Form 4: Palo Alto Networks Director John P. Key Sells 3,000 Shares
SEC Form 4 Filing
Director John P. Key of Palo Alto Networks sold 3,000 shares of common stock at a price of $349.68 on August 23, 2024.
Summary
- On August 23, 2024, John P. Key, a director of Palo Alto Networks Inc., sold 3,000 shares of the company's common stock.
- The sale was executed at a price of $349.68 per share.
- Following the transaction, Key directly owns 8,639 shares of Palo Alto Networks stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by a director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of a transaction by a company insider and provides transparency to the market regarding the trading activities of individuals with access to non-public information.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction relative to the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 08/23/2024 | Date of transaction: John P. Key sold 3,000 shares of Palo Alto Networks stock. |
| 08/23/2024 | Date of filing: Form 4 filing date. |
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