Insider trade

Director sold ~$1.25M of PANW shares in the open market

Traded Sep 17, 2026 · Filed Sep 22, 2026

Palo Alto NetworksPANW

~$1.25M
Reported value · 3,348 sh @ $374.7196: 15K
Holds after · shares reported: +5.7%
stock since the trade · S&P 500 +0.2%, $375.06 → $396.25 on Oct 1

Why it stands out

A board member of Palo Alto Networks sold $1.25M of Palo Alto Networks shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Sep 17, 2026
Reporting period: Not applicable
Filed with the SEC: Sep 22, 2026

DirectorIndirect holding$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$1,254,561

Shares × reported transaction price

Timing vs results

16 days after results of Sep 1, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $375.06 on Sep 17, 2026, 165% above its 52-week low and 5% below its high, after a 3% rise over the previous 30 trading days

52-week range $141.67 (Feb 24, 2026) to $396.00 (Aug 13, 2026), 92% of the way up, from 251 adjusted closes. 30 trading days earlier: $362.66 on Aug 5, 2026. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

Securities lawsuit open at the trade date

A securities lawsuit naming the company as a defendant was filed on Apr 25, 2024 in the U.S. District Court, N.D. California. A filing is an allegation, not a finding.

Schwarz v. Palo Alto Networks, Inc., docket 3:24-cv-02492, via CourtListener (court records). Nature of suit 850, company named as first defendant

After it was reported

After	Stock	S&P 500	Difference
7 days	+3.7%	-1.2%	+4.9%

Past results only. Not a forecast.

Source receipt

Record ID: 0001219231-26-000008
Filed / recorded: Sep 22, 2026, 12:18 AM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Palo Alto Networks Inc
Issuer CIK: 1327567
Ticker: PANW
Reporting person: James J Goetz
Relationship: Director
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Sep 17, 2026
Transaction code: S
Shares / units: 3,348
Price per share: $374.7196
Acquired / disposed: Disposed (D)
Shares owned after: 14,842
Ownership form: Indirect — By family trust
Amendment: No

Footnotes from the filing

The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $374.17 to $375.16, inclusive.
Shares held by the Reporting Person's family trust. The Reporting Person may be deemed to beneficially own the shares held by his family trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose.