settlement of previously reported restricted stock units. Paul also sold 400 shares at $395.70 per share under a Rule 10b5-1 trading plan adopted September 17, 2025.

Palo Alto Networks Inc (PANW) director and EVP Chief Product & Tech Ofcr Lee Klarich reported a gift disposition of 25,000 shares by the Lee and Susan Klarich 2005 Trust on September 30, 2026. Lee Klarich and his spouse, Susan Klarich, serve as the trust’s trustees. The trust held 615,070 shares after the transaction.

Palo Alto Networks Inc (PANW) EVP and CFO Dipak Golechha reported direct sales of 27,500 common shares on September 24, 2026. Reported per-share prices ranged from $388.688 to $396.210; seven of the eight entries are described as weighted-average sale prices over specified price ranges. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted June 25, 2026.

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.

Palo Alto Networks Inc (symbol: PANW) is the issuer of record for a Form 4 filing submitted to the SEC. Paul Josh D. reported acquisition or exercise transactions in this Form 4 filing.

Palo Alto Networks Inc (PANW) reported that Chief Accounting Officer Josh D. Paul received an equity award of 7,211 shares of common stock, represented by Restricted Stock Units. The award was granted at no cash purchase price and increases his directly held stake to 79,695 shares.

According to the vesting terms, one-third of the 7,211 RSUs will vest on August 1 of 2027, 2028, and 2029, provided he continues to serve as a Service Provider on each vesting date. No transactions were reported under a Rule 10b5-1 trading plan.

Palo Alto Networks Inc (PANW) reported that director James J. Goetz’s family trust sold a total of 20,000 shares of Common Stock on September 17, 2026 in multiple open-market transactions, at weighted average prices ranging from about $372.07 to $382.95 per share. The sales are reported as indirect ownership by a family trust, and Goetz disclaims beneficial ownership of those trust-held shares except to the extent of his pecuniary interest. Separately, he is shown as directly holding 314,580 shares of Palo Alto Networks common stock after these reported transactions, and no Rule 10b5-1 trading plan is reported.

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.

Palo Alto Networks Inc (PANW) director Aparna Bawa reported indirect sales of company Common Stock held by The Bawa Family Trust, for which she and her spouse serve as trustees. The trust sold 1,000 shares on September 14, 2026 and 500 shares on September 15, 2026 in open-market or private transactions. Separately, Bawa is reported to hold 1,644 shares of Palo Alto Networks Common Stock directly as of September 14, 2026. No Rule 10b5-1 trading plan is reported for these transactions.

Palo Alto Networks Inc (PANW) reported that director Helle Thorning-Schmidt had 211 shares of common stock withheld by the company on September 1, 2026 to satisfy income tax and withholding obligations arising from the vesting and net settlement of Restricted Stock Units. After this tax-withholding disposition, she holds 5,687 shares of common stock directly. This is explicitly described as not a sale of shares by the reporting person.

Palo Alto Networks Inc (PANW) reported that Chief Accounting Officer Josh D. Paul sold 900 shares of common stock on September 1, 2026 at $373.68 per share in an open-market transaction. The sale was made under a Rule 10b5-1 trading plan adopted on September 17, 2025, and Paul now holds 72,484 shares directly, including shares acquired through the Employee Stock Purchase Plan.

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.

Palo Alto Networks Inc (PANW) reported that Chief Accounting Officer Josh D. Paul had 1,529 shares of common stock withheld on 2026-08-21 at $349.56 per share. The company states this was to satisfy income-tax withholding obligations upon vesting and net settlement of previously reported restricted stock units, not an open-market sale. After this withholding, Paul directly holds 74,254 shares of Palo Alto Networks common stock.

Palo Alto Networks Chief Accounting Officer Josh D. Paul reported a tax-withholding disposition involving 3,861 shares of common stock on August 1, 2026. The shares were withheld by the company to satisfy income tax obligations from the vesting and net settlement of previously granted restricted stock units, not sold on the market. After this transaction, Paul directly holds 75,783 shares of Palo Alto Networks common stock.

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.

Palo Alto Networks CEO Nikesh Arora reported an internal reallocation of 865,090 shares of phantom stock under the company’s Deferred Compensation Plan. Each phantom share represents the right to receive one share of common stock.

The filing clarifies this is not an open market sale but a discretionary transaction permitted under Rule 16b-3(f). Distributions of the related common stock are scheduled in tranches around February 2028 and February 2036. After this change, Arora continues to hold a large equity stake, including the phantom stock in the plan and 726,542 shares of common stock.

Palo Alto Networks Chief Accounting Officer Josh D. Paul reported an open-market sale of 900 shares of common stock at about $345 per share. A separate 1,092-share disposition reflects shares withheld by the company to cover income tax obligations on vested restricted stock units, not a market sale. The open-market sale was executed under a pre-arranged Rule 10b5-1 trading plan, and he continues to hold a meaningful direct equity position after these transactions.

