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PANW Insider Trading & Form 4 Activity

Palo Alto Networks Inc
Last filing: Jul 8, 2026·17 days ago
BEARISH · LAST 90 DAYS
0%
buyers
$0
0 buys
$8.7M
14 sells
-$8.7M
net selling
4
insiders
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ACTIVE SELLING CLUSTER

3 insiders sold a combined $8.2M of PANW between Jun 10, 2026 and Jun 22, 2026.

Bawa Aparna, Key John P., Goetz James J

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Net flow — last 12 months

Monthly net of insider buys minus sells. Green months indicate net buying; red months indicate net selling.

Most active insiders

Ranked by total transaction value over the last 90 days.

INSIDERBOUGHTSOLDNET
Klarich Lee
EVP Chief Product & Tech Ofcr
$16.3M
-$16.3M
Goetz James J
Insider
$5.6M
-$5.6M
Key John P.
Director
$2.1M
-$2.1M
Golechha Dipak
EVP, Chief Financial Officer
$1.4M
-$1.4M
Bawa Aparna
Director
$802K
-$802K
Paul Josh D.
Chief Accounting Officer
$719K
-$719K
Thorning-Schmidt Helle
Director
$243K
-$243K

Recent transactions

Every Form 4 transaction for PANW, newest first.

SELL
Thorning-Schmidt Helle · Director
Tx Jul 7·Filed Jul 8·EDGAR ↗
700 sh @ $346.85
$243K
SELL
Bawa Aparna · Director
Tx Jul 1·Filed Jul 1·EDGAR ↗
290 sh @ $348.74
$101K
SELL10b5-1
Paul Josh D. · Chief Accounting Officer
Tx Jul 1·Filed Jul 1·EDGAR ↗
900 sh @ $345.00
$311K
TAX10b5-1
Paul Josh D. · Chief Accounting Officer
Tx Jul 1·Filed Jul 1·EDGAR ↗
1,092 sh @ $341.02
$372K
SELL
Bawa Aparna · Director
Tx Jun 29·Filed Jul 1·EDGAR ↗
305 sh @ $328.14
$100K
SELL
Bawa Aparna · Director
Tx Jun 29·Filed Jul 1·EDGAR ↗
327 sh @ $309.83
$101K
SELL10b5-1
Golechha Dipak · EVP, Chief Financial Officer
Tx Jun 23·Filed Jun 24·EDGAR ↗
300 sh @ $284.80
$85K
SELL10b5-1
Golechha Dipak · EVP, Chief Financial Officer
Tx Jun 23·Filed Jun 24·EDGAR ↗
214 sh @ $291.84
$62K
SELL10b5-1
Golechha Dipak · EVP, Chief Financial Officer
Tx Jun 23·Filed Jun 24·EDGAR ↗
886 sh @ $291.07
$258K
SELL10b5-1
Golechha Dipak · EVP, Chief Financial Officer
Tx Jun 23·Filed Jun 24·EDGAR ↗
2,100 sh @ $290.03
$609K
SELL10b5-1
Golechha Dipak · EVP, Chief Financial Officer
Tx Jun 23·Filed Jun 24·EDGAR ↗
1,300 sh @ $288.96
$376K
SELL10b5-1
Golechha Dipak · EVP, Chief Financial Officer
Tx Jun 23·Filed Jun 24·EDGAR ↗
200 sh @ $286.68
$57K
SELL
Bawa Aparna · Director
Tx Jun 22·Filed Jun 22·EDGAR ↗
345 sh @ $290.17
$100K
SELL
Goetz James J · Insider
Tx Jun 12·Filed Jun 16·EDGAR ↗
7,114 sh @ $279.88
$2.0M
SELL
Goetz James J · Insider
Tx Jun 12·Filed Jun 16·EDGAR ↗
1,400 sh @ $277.89
$389K
SELL
Goetz James J · Insider
Tx Jun 12·Filed Jun 16·EDGAR ↗
1,493 sh @ $281.64
$420K
SELL
Goetz James J · Insider
Tx Jun 12·Filed Jun 16·EDGAR ↗
5,193 sh @ $280.89
$1.5M
SELL
Goetz James J · Insider
Tx Jun 12·Filed Jun 16·EDGAR ↗
4,800 sh @ $278.89
$1.3M
SELL
Bawa Aparna · Director
Tx Jun 12·Filed Jun 12·EDGAR ↗
536 sh @ $280.00
$150K
SELL
Key John P. · Director
Tx Jun 12·Filed Jun 12·EDGAR ↗
7,500 sh @ $279.24
$2.1M
SELL
Bawa Aparna · Director
Tx Jun 11·Filed Jun 12·EDGAR ↗
555 sh @ $270.00
$150K
SELL
Bawa Aparna · Director
Tx Jun 10·Filed Jun 12·EDGAR ↗
377 sh @ $265.00
$100K
TAX
Thorning-Schmidt Helle · Director
Tx Jun 1·Filed Jun 2·EDGAR ↗
211 sh @ $281.69
$59K
SELL10b5-1
Paul Josh D. · Chief Accounting Officer
Tx Jun 1·Filed Jun 2·EDGAR ↗
1,100 sh @ $285.08
$314K
SELL10b5-1
Klarich Lee · EVP Chief Product & Tech Ofcr
Tx May 22·Filed May 27·EDGAR ↗
10,414 sh @ $258.70
$2.7M
SELL10b5-1
Klarich Lee · EVP Chief Product & Tech Ofcr
Tx May 22·Filed May 27·EDGAR ↗
2,897 sh @ $257.63
$746K
SELL10b5-1
Klarich Lee · EVP Chief Product & Tech Ofcr
Tx May 22·Filed May 27·EDGAR ↗
2,875 sh @ $256.60
$738K
SELL10b5-1
Klarich Lee · EVP Chief Product & Tech Ofcr
Tx May 22·Filed May 27·EDGAR ↗
4,694 sh @ $255.58
$1.2M
SELL10b5-1
Klarich Lee · EVP Chief Product & Tech Ofcr
Tx May 22·Filed May 27·EDGAR ↗
4,205 sh @ $254.85
$1.1M
SELL10b5-1
Klarich Lee · EVP Chief Product & Tech Ofcr
Tx May 22·Filed May 27·EDGAR ↗
320 sh @ $253.25
$81K
SELL10b5-1
Klarich Lee · EVP Chief Product & Tech Ofcr
Tx May 22·Filed May 27·EDGAR ↗
582 sh @ $251.94
$147K
SELL10b5-1
Klarich Lee · EVP Chief Product & Tech Ofcr
Tx May 22·Filed May 27·EDGAR ↗
519 sh @ $251.20
$130K
SELL10b5-1
Klarich Lee · EVP Chief Product & Tech Ofcr
Tx May 22·Filed May 27·EDGAR ↗
543 sh @ $250.03
$136K
SELL10b5-1
Klarich Lee · EVP Chief Product & Tech Ofcr
Tx May 22·Filed May 27·EDGAR ↗
923 sh @ $261.25
$241K
SELL10b5-1
Klarich Lee · EVP Chief Product & Tech Ofcr
Tx May 22·Filed May 27·EDGAR ↗
16,865 sh @ $260.62
$4.4M
SELL10b5-1
Klarich Lee · EVP Chief Product & Tech Ofcr
Tx May 22·Filed May 27·EDGAR ↗
18,067 sh @ $259.62
$4.7M
SELL10b5-1
Paul Josh D. · Chief Accounting Officer
Tx May 20·Filed May 22·EDGAR ↗
400 sh @ $236.95
$95K

