PANW Palo Alto Networks Inc Insider Trading

CFO Dipak Golechha sold 5,000 PANW shares for $1,447,824.78 via scheduled 10b5-1 plan, reducing stake 3.3%.

Dipak Golechha, EVP and CFO of Palo Alto Networks, executed 6 separate sales totaling 5,000 shares for $1,447,824.78 on 2026-06-23. The blended average price across all transactions was $289.56, which sits near the current price of $285.26 (+9.5% over 30 days and +82.4% over 90 days). Critically, this transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-12-05, meaning it was scheduled and not discretionary. At the same ticker, Golechha's recent prior sales on 2026-04-01 showed strong 30-day performance (+12.7%, +14.8%, +13.2%), though longer-term outcomes from those April trades remain unmeasured. The sale reduces his post-transaction holdings to 145,250 shares from 150,250 shares—a modest -3.3% reduction. With the company posting $2.6B in latest quarterly revenue, +14.9% annual growth, and strong net income of $432.0M, the fundamentals remain intact; the sale appears consistent with a previously scheduled liquidity event rather than a signal driven by conviction or concern.

Director James J Goetz sells 20,000 PANW shares (50% of holdings) for $5.6M at blended avg $279.90 on 2026-06-12

Goetz executed 5 separate sales totaling 20,000 shares for $5,597,910.69, reducing his holdings by exactly half (from 40,000 to 20,000 shares). The blended average price of $279.90 sits 7.6% below the 52-week high of $302.95, within recent positive momentum: the stock is up 15.3% over 30 days and 65.7% over 90 days. At PANW specifically, Goetz's prior 5 trades show mixed timing—3 of 5 were well-timed at the 90-day mark, but his most recent PANW trades in March 2026 were poorly timed (stock rose 70.4% and 69.5% post-sale), while December 2025 sales preceded declines. His cross-ticker track record over 7 prior sells shows a 71.43% well-timed rate at the 90-day mark, though with an average 90-day return of +8.8%, meaning those sales generally preceded rises rather than declines—indicating mixed predictive value. The stock's elevated P/E of 178.28 and solid fundamentals (14.9% annual revenue growth, $432M net income on $2.6B quarterly revenue) provide context, but the sheer magnitude of the $5.6M disposal and 50% position reduction merit investor attention to subsequent price movement.

Director John P. Key sold 7,500 PANW shares at $279.24 on 2026-06-12 ($2.1M), reducing stake 37.5% to 12,500 shares held.

John P. Key, a director at Palo Alto Networks, sold 7,500 shares (37.5% of his pre-transaction holding) on June 12, 2026 at $279.24, with the stock now trading at $279.62 (just 13 cents above the sale price). His prior sell at PANW on August 23, 2024 showed strong timing, with the stock declining 43.1% over the following 90 days. Over his broader cross-ticker open-market history, Key's sells have been well-timed 100% of the time with an average 90-day post-sale decline of 43.1%. The stock has appreciated 67.4% in the 90 days before this sale and recently reached a 52-week high of $302.95, only 7.7% above the current price. Against the backdrop of a highly elevated P/E of 178.10 and given Key's demonstrated pattern of well-timed exits, this substantial reduction in a director's stake merits attention as a potential signal about valuation or near-term outlook.

Lee Klarich sells 62,904 shares at $258.65 avg for $16.3M under 10b5-1 plan; post-transaction holds 235,983 shares.

Lee Klarich, EVP Chief Product & Tech Officer, executed 12 separate sales totaling 62,904 shares for $16,270,351.92 on 2026-05-22 under a pre-arranged 10b5-1 trading plan adopted 2025-12-11. The blended average price of $258.65 falls near the 52-week high of $261.41, representing a -5.0% discount from peak. This is a scheduled liquidation, not a discretionary trade, so timing interpretation is not applicable. His cross-ticker track record shows 20 prior sells with an average 90-day return of -15.8%; his five prior PANW sales (all on 2026-01-08) averaged -9.2% to -10.0% at 90 days. The disposition reduces his PANW holding by 21.0% from 298,887 to 235,983 shares—a material reduction but still a substantial retained position given the company's $202.8B market cap and strong fundamentals (14.9% annual revenue growth, $2.6B latest-quarter revenue). The 10b5-1 plan structure removes discretion from this execution.