Palo Alto Networks director Aparna Bawa reported open-market sales of company stock. Shares held by The Bawa Family Trust, for which she and her spouse serve as trustees, sold a total of 922 common shares on June 29 and July 1 at prices between $309.83 and $348.74 per share. After these transactions, she holds 6,437 shares indirectly through the trust and 1,644 shares directly.

Palo Alto Networks EVP and CFO Dipak Golechha sold 5,000 shares of common stock in open-market transactions under a pre-set Rule 10b5-1 trading plan. The sales on June 23, 2026 were executed at weighted average prices generally between about $284 and $292 per share.

Following these transactions, he directly holds 145,250 shares of Palo Alto Networks common stock, indicating he retains a substantial equity position in the company.

Palo Alto Networks director Aparna Bawa reported an open-market sale of company stock through an associated trust. The Bawa Family Trust sold 345 shares of common stock at a weighted average price of about $290.171 per share. After this transaction, the trust holds 7,359 shares of Palo Alto Networks stock, while Bawa also holds 1,644 shares directly. The sale price reflects multiple trades between $290.005 and $290.24 per share.

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.

Palo Alto Networks director Aparna Bawa reported open-market sales of 1,468 shares of common stock through The Bawa Family Trust over June 10–12, 2026, at prices between $265 and $280 per share. After these sales, she reports 7,704 indirect and 1,644 direct shares of common stock.

Palo Alto Networks Inc director John P. Key reported an open-market sale of 7,500 shares of Common Stock. The shares were sold at an average price of $279.24 per share. After this transaction, he directly holds 12,500 shares of Palo Alto Networks Common Stock.

Palo Alto Networks President William D. Jenkins Jr. reported a discretionary transaction involving 69,499 shares of phantom stock under the company’s Deferred Compensation Plan (DCP). Each phantom share represents the right to receive one share of Palo Alto Networks common stock.

The filing describes this as an election to diversify his holdings within the DCP, which is permitted by the plan and exempt as a discretionary transaction under Rule 16b-3(f), rather than an open-market stock trade. Following the transaction, Jenkins holds 213,568 shares of phantom stock tied to future distributions in Palo Alto Networks common stock.

Palo Alto Networks Inc Chief Accounting Officer Josh D. Paul reported an open-market sale of company common stock. On June 1, 2026, he sold 1,100 shares of common stock at a price of $285.08 per share. After this transaction, he directly holds 81,636 shares of Palo Alto Networks common stock. The filing notes that this sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on September 17, 2025.

Palo Alto Networks director Helle Thorning-Schmidt reported a routine tax-related share disposition. On June 1, 2026, 211 shares of Common Stock were withheld by the company at $281.69 per share to cover income tax obligations tied to the vesting and net settlement of Restricted Stock Units.

The filing clarifies this was not an open-market sale but a tax-withholding mechanism. After this transaction, Thorning-Schmidt directly holds 6,598 shares of Palo Alto Networks common stock.

Palo Alto Networks EVP Chief Product & Tech Officer Lee Klarich sold 62,904 shares of common stock on May 22, 2026 through multiple open-market trades priced around $250–$261 per share under a Rule 10b5-1 trading plan. Following these sales, he holds 235,983 shares directly and 640,070 shares indirectly through the Lee and Susan Klarich 2005 Trust.

Palo Alto Networks Inc Chief Accounting Officer Josh D. Paul sold 400 shares of Common Stock in an open‑market transaction on May 20, 2026 at $236.95 per share. The sale was executed under a pre‑arranged Rule 10b5‑1 trading plan. After this trade, he directly holds 82,736 shares, so the transaction represents only a small portion of his overall stake.

Palo Alto Networks director James J. Goetz filed an amended insider report to correct an administrative error in the number of common shares shown as beneficially owned after previously reported sale transactions. The amendment reflects 314,580 common shares held directly, plus 40,000 and 54,184 common shares held by his family trusts. The filing notes he may be deemed to beneficially own the trust-held shares but disclaims beneficial ownership except to the extent of his pecuniary interest.

Palo Alto Networks director Aparna Bawa reported a small equity award and updated share holdings. She received 24 shares of common stock as a grant or award at $0.00 per share, bringing her direct holdings to 2,184 shares.

The filing also notes 8,632 common shares held indirectly by The Bawa Family Trust, for which Bawa and her spouse serve as trustees. The reported securities were acquired as merger consideration in Palo Alto Networks’ acquisition of CyberArk Software Ltd. This Form 4 reflects routine compensation and ownership reporting, with no open‑market buying or selling.

Palo Alto Networks director John P. Key reported an open-market sale of Common Stock. On April 8, 2026, he sold 1,572 shares at $173.32 per share. After this transaction, he continues to hold 20,000 shares directly, indicating he retains a substantial position in the company.

Palo Alto Networks Inc Chief Accounting Officer Josh D. Paul reported two share-related transactions in company common stock. On April 1, 2026, 947 shares were withheld by the company at $160.32 per share to cover income tax obligations on vesting restricted stock units, which is not a market sale.