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About PANW insider trading data

Form 4 is the SEC filing required when an officer, director, or 10% owner of a public company buys or sells the company's stock. By law, these filings must be submitted within two business days of the trade. Tracenotes pulls every Form 4 filing for PANW from EDGAR, parses it, and surfaces the activity on this page.

What insider buying tells you. Open-market purchases by insiders are widely studied as a meaningful signal. Unlike stock awards (which are compensation, not conviction), an executive spending their own money to buy shares of the company they run is a vote of confidence. Studies have found insider-buying clusters — three or more insiders buying within a short window — outperform the broader market over the following year.

What insider selling tells you. Selling is noisier. Many sales are pre-scheduled under SEC Rule 10b5-1 plans, which let insiders sell on a fixed schedule regardless of company news. We label these "10b5-1" so you can see them. Discretionary sales — sales not tied to a plan — are more meaningful, especially when multiple insiders sell in quick succession.

Tracenotes methodology. We scan EDGAR daily for new Form 4 filings, parse them into individual transactions, and detect clusters when three or more distinct insiders buy or sell within a 14-day window. The data on this page covers the last 12 months. For deeper analysis, Tracenotes also runs language-change detection on 10-K and 10-Q filings — that's our core product.

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Frequently asked questions

What is a Form 4 filing?

Form 4 is the SEC disclosure required when a company insider — an officer, director, or 10% owner — buys or sells the company's stock. By law these filings must be submitted within two business days of the trade.

Is insider buying PANW always bullish?

Open-market purchases by insiders are widely viewed as a bullish signal because executives are spending their own money. Stock awards and option exercises are part of compensation and don't carry the same weight, which is why we treat them separately on this page.

What is a 10b5-1 trade?

A trade made under SEC Rule 10b5-1, which lets insiders pre-schedule sales weeks or months in advance. These sales execute on a fixed plan regardless of company news, so they're a weaker signal than discretionary sales. We label them with a "10b5-1" tag.

What is an insider cluster?

A cluster is when three or more distinct insiders buy or sell within a 14-day window. Clusters are studied as stronger signals than single trades because multiple people independently reach the same view. We surface active clusters on Palo Alto Networks Inc (PANW) when they form.

Where does PANW insider trading data come from?

Every Form 4 filing for PANW is sourced directly from SEC EDGAR. Tracenotes scans EDGAR daily, parses each Form 4 into individual transactions, and updates this page within hours of new filings.

Nothing on this page constitutes investment advice. Form 4 data is sourced from SEC EDGAR and provided for research purposes only.

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