CFO Golechha sells 5,000 shares at blended $160.42/share for $802.1K via pre-arranged 10b5-1 plan

Golechha Dipak, EVP and Chief Financial Officer of Palo Alto Networks Inc, executed 3 separate sales totaling 5,000 shares for $802,076.70 on 2026-04-01 at prices ranging from $157.81 to $160.70 per share. This transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on 2025-12-05, meaning the sales were scheduled and automatic rather than discretionary decisions. The sale reduced his holdings from 155,250 shares to 150,250 shares, representing a 3.2% reduction in his position. Because this trade is part of a pre-arranged plan established in advance, it reflects predetermined execution rather than a current-period signal about management's views on the stock.

Palo Alto Networks CEO Nikesh Arora bought 68,085 shares for $9,999,976.89, increasing holdings 24.7% to 343,394 shares

CEO Nikesh Arora executed two purchases totaling 68,085 shares for $10.0M at a blended average price of $146.87 on 2026-03-27, expanding his stake by 24.7% from 275,309 to 343,394 shares. The transaction occurred near the current price of $147.02 and within the 52-week trading range, but the stock is -33.6% from its 52-week high and -22.0% over the past 90 days. His same-ticker history at PANW shows a distinct prior pattern: all 5 prior trades were sells executed on 2025-09-23, and all 5 of those sales were well-timed at the 90-day horizon (posting negative 90-day returns ranging from -6.7% to -8.7%). This buy represents a reversal in his prior trading behavior at this ticker and occurs in an environment where the stock has declined significantly from recent peaks, warranting examination of whether fundamental or valuation factors have shifted his outlook.

Director James J Goetz sold 22,684 shares ($3.7M) at $163.83–$164.76 on 2026-03-06

James J Goetz, a director at Palo Alto Networks, executed 2 separate sales totaling 22,684 shares for $3,729,510.84 on 2026-03-06, reducing his holdings by 30.2% from 75,184 to 52,500 shares. His prior 5 trades at PANW all generated negative 90-day returns (ranging from -0.7% to -2.9% at 30 days, and -15.2% to -16.0% at 90 days), with 100% of those sales proving well-timed as the stock declined afterward. This transaction occurs while PANW trades at $165.58, down 25.2% from its 52-week high of $221.38 and down 14.2% over the past 90 days, suggesting continued directional headwinds since his prior December sales. The scale of this divestment—a substantial reduction of nearly one-third of his position—combined with the consistent pattern of his prior sells preceding downturns, warrants investor attention to the company's near-term outlook.

EVP Klarich Lee sold 120,768 shares of PANW for $23,070,680.72 via scheduled 10b5-1 plan

Klarich Lee executed five separate sales on 2026-01-08 totaling 120,768 shares for $23,070,680.72, reducing his holdings from 419,655 shares to 298,887 shares (-28.8%). The sales occurred at prices ranging from $189.60 to $193.16 with a blended average price of $191.03. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2024-09-27, meaning the sales were scheduled and not discretionary. As a material officer (EVP Chief Product & Tech Officer), Lee's sale of this magnitude warrants investor attention regarding insider equity management at PANW, though the pre-arranged nature removes any timing signal.

PANW President Jenkins sells 6,218 shares for $1,169,423.42 under pre-arranged 10b5-1 plan

President William D Jenkins Jr executed two separate sales totaling 6,218 shares for $1,169,423.42 on 2025-12-26 under a 10b5-1 trading plan adopted on 2025-09-26. The sales reduced his holdings from 155,339 shares to 149,121 shares, a 4.0% reduction. Because this transaction is part of a pre-arranged 10b5-1 trading plan, it is scheduled and mechanical rather than discretionary, limiting what can be inferred about Jenkins' current views on Palo Alto Networks' prospects. The blended average sale price was $188.07 per share across the two transactions.

CFO Golechha sells 5,000 PANW shares for $940.9K under pre-arranged 10b5-1 plan

Golechha Dipak, EVP and Chief Financial Officer of Palo Alto Networks, sold 5,000 shares at $188.18 on 2025-12-23 for a total value of $940,910.00. This transaction reduced his holdings from 160,119 shares to 155,119 shares, a net change of -3.1%. Critically, this sale was executed under a pre-arranged 10b5-1 trading plan adopted on 2025-01-06, meaning it was scheduled and not discretionary. The routine, automated nature of this transaction under a pre-arranged plan limits its signaling value for insider intent or conviction regarding the stock's near-term direction.