Palo Alto Networks Inc (PANW) insider buying and selling
In the last 90 days at Palo Alto Networks Inc (PANW), no insider made an open-market purchase and 1 insider made 2 open-market sales worth $655K, as reported on SEC Form 4. All 2 sales were scheduled in advance or made to cover tax on vesting shares, so they say less about the insider's view of the stock. Over the last 12 months, 1 insider bought $10.0M of the stock, led by Nikesh Arora (CEO), who bought $10.0M on Mar 27, 2026; 7 insiders sold $27.4M, of which $18.8M was scheduled or tax-related.
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Unlock PANWRecent open-market insider trades
Trades by the same insider within a week are shown as one line.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| Helle Thorning-Schmidt Director | Open market sale | 700 | $346.85 | $243K | |
| Aparna Bawa Director | Open market sale 3 trades | 922 | avg. $328.13 | $303K | |
| JAMES J GOETZ Director | Open market sale 5 trades | 20,000 | avg. $279.90 | $5.6M | |
| John P. Key Director | Open market sale | 7,500 | $279.24 | $2.1M | |
| Aparna Bawa Director | Open market sale 3 trades | 1,468 | avg. $272.37 | $400K | |
| Nikesh Arora CEO | Open market purchase 2 trades | 68,085 | avg. $146.87 | $10.0M |
Scheduled and tax-related sales
Sales made under a pre-arranged 10b5-1 plan or to cover tax on vesting shares. They are listed separately because they are not a fresh decision to sell.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| Josh D. Paul Chief Accounting Officer | 10b5-1 sale 2 trades | 1,800 | avg. $363.73 | $655K | |
| Josh D. Paul Chief Accounting Officer | 10b5-1 sale | 900 | $345.00 | $310K | |
| Dipak Golechha CFO | 10b5-1 sale 6 trades | 5,000 | avg. $289.56 | $1.4M | |
| Lee Klarich EVP | 10b5-1 sale 12 trades | 62,904 | avg. $258.65 | $16.3M | |
| Josh D. Paul Chief Accounting Officer | 10b5-1 sale | 400 | $236.95 | $95K |
What the PANW insider trades really mean
The table above is the public summary. With an Insider Intel account you get the analysis behind it, for Palo Alto Networks Inc and every other stock we track:
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Questions about PANW insider trading
Who bought Palo Alto Networks Inc (PANW) stock recently?
Insiders who bought Palo Alto Networks Inc stock on the open market in the last 12 months: Nikesh Arora ($10.0M). The most recent purchase was reported on Mar 27, 2026.
Are insiders buying or selling PANW?
Over the last 12 months insiders were roughly balanced between buying and selling of PANW on discretionary trades: $10.0M bought against $8.6M sold (scheduled and tax-related sales excluded).
What is a sell-to-cover or 10b5-1 sale?
A 10b5-1 sale is scheduled in advance under a pre-arranged plan, and a sell-to-cover sale is made to pay tax on vesting shares. Neither is a fresh decision to sell, so they say less about an insider's view than a discretionary sale.
Where does this data come from?
Officers, directors and large shareholders report their trades to the SEC on Form 4. This page lists the open-market purchases and sales by individual insiders from those public filings; funds and other institutions are not shown.
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How to read this page
Officers, directors and large shareholders must report their trades in company shares to the SEC on Form 4. This page lists open-market purchases and sales by individual insiders: trades made on the stock exchange at the going price. Funds and other institutions are not shown here.
Information from SEC EDGAR Form 4 filings, shown for general information only. It is not financial advice and does not recommend buying or selling any security. Trades are shown by transaction date and may be reported up to two business days later.