SEC Form 4
Palo Alto Networks, Inc. (PANW) insider trading
In the 12 months to Oct 23, 2026, 8 PANW insiders reported open-market sales of $133.4M across 35 filings; one chief executive officer bought $14.7K.
Latest filing · Last 12 months · Source: SEC EDGAR · How we count
- Open-market sales
- $133.4M
- 35 filings · 8 insiders
- Open-market purchases
- $14.7K
- 1 filing · Nikesh Arora, Chief Executive Officer
- Pre-arranged sales (10b5-1)
- 20 of 35
- $106.4M of $133.4M sold (80%)
Who traded PANW, and when
- Purchase
- Sale
- Sale, pre-arranged (10b5-1)
PANW daily close from Oct 23, 2025 to Oct 22, 2026, between $141.67 and $419.91, last $354.92. 35 sale and 1 purchase filings by 9 insiders, marked at their filing dates. Lee Klarich, EVP Chief Product & Tech Ofcr: sold $88.8M across 4 filings, first filed Nov 4, 2025, last May 27, 2026. James J. Goetz, Director: sold $21.7M across 4 filings, first filed Dec 10, 2025, last Sep 21, 2026. Dipak Golechha, EVP, Chief Financial Officer: sold $14.0M across 4 filings, first filed Dec 29, 2025, last Sep 28, 2026. John P. Key, Director: sold $3.3M across 3 filings, first filed Apr 10, 2026, last Sep 16, 2026. Josh D. Paul, Chief Accounting Officer: sold $2.4M across 11 filings, first filed Nov 4, 2025, last Oct 5, 2026. Aparna Bawa, Director: sold $1.6M across 6 filings, first filed Jun 12, 2026, last Oct 9, 2026. Nikesh Arora, Chief Executive Officer: bought $14.7K across 1 filing, first filed Mar 27, 2026, last Mar 27, 2026. 2 others: sold $1.6M across 3 filings, first filed Dec 29, 2025, last Jul 8, 2026.
Largest mark · tap a row for others
Lee Klarich · EVP Chief Product & Tech Ofcr
Sale $26,321,980
120,774 shares at $217.94 avg
Filed Nov 4, 2025 · traded Nov 3
Pre-arranged (10b5-1) · close on filing date $214.52
Lee Klarich · EVP Chief Product & Tech Ofcr
EVP Chief Product & Tech Ofcr
$88.8M soldJames J. Goetz · Director
Director
$21.7M soldDipak Golechha · EVP, Chief Financial Officer
EVP, Chief Financial Officer
$14.0M soldJohn P. Key · Director
Director
$3.3M soldJosh D. Paul · Chief Accounting Officer
Chief Accounting Officer
$2.4M soldAparna Bawa · Director
Director
$1.6M soldNikesh Arora · Chief Executive Officer
Chief Executive Officer
$14.7K bought2 others
Combined, one mark per week
$1.6M soldHas Palo Alto Networks, Inc.'s CEO sold stock?
No. Nikesh Arora (CEO) made no open-market sales filed as CEO in the last 12 months.
