PANWPalo Alto Networks
Palo Alto Networks, Inc. is a global artificial intelligence (“AI”) cybersecurity provider and our vision is a world where each day is safer and more secure than the one before. 10-K, Item 1
- Headquarters
- Santa Clara, CA
- CEO
- Nikesh Arora
- Next results
- around Nov 18, 2026
What PANW's directors and officers said they would sell, before they sold: trading plans the company reports each quarter, and the Form 144 notices sellers file on the day of a planned sale. Facts only; most of these sales are routine, such as selling shares from vesting stock awards.
Trading plans adopted or ended
2 plans still running: William D. Jenkins Jr., Dipak Golechha.
| Insider | What | Date | Shares | Runs to | Reported in |
|---|---|---|---|---|---|
| William D. Jenkins Jr. President |
Adopted 10b5-1 plan | Jun 28, 2026 | up to 148,217 | Jan 31, 2027 | 10-K Sep 10, 2026 |
| Lee Klarich Chief Product and Technology Officer |
Adopted 10b5-1 plan | Dec 11, 2025 | up to 62,904 | Oct 30, 2026 | 10-Q Feb 18, 2026 |
| Dipak Golechha Chief Financial Officer |
Adopted 10b5-1 plan | Dec 5, 2025 | up to 20,000 | Mar 31, 2027 | 10-Q Feb 18, 2026 |
| William “BJ” Jenkins President |
Adopted 10b5-1 plan | Sep 26, 2025 | up to 7,122 | Jun 15, 2026 | 10-Q Nov 20, 2025 |
The company's descriptionSet forth below is certain information regarding Rule 10b5-1 trading plans adopted or terminated by our directors and officers (as defined in Rule 16a-1(f)) during the first quarter of fiscal 2026. The Rule 10b5-1 trading plans listed below are each intended to satisfy the affirmative defense of Rule 10b5-1(c). Name Title Date Plan Was Adopted Date Plan Was Terminated Expiration Date Total Amount of Common Stock to Be Sold Under the Plan William “BJ” Jenkins President September 26, 2025 Not applicable June 15, 2026 7,122 No other officers or directors, as defined in Rule 16a-1(f), adopted, modified, and/or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, during the first quarter of fiscal 2026. | |||||
| Nikesh Arora Chief Executive Officer |
Adopted 10b5-1 plan | Jun 24, 2025 | up to 846,408 | Dec 24, 2025 | 10-K Aug 29, 2025 |
The company's descriptionThe Rule 10b5-1 trading plans listed below are each intended to satisfy the affirmative defense of Rule 10b5-1(c). Name Title Date Plan Was Adopted Date Plan Was Terminated Original Expiration Date Total Amount of Common Stock to Be Sold Under the Plan Nikesh Arora Chief Executive Officer June 24, 2025 Not applicable December 24, 2025 or when all shares have been sold 846,408 | |||||
| Nikesh Arora Chief Executive Officer |
Ended 10b5-1 plan | Apr 6, 2025 | up to 4,889,520 | – | 10-Q May 21, 2025 |
The company's descriptionSet forth below is certain information regarding Rule 10b5-1 trading plans adopted or terminated by our directors and officers (as defined in Rule 16a-1(f)) during the third quarter of fiscal 2025. The Rule 10b5-1 trading plans listed below are each intended to satisfy the affirmative defense of Rule 10b5-1(c). Name Title Date Plan Was Adopted Date Plan Was Terminated Original Expiration Date Total Amount of Common Stock to Be Sold Under the Plan Nikesh Arora Chief Executive Officer March 27, 2024 April 6, 2025 December 31, 2025 4,889,520 | |||||
| Nir Zuk Executive Vice President, Chief Technology Officer |
Adopted 10b5-1 plan | Jan 9, 2025 | up to 1,449,828 | Apr 30, 2026 | 10-Q Feb 14, 2025 |
| Dipak Golechha Executive Vice President, Chief Financial Officer |
Adopted 10b5-1 plan | Jan 6, 2025 | up to 20,000 | Mar 31, 2026 | 10-Q Feb 14, 2025 |
| Nir Zuk Executive Vice President, Chief Technology Officer |
Ended 10b5-1 plan | Oct 2, 2024 | up to 432,000 | – | 10-Q Nov 21, 2024 |
| Josh Paul Senior Vice President, Chief Accounting Officer |
