Form 4: Palo Alto Networks CFO Gifts Shares Under 10b5-1 Plan

Palo Alto Networks' EVP and CFO, Dipak Golechha, reported gifting 2,500 shares of common stock on November 26, 2025, reducing his direct beneficial ownership to 160,119 shares.

Summary

• Dipak Golechha, Executive Vice President and Chief Financial Officer of Palo Alto Networks Inc. (PANW), reported a transaction involving the company's common stock.
• On November 26, 2025, Mr. Golechha disposed of 2,500 shares of common stock through a gift (Transaction Code 'G').
• The shares were disposed of at a price of $0 per share.
• This transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Mr. Golechha directly beneficially owns 160,119 shares of Palo Alto Networks common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction (a gift of shares) which is a neutral event from a company performance perspective. The transaction was also made under a Rule 10b5-1 plan, indicating it was pre-scheduled and not reactive to recent events.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide information related to broader industry trends or competitive landscape.

Comparison to Industry Standards

• Not applicable as this filing reports a personal insider transaction, not company performance or operational results. Insider transactions, particularly gifts, are common across industries and are typically disclosed via Form 4.

Stakeholder Impact

• Shareholders: Minimal impact due to the relatively small number of shares (2,500) involved in the transaction compared to the company's total outstanding shares. The transaction is a personal matter for the executive.
• Employees, Customers, Suppliers, Creditors: No direct impact from this insider transaction.

Key Dates

Keywords

Palo Alto Networks, PANW, Dipak Golechha, Insider Transaction, Form 4, Common Stock, Gift, 10b5-1 Plan