Open-market trades
36 filings in the last 12 months| Insider | Role | Sold | Bought | Filings | Pre-arranged (10b5-1) | Last filed |
|---|---|---|---|---|---|---|
| Lee Klarich | EVP Chief Product & Tech Ofcr | $88.8M | — | 4 | 100% of sales | |
| James J. Goetz | Director | $21.7M | — | 4 | — | |
| Dipak Golechha | EVP, Chief Financial Officer | $14.0M | — | 4 | 100% of sales | |
| John P. Key | Director | $3.3M | — | 3 | — | |
| Josh D. Paul | Chief Accounting Officer | $2.4M | — | 11 | 93% of sales | |
| Aparna Bawa | Director | $1.6M | — | 6 | — | |
| William D. Jenkins Jr. | President | $1.3M | — | 2 | 100% of sales | |
| Helle Thorning-Schmidt | Director | $242.8K | — | 1 | — | |
| Nikesh Arora | Chief Executive Officer | — | $14.7K | 1 | — |
| Filed | Insider | Type | Shares | Avg price | Value | Held after | Source |
|---|---|---|---|---|---|---|---|
traded | Aparna Bawa Director | Sale | 250 | $412.28 | $103.1K | 4,507 | |
traded | Josh D. Paul Chief Accounting Officer | SalePre-arranged (10b5-1) | 400 | $395.70 | $158.3K | 77,987 | |
traded | Aparna Bawa Director | Sale | 260 | $392.69 | $102.1K | 4,677 | |
traded | Dipak Golechha EVP, Chief Financial Officer | SalePre-arranged (10b5-1) | 27,500 | $391.60 | $10.8M | 120,950 | |
traded | James J. Goetz Director | Sale | 20,000 | $376.68 | $7.5M | 10,529 | |
traded | Aparna Bawa Director | Sale | 1,500 | $374.80 | $562.2K | 4,937 | |
traded | John P. Key Director | Sale | 2,500 | $376.03 | $940.1K | 10,000 | |
traded | Josh D. Paul Chief Accounting Officer | SalePre-arranged (10b5-1) | 900 | $373.68 | $336.3K | 72,484 | |
traded | Josh D. Paul Chief Accounting Officer | SalePre-arranged (10b5-1) | 900 | $353.77 | $318.4K | 73,354 | |
traded | Helle Thorning-Schmidt Director | Sale | 700 | $346.85 | $242.8K | 5,898 | |
traded | Aparna Bawa Director | Sale | 922 | $328.13 | $302.5K | 6,437 | |
traded | Josh D. Paul Chief Accounting Officer | SalePre-arranged (10b5-1) | 900 | $345.00 | $310.5K | 79,644 | |
traded | Dipak Golechha EVP, Chief Financial Officer | SalePre-arranged (10b5-1) | 5,000 | $289.56 | $1.4M | 149,750 | |
traded | Aparna Bawa Director | Sale | 345 | $290.17 | $100.1K | 7,359 | |
traded | James J. Goetz Director | Sale | 20,000 | $279.90 | $5.6M | 21,493 | |
traded | John P. Key Director | Sale | 7,500 | $279.24 | $2.1M | 12,500 | |
traded | Aparna Bawa Director | Sale | 1,468 | $272.37 | $399.8K | 7,704 | |
traded | Josh D. Paul Chief Accounting Officer | SalePre-arranged (10b5-1) | 1,100 | $285.08 | $313.6K | 81,636 | |
traded | Lee Klarich EVP Chief Product & Tech Ofcr | SalePre-arranged (10b5-1) | 62,904 | $258.65 | $16.3M | 253,771 | |
traded | Josh D. Paul Chief Accounting Officer | SalePre-arranged (10b5-1) | 400 | $236.95 | $94.8K | 82,736 | |
traded | John P. Key Director | Sale | 1,572 | $173.32 | $272.5K | 20,000 | |
traded | Dipak Golechha EVP, Chief Financial Officer | SalePre-arranged (10b5-1) | 5,000 | $160.42 | $802.1K | 153,750 | |
traded | Josh D. Paul Chief Accounting Officer | Sale | 1,100 | $161.40 | $177.5K | 83,136 | |
traded | Nikesh Arora Chief Executive Officer | Purchase | 100 | $147.48 | $14.7K | 343,394 | |
traded | James J. Goetz Director | Sale | 22,684 | $164.41 | $3.7M | 52,500 | |
traded | Josh D. Paul Chief Accounting Officer | SalePre-arranged (10b5-1) | 1,700 | $147.90 | $251.4K | 58,814 | |
traded | Lee Klarich EVP Chief Product & Tech Ofcr | SalePre-arranged (10b5-1) | 120,768 | $191.03 | $23.1M | 299,254 | |
traded | Josh D. Paul Chief Accounting Officer | SalePre-arranged (10b5-1) | 800 | $184.81 | $147.8K | 46,005 | |
traded | William D. Jenkins Jr. President | SalePre-arranged (10b5-1) | 904 | $184.81 | $167.1K | 148,217 | |
traded | William D. Jenkins Jr. President | SalePre-arranged (10b5-1) | 6,218 | $188.07 | $1.2M | 150,892 | |
traded | Dipak Golechha EVP, Chief Financial Officer | SalePre-arranged (10b5-1) | 5,000 | $188.18 | $940.9K | 155,119 | |