On the same date, he sold 1,100 shares in an open-market transaction at $161.40 per share under a pre-arranged Rule 10b5-1 trading plan adopted on September 17, 2025. After these transactions, he directly holds 83,136 shares of Palo Alto Networks common stock.

Palo Alto Networks executive vice president and chief financial officer Dipak Golechha sold a total of 5,000 shares of common stock in open-market transactions. The sales on April 1, 2026 occurred at prices of $157.81, $160.04, and $160.70 per share. After these trades, he directly owns 150,250 shares of Palo Alto Networks common stock. The filing notes that the transactions were executed under a pre-arranged Rule 10b5-1 trading plan, which generally indicates the sales were scheduled in advance rather than timed in response to immediate market events.

Palo Alto Networks Chief Executive Officer Nikesh Arora reported open‑market purchases of 68,085 shares of Common Stock on March 27, 2026. The purchases were executed in two trades of 67,985 shares at $146.874 per share and 100 shares at $147.480 per share.

Following these transactions, Arora directly holds 343,394 shares. He also has indirect ownership of 32,010 shares held by Bacchey Investments L.P., for which he serves as manager of the general partner’s LLC and trustee of its sole member trust, and 726,542 shares held by the Nikesh Arora 2025 Annuity Trust, where he is trustee. Some of the reported holdings include shares previously acquired through the company’s Employee Stock Purchase Plan.

Paul Josh D. reported acquisition or exercise transactions in this Form 4 filing.

Palo Alto Networks Inc reported that Chief Accounting Officer Josh D. Paul received a grant of 26,369 shares of common stock in the form of restricted stock units. This is a compensation-related award at a price of $0.00 per share, not an open-market purchase.

The RSUs will vest in equal quarterly installments over a two-and-a-half-year period, as long as he continues in service on each vesting date. Following this grant, Paul directly holds 85,183 shares of Palo Alto Networks common stock, showing an increased equity stake tied to ongoing employment.

Palo Alto Networks director James J. Goetz reported indirect open-market sales of 22,684 shares of common stock on March 6, 2026 through his family trust. The shares were sold at weighted-average prices of $163.83 and $164.76, in multiple trades between $163.27 and $165.19 per share.

After these transactions, the family trust held 52,500 shares indirectly, while Goetz also held 314,580 shares directly. He disclaims beneficial ownership of the trust’s shares except to the extent of his pecuniary interest, so these sales cover only a portion of his overall economic exposure to Palo Alto Networks.

Palo Alto Networks Chief Accounting Officer Josh D. Paul reported an open-market sale of 1,700 shares of common stock at a price of $147.90 per share. After this planned transaction, he continued to hold 58,814 shares, which include stock acquired through the company’s Employee Stock Purchase Plan.

The sale was executed under a Rule 10b5-1 trading plan that he adopted on September 17, 2025, indicating the sale was pre-arranged rather than a discretionary market-timing decision. This filing simply records the insider’s programmed share sale and updated ownership position.

Palo Alto Networks Inc director Helle Thorning-Schmidt reported a tax-related share disposition. On March 1, 2026, 345 shares of common stock at $148.92 per share were withheld by the company to cover income tax obligations from vested restricted stock units, leaving her with 6,809 shares held directly.

Klarich Lee reported acquisition or exercise transactions in a Form 4 filing for PANW. The filing lists transactions totaling 70 shares. Following the reported transactions, holdings were 640,070 shares.

Palo Alto Networks Inc. chief executive Nikesh Arora reported receiving 165 shares of common stock on February 12, 2026, recorded as an acquisition at a price of $0.00 per share. The filing states these securities were received as merger consideration in Palo Alto Networks’ acquisition of CyberArk Software Ltd.

Following this grant, Arora directly beneficially owned 275,178 shares of Palo Alto Networks common stock. He also had indirect beneficial ownership of 32,010 shares held by Bacchey Investments L.P. and 726,542 shares held by the Nikesh Arora 2025 Annuity Trust, both entities for which he serves in managerial or trustee roles.

Palo Alto Networks Chief Accounting Officer Josh D. Paul received an equity award in the form of restricted stock units. On 08/19/2025, he was granted 14,393 shares of common stock at a price of $0.00 per share, reported as an acquisition.

Each share is represented by a restricted stock unit that will vest in three equal installments on August 1 of 2026, 2027, and 2028, as long as he continues to be a service provider through each vesting date. Following this grant, he beneficially owned 60,398 shares of common stock, held directly.

Palo Alto Networks Inc. executive and director Lee Klarich reported stock option exercises and share sales. On January 8, 2026, he exercised a stock option for 92,010 shares of common stock at an exercise price of $32.25 per share, converting the option into directly held stock.

On the same date, he sold 12,620, 46,192, 54,882, 6,707 and 367 Palo Alto Networks shares in multiple transactions at weighted average prices between about $189.603 and $193.161 per share, under a Rule 10b5-1 trading plan adopted on September 27, 2024. After these trades, he directly owned 298,887 common shares and indirectly held 640,000 shares through the Lee and Susan Klarich 2005 Trust, where he and his spouse serve as trustees.