[Form 4] Palo Alto Networks, Inc. Insider Trading Activity
Josh D. Paul, Chief Accounting Officer of Palo Alto Networks Inc. (PANW), reported two transactions dated 08/21/2025. The company withheld 1,528 shares to satisfy tax withholding related to vesting and net settlement of previously reported restricted stock units; this withholding is explicitly not a sale and occurred at a per-share value of $184.43. Separately, Mr. Paul sold 700 shares at $184.20 pursuant to a Rule 10b5-1 trading plan adopted on October 1, 2024. After these transactions, the reporting person beneficially owned 37,723 shares. The Form 4 was signed by an attorney-in-fact on 08/22/2025.
Josh D. Paul, Chief Accounting Officer di Palo Alto Networks Inc. (PANW), ha comunicato due operazioni datate 21/08/2025. La societ脿 ha trattenuto 1.528 azioni per soddisfare le ritenute fiscali legate al vesting e al regolamento netto di unit脿 di stock vincolate precedentemente dichiarate; questa trattenuta 猫 espressamente non una vendita ed 猫 avvenuta a un valore per azione di $184,43. Separatamente, il sig. Paul ha venduto 700 azioni a $184,20 ai sensi di un piano di negoziazione Rule 10b5-1 adottato il 1 ottobre 2024. Dopo queste operazioni, la persona che ha presentato la segnalazione deteneva beneficiariamente 37.723 azioni. Il Modulo 4 猫 stato firmato da un procuratore il 22/08/2025.
Josh D. Paul, Chief Accounting Officer de Palo Alto Networks Inc. (PANW), inform贸 dos transacciones con fecha 21/08/2025. La empresa retuvo 1.528 acciones para cubrir retenciones fiscales relacionadas con el vesting y la liquidaci贸n neta de unidades de acciones restringidas previamente informadas; esta retenci贸n es expl铆citamente no una venta y se realiz贸 a $184,43 por acci贸n. Por separado, el Sr. Paul vendi贸 700 acciones a $184,20 conforme a un plan de negociaci贸n Rule 10b5-1 adoptado el 1 de octubre de 2024. Tras estas operaciones, la persona informante pose铆a beneficiariamente 37.723 acciones. El Formulario 4 fue firmado por un apoderado el 22/08/2025.
Josh D. Paul, 韺旊鞎岉啝 雱ろ姼鞗嶌姢(PANW) 斓滉碃須岅硠毂呾瀯鞛愲姅 2025雲� 8鞗� 21鞚检瀽搿� 霊� 瓯挫潣 瓯半灅毳� 氤搓碃頄堨姷雼堧嫟. 須岇偓電� 鞚挫爠鞐� 瓿奠嫓霅� 鞝滍暅欤检嫕(RSU)鞚� 氩犾姢韺� 氚� 靾滌爼靷瓣臣 甏�霠悳 靹戈笀 鞗愳矞歆曥垬毳� 鞙勴暣 1,528欤�毳� 鞗愳矞歆曥垬頄堨溂氅�, 鞚� 鞗愳矞歆曥垬電� 氇呺氨頌� 韺愲Г臧� 鞎勲嫎鞚搓碃 欤茧嫻 臧�旃橂姅 $184.43鞓�鞀惦媹雼�. 氤勲弰搿� Paul 鞌姅 700欤�毳� 欤茧嫻 $184.20鞐� 韺愲Г頄堧姅雿�, 鞚措姅 2024雲� 10鞗� 1鞚� 毂勴儩霅� Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半ジ 瓴冹瀰雼堧嫟. 鞚措摛 瓯半灅 頉� 氤搓碃鞚胳潃 37,723欤�毳� 鞁れ鞝侅溂搿� 氤挫湢頃橁矊 霅橃棃鞀惦媹雼�. Form 4電� 2025雲� 8鞗� 22鞚检棎 雽�毽澑(氩曥爼雽�毽澑)鞐� 鞚橅暣 靹滊獏霅橃棃鞀惦媹雼�.