traded | James J. Goetz Director | Sale | 25,000 | $195.20 | $4.9M | 62,984 | |
traded | Lee Klarich EVP Chief Product & Tech Ofcr | SalePre-arranged (10b5-1) | 120,774 | $191.91 | $23.2M | 403,521 | |
traded | Josh D. Paul Chief Accounting Officer | SalePre-arranged (10b5-1) | 700 | $189.39 | $132.6K | 46,805 | |
traded | Lee Klarich EVP Chief Product & Tech Ofcr | SalePre-arranged (10b5-1) | 120,774 | $217.94 | $26.3M | 448,617 | |
traded | Josh D. Paul Chief Accounting Officer | SalePre-arranged (10b5-1) | 700 | $219.97 | $154.0K | 47,505 |
GET /stocks/filings/vX/form-4?tickers=PANW&filing_date.gte=2025-10-23&sort=filing_date.desc&limit=500{
"status": "OK",
"results": [
{
"tickers": [
"PANW"
],
"issuer_cik": "0001327567",
"owner_cik": "0001773301",
"accession_number": "0001193125-26-419277",
"form_type": "4",
"filing_date": "2026-10-09",
"period_of_report": "2026-10-09",
"issuer_name": "Palo Alto Networks Inc",
"issuer_trading_symbol": "PANW",
"owner_name": "Bawa Aparna",
"is_director": true,
"is_officer": false,
"is_ten_percent_owner": false,
"is_other": false,
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": false,
"transaction_date": "2026-10-09",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 80,
"transaction_price_per_share": 417.125,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 4427,
"transaction_value": 33370,
"direct_or_indirect": "I",
"nature_of_ownership": "See footnote",
"footnotes": [
{
"id": "F1",
"description": "Shares are held by The Bawa Family Trust, for which the Reporting Person and her spouse serve as trustees."
}
]
},
{
"tickers": [
"PANW"
],
"issuer_cik": "0001327567",
"owner_cik": "0001773301",
"accession_number": "0001193125-26-419277",
"form_type": "4",
"filing_date": "2026-10-09",
"period_of_report": "2026-10-09",
"issuer_name": "Palo Alto Networks Inc",
"issuer_trading_symbol": "PANW",
"owner_name": "Bawa Aparna",
"is_director": true,
"is_officer": false,
"is_ten_percent_owner": false,
"is_other": false,
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": false,
"transaction_date": "2026-10-09",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 170,
"transaction_price_per_share": 410,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 4507,
"transaction_value": 69700,
"direct_or_indirect": "I",
"nature_of_ownership": "See footnote",
"footnotes": [
{
"id": "F1",
"description": "Shares are held by The Bawa Family Trust, for which the Reporting Person and her spouse serve as trustees."
}
]
}
]
}
// trimmed to 2 resultsThe response includes every Form 4 record; this page keeps open-market purchases and sales on common stock and removes duplicate joint-filer rows.
Other insider activity (not market trades) · 41 records
- Option exercises3 records
- Tax withholding12 records
- Grants and awards19 records
- Gifts4 records
- Employee stock purchase plan1 record
- Other2 records
Reported on Form 4 but not purchases or sales in the market, so not counted in the totals above.
Build this yourself
This page joins two Massive endpoints: Form 4 filings and daily prices. Ask an agent to watch for new filings:
Using the Massive API (massive.com/docs/llms.txt), check Form 4 filings for PANW every day with transaction_code=P and tell me when an insider files an open-market purchase, with their role, shares, price and the filing link.
How to read this page
- Open-market purchase or sale
- A buy or sell of the company's stock at market price. Grants, option exercises, shares withheld for tax, gifts and employee stock plan purchases are listed separately and not counted.
- Pre-arranged (10b5-1)
- The insider marked the filing as made under a trading plan set up in advance (SEC Rule 10b5-1). The mark covers the whole filing, and an unmarked filing may still be under a plan.
- Filing date
- Insiders have two business days to report a trade. Totals and the chart use the filing date, when the trade became public.