Adopted 10b5-1 plan | Oct 1, 2024 | up to 4,500 | 456 days | 10-Q Nov 21, 2024 |
| Lee Klarich Executive Vice President, Chief Product Officer |
Adopted 10b5-1 plan | Sep 27, 2024 | up to 711,088 | 468 days | 10-Q Nov 21, 2024 |
| Mary Pat McCarthy Director |
Adopted 10b5-1 plan | Sep 12, 2024 | up to 6,000 | 444 days | 10-Q Nov 21, 2024 |
| Nir Zuk Executive Vice President, Chief Technology Officer |
Adopted 10b5-1 plan | Apr 1, 2024 | up to 432,000 | 465 days | 10-Q May 21, 2024 |
| Nikesh Arora Chief Executive Officer |
Adopted 10b5-1 plan | Mar 27, 2024 | up to 2,444,760 | 644 days | 10-Q May 21, 2024 |
| William “BJ” Jenkins President |
Adopted 10b5-1 plan | Mar 26, 2024 | up to 8,054 | 461 days | 10-Q May 21, 2024 |
| Nikesh Arora Chief Executive Officer |
Ended 10b5-1 plan | Dec 13, 2023 | not stated | 188 days | 10-Q Feb 21, 2024 |
| Joshua Paul Senior Vice President, Chief Accounting Officer |
Adopted 10b5-1 plan | Dec 7, 2023 | up to 2,600 | 362 days | 10-Q Feb 21, 2024 |
| Lee Klarich Executive Vice President, Chief Product Officer |
Adopted 10b5-1 plan | Nov 22, 2023 | up to 920,000 | 423 days | 10-Q Feb 21, 2024 |
| John Donovan Director |
Adopted 10b5-1 plan | Oct 8, 2023 | up to 126,312 | 815 days | 10-Q Feb 21, 2024 |
| Dipak Golechha Executive Vice President, Chief Financial Officer |
Adopted 10b5-1 plan | Sep 13, 2023 | up to 12,500 | 475 days | 10-Q Nov 17, 2023 |
| Mary Pat McCarthy Director |
Adopted 10b5-1 plan | Aug 22, 2023 | up to 4,000 | 347 days | 10-Q Nov 17, 2023 |
| Nikesh Arora Chairman and Chief Executive Officer |
Adopted 10b5-1 plan | Jun 8, 2023 | up to 2,000,000 | – | 10-K Sep 1, 2023 |
| William “BJ” Jenkins, Jr. President |
Adopted 10b5-1 plan | May 26, 2023 | up to 13,000 | – | 10-K Sep 1, 2023 |
From the XBRL of the company's 10-Qs and 10-Ks (Regulation S-K Item 408, reported since 2023): 14 filings checked since May 24, 2023.
Form 144 notices of planned sales
| Filed | Seller | Shares | Value | Shares came from | 10b5-1 plan | Form 4 sales after |
|---|---|---|---|---|---|---|
| Nov 4, 2026 | WILLIAM D JENKINS JR. Officer |
19,037 | $6,666,757 | Performance Stock Units | adopted Jun 28, 2026 | 19,037 shares from Nov 4, 2026 |
| Nov 3, 2026 | WILLIAM D JENKINS JR. Officer |
18,955 | $6,666,853 | Performance Stock Units | adopted Jun 28, 2026 | 37,992 shares from Nov 3, 2026 |
| Nov 2, 2026 | WILLIAM D JENKINS JR. Officer |
18,222 | $6,666,883 | Performance Stock Units | adopted Jun 28, 2026 | 56,214 shares from Nov 2, 2026 |
| Oct 13, 2026 | Nikesh Arora Officer |
500,000 | $201,400,000 | Consideration from CyberArk acquisition; Open market purchase; Open market purchase pursuant to the terms set forth in the offer letter by and between the Issuer and the Reporting Person, dated 5/30/2018, that was filed as Exhibit 10.2 to the Current Report on Form 8-K filed by the Issuer with the SEC on 6/4/2018.; Vested RSU Shares | none given | none found |
| Oct 9, 2026 | Aparna Bawa Affiliate |
250 | $99,625 | Transfer | none given | 250 shares from Oct 9, 2026 |
| Oct 8, 2026 | Lee Klarich Officer |
60,000 | $23,910,000 | Acquired as compensation -- Restricted Stock Units | none given | none found |
| Sep 24, 2026 | Aparna Bawa Affiliate |
750 | $294,975 | Transfer | none given | 510 shares from Sep 24, 2026 |
| Sep 24, 2026 | DIPAK GOLECHHA Officer |
35,000 | $13,765,500 | RSU/PSU | adopted Jun 25, 2026 | 27,500 shares from Sep 24, 2026 |
| Sep 17, 2026 | GOETZ 2025 IRR CHILDRENS TRUST Director |
20,000 | $7,533,686 | Distribution from a Partnership | none given | none found |
| Sep 15, 2026 | Aparna Bawa Affiliate |
500 | $186,970 | Transfer | none given | 1,010 shares from Sep 15, 2026 |
| Sep 14, 2026 | Aparna Bawa Affiliate |
1,000 | $330,650 | Transfer | none given | 2,010 shares from Sep 14, 2026 |
