Insider trade

Officer sold ~$251K of PANW shares in the open market

Traded Mar 2, 2026 · Filed Mar 5, 2026

~$251K
Reported value · 1,700 sh @ $147.90: 59K
Holds after · shares reported: +163.9%
stock since the trade · S&P 500 +11.3%, $150.15 → $396.25 on Oct 1

Why it stands out

Palo Alto Networks's Chief Accounting Officer sold $251K of Palo Alto Networks shares. It was planned long ago, so it says very little.

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: Mar 2, 2026
Reporting period: Not applicable
Filed with the SEC: Mar 5, 2026

Officer$100K–$500KPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$251,430

Shares × reported transaction price

Timing vs results

13 days after results of Feb 17, 2026, 92 days before results of Jun 2, 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 $150.15 on Mar 2, 2026, 6% above its 52-week low and 32% below its high, after a 20% drop over the previous 30 trading days

52-week range $141.67 (Feb 24, 2026) to $221.38 (Oct 28, 2025), 11% of the way up, from 251 adjusted closes. 30 trading days earlier: $187.73 on Jan 15, 2026. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

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	+3.0%	-2.2%	+5.3%
30 days	-0.7%	-3.3%	+2.5%
90 days	+71.9%	+10.7%	+61.2%
180 days	+121.9%	+11.8%	+110.1%

Past results only. Not a forecast.

Source receipt

Record ID: 0001882285-26-000003
Filed / recorded: Mar 5, 2026, 2:30 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: Josh D. Paul
Relationship: Officer
Officer title: Chief Accounting Officer
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Mar 2, 2026
Transaction code: S
Shares / units: 1,700
Price per share: $147.90
Acquired / disposed: Disposed (D)
Shares owned after: 58,814
Ownership form: Direct
Amendment: No

Footnotes from the filing

The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 17, 2025.
Includes shares acquired by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan.