Insider trade

Director sold ~$1.39M of PANW shares in the open market

Traded Mar 6, 2026 · Filed Mar 11, 2026

Palo Alto NetworksPANW

~$1.39M
Reported value · 8,500 sh @ $163.83: 67K
Holds after · shares reported: +140.1%
stock since the trade · S&P 500 +13.6%, $165.05 → $396.25 on Oct 1

Why it stands out

A board member of Palo Alto Networks sold $1.39M 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: Mar 6, 2026
Reporting period: Not applicable
Filed with the SEC: Mar 11, 2026

DirectorIndirect holding$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$1,392,555

Shares × reported transaction price

Timing vs results

17 days after results of Feb 17, 2026, 88 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 $165.05 on Mar 6, 2026, 17% above its 52-week low and 25% below its high, after a 9% drop over the previous 30 trading days

52-week range $141.67 (Feb 24, 2026) to $221.38 (Oct 28, 2025), 29% of the way up, from 251 adjusted closes. 30 trading days earlier: $182.27 on Jan 22, 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	+2.4%	-2.2%	+4.6%
30 days	-5.6%	+0.5%	-6.0%
90 days	+58.0%	+9.0%	+49.0%
180 days	+104.3%	+13.3%	+91.1%

Past results only. Not a forecast.

Source receipt

Record ID: 0001219231-26-000003
Filed / recorded: Mar 11, 2026, 1:27 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: Mar 6, 2026
Transaction code: S
Shares / units: 8,500
Price per share: $163.83
Acquired / disposed: Disposed (D)
Shares owned after: 66,684
Ownership form: Indirect — By family trust
Amendment: No

Footnotes from the filing

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.27 to $164.26, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) and footnote (2) to this Form 4.
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.