| Sep 14, 2026 | JOHN KEY Director |
2,500 | $940,075 | Restricted Stock | none given | 2,500 shares from Sep 14, 2026 |
| Aug 25, 2026 | JOSHUA PAUL Officer |
3,300 | $1,157,970 | Restricted Stock Units | adopted Sep 17, 2025 | none found |
| Jul 7, 2026 | HELLE THORNING-SCHMIDT Director |
700 | $242,795 | Restricted Stock | none given | 700 shares from Jul 7, 2026 |
| Jun 12, 2026 | JOHN KEY Director |
7,500 | $2,094,300 | Restricted Stock | none given | 7,500 shares from Jun 12, 2026 |
| Jun 12, 2026 | GOETZ 2025 IRR CHILDREN'S TRUST Director |
20,000 | $5,597,912 | Distribution from a Partnership | none given | none found |
| Jun 11, 2026 | Aparna Bawa Affiliate |
3,333 | $862,614 | Restricted Stock Unit Vesting | none given | 2,358 shares from Jun 11, 2026 |
| May 22, 2026 | Lee Klarich Officer |
62,904 | $16,391,524 | Acquired as compensation -- Restricted Stock Units | adopted Dec 11, 2025 | 62,904 shares from May 22, 2026 |
| May 20, 2026 | JOSHUA PAUL Officer |
2,400 | $576,312 | Restricted Stock Units | adopted Sep 17, 2025 | none found |
| Apr 8, 2026 | JOHN KEY Director |
1,572 | $272,459 | Restricted Stock | none given | none found |
| Apr 7, 2026 | MARY PAT MCCARTHY Former Director |
11,776 | $2,001,920 | Restricted stock vesting under a registered plan | none given | none found |
| Apr 1, 2026 | DIPAK GOLECHHA Officer |
10,000 | $1,603,200 | Employee Stock Purchase Plan; PSU & RSU | adopted Dec 5, 2025 | none found |
| Mar 6, 2026 | GOETZ 2025 IRR CHILDRENS TRUST Director |
22,684 | $3,729,551 | Distribution from a Partnership | none given | none found |
| Jan 8, 2026 | Lee Klarich Officer |
120,768 | $23,042,534 | Acquired as compensation -- Restricted Stock Units; Acquired as compensation -- Stock Options | adopted Sep 27, 2024 | none found |
| Jan 2, 2026 | WILLIAM D JENKINS JR. Officer |
904 | $166,517 | Employee Stock Purchase Plan | adopted Sep 26, 2025 | none found |
| Jan 2, 2026 | JOSHUA D PAUL Officer |
3,600 | $663,120 | Restricted Stock Units | adopted Sep 17, 2025 | none found |
| Dec 29, 2025 | GOETZ 1998 IR CH TR Director |
12,500 | $2,441,696 | Distribution from a Partnership | none given | none found |
| Dec 29, 2025 | WILLIAM D JENKINS JR. Officer |
6,218 | $1,164,134 | Restricted Stock Units | adopted Sep 26, 2025 | none found |
| Dec 23, 2025 | DIPAK GOLECHHA Officer |
5,000 | $947,450 | Performance Stock Units; Restricted Stock Units | adopted Jan 6, 2025 | none found |
| Dec 9, 2025 | GOETZ 1998 IR CH TR Director |
12,500 | $2,438,386 | Distribution from a Partnership | none given | none found |
| Dec 9, 2025 | MICHAEL T GOETZ TTEE GOETZ 1998 IR CH TR U/A DTD04/24/1998 Director |
12,500 | $2,441,696 | Distribution from a Partnership | none given | none found |
| Dec 8, 2025 | MICHAEL T GOETZ TTEE GOETZ 1998 IR CH TR U/A DTD04/24/1998 Director |
12,500 | $2,441,696 | Distribution from a Partnership | none given | none found |
| Dec 3, 2025 | Lee Klarich Officer |
120,774 | $23,385,470 | Acquired as compensation -- Restricted Stock Units; Acquired as compensation -- Stock Options | adopted Sep 27, 2024 | none found |
| Dec 1, 2025 | JOSHUA PAUL Officer |
700 | $133,091 | Restricted Stock Units | adopted Oct 1, 2024 | none found |
| Nov 3, 2025 | Lee Klarich Officer |
120,774 | $26,477,284 | Acquired as compensation -- Restricted Stock Units; Acquired as compensation -- Stock Options | adopted Sep 27, 2024 | none found |
From the Form 144 XML filed with the SEC, since Nov 3, 2025. The value is the seller's estimate on the notice. "Form 4 sales after" matches the seller's Form 4 sales in the 30 days after the notice, by name; Form 4s go back 180 days.
Work on PANW in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/PANW/export.csv") into a cell.