Form 4: Palo Alto Networks CAO Sells Shares Under 10b5-1 Plan

Palo Alto Networks' Chief Accounting Officer, Josh D. Paul, reported the disposition of 2,228 shares, including tax-related withholdings and a planned sale.

Summary

• Josh D. Paul, Chief Accounting Officer of Palo Alto Networks Inc. (PANW), reported two transactions involving common stock.
• On August 21, 2025, 1,528 shares were disposed of at a price of $184.43 per share. This was not a sale by Mr. Paul but represented shares withheld by the Issuer to satisfy income tax and withholding obligations related to the vesting and net settlement of previously reported restricted stock units.
• Also on August 21, 2025, 700 shares were sold at a price of $184.20 per share. This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Paul on October 1, 2024.
• Following these transactions, Mr. Paul beneficially owns 37,723 shares of Palo Alto Networks common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions are routine for insider equity compensation and pre-planned sales, not indicating any significant positive or negative developments for the company.

Negatives

• The disposition of 700 shares by the Chief Accounting Officer, while pre-planned, represents a reduction in insider ownership.

Stakeholder Impact

• Shareholders: The transactions are routine and unlikely to have a material impact on the company's stock price or long-term value. The reduction in insider ownership is minimal in the context of total outstanding shares.

Key Dates

Keywords

Palo Alto Networks, PANW, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Chief Accounting Officer, Josh D. Paul, Restricted Stock Units, Tax Withholding