Josh D. Paul, Chief Accounting Officer de Palo Alto Networks Inc. (PANW), a d茅clar茅 deux op茅rations dat茅es du 21/08/2025. La soci茅t茅 a retenu 1 528 actions pour couvrir les retenues fiscales li茅es au vesting et au r猫glement net d'unit茅s d'actions restreintes pr茅c茅demment d茅clar茅es聽; cette retenue est explicitement pas une vente et a eu lieu 脿 184,43 $ par action. Par ailleurs, M. Paul a vendu 700 actions 脿 184,20 $ conform茅ment 脿 un plan de n茅gociation Rule 10b5-1 adopt茅 le 1er octobre 2024. Apr猫s ces op茅rations, la personne d茅clarante d茅tenait 脿 titre b茅n茅ficiaire 37 723 actions. Le formulaire 4 a 茅t茅 sign茅 par un mandataire le 22/08/2025.
Josh D. Paul, Chief Accounting Officer von Palo Alto Networks Inc. (PANW), meldete zwei Transaktionen vom 21.08.2025. Das Unternehmen behielt 1.528 Aktien ein, um die steuerliche Einbehaltung im Zusammenhang mit dem Vesting und der Nettosettlement zuvor gemeldeter Restricted Stock Units zu erf眉llen; diese Einbehaltung ist ausdr眉cklich kein Verkauf und erfolgte zu einem Kurs von $184,43 je Aktie. Separat verkaufte Herr Paul 700 Aktien zu $184,20 im Rahmen eines Rule鈥�10b5鈥�1鈥慔andelsplans, der am 1. Oktober 2024 eingef眉hrt wurde. Nach diesen Transaktionen besa脽 die meldende Person wirtschaftlich 37.723 Aktien. Das Formular 4 wurde am 22.08.2025 von einem Bevollm盲chtigten unterzeichnet.
- Use of a Rule 10b5-1 trading plan (adopted 10/01/2024) indicates preplanned, compliant disposition of shares
- Withheld 1,528 shares to satisfy tax obligations on RSU vesting (administrative, not a sale)
- Form 4 was executed and filed promptly and signed by an attorney-in-fact, indicating procedural compliance
- None.
Insights
TL;DR Routine insider tax withholding and a preplanned 10b5-1 sale; not clearly material to PANW's business performance.
The transactions consist of 1,528 shares withheld to satisfy tax obligations from RSU vesting and a 700-share sale executed under a Rule 10b5-1 plan at ~$184.20 per share. Withholding for taxes on vesting is administrative and does not represent a market disposition by choice. The 10b5-1 sale was pre-established on 10/01/2024, indicating the sale followed a contractual plan rather than an opportunistic insider trade. Given the relatively small share counts compared to a large-cap issuer, the disclosures are routine and likely neutral for investors.
TL;DR Disclosure aligns with governance best practices: tax withholding and a documented 10b5-1 plan reduce regulatory and disclosure risk.
The Form 4 discloses that the withheld shares were used to satisfy tax withholding on vested RSUs and that the sale was executed under a Rule 10b5-1 trading plan adopted on 10/01/2024. Use of a 10b5-1 plan is a recognized mechanism to mitigate claims of opportunistic insider trading and supports transparency. The filing was timely and signed by an attorney-in-fact, reflecting procedural compliance. These actions suggest adherence to insider trading controls rather than governance concerns.
Josh D. Paul, Chief Accounting Officer di Palo Alto Networks Inc. (PANW), ha comunicato due operazioni datate 21/08/2025. La societ脿 ha trattenuto 1.528 azioni per soddisfare le ritenute fiscali legate al vesting e al regolamento netto di unit脿 di stock vincolate precedentemente dichiarate; questa trattenuta 猫 espressamente non una vendita ed 猫 avvenuta a un valore per azione di $184,43. Separatamente, il sig. Paul ha venduto 700 azioni a $184,20 ai sensi di un piano di negoziazione Rule 10b5-1 adottato il 1 ottobre 2024. Dopo queste operazioni, la persona che ha presentato la segnalazione deteneva beneficiariamente 37.723 azioni. Il Modulo 4 猫 stato firmato da un procuratore il 22/08/2025.
Josh D. Paul, Chief Accounting Officer de Palo Alto Networks Inc. (PANW), inform贸 dos transacciones con fecha 21/08/2025. La empresa retuvo 1.528 acciones para cubrir retenciones fiscales relacionadas con el vesting y la liquidaci贸n neta de unidades de acciones restringidas previamente informadas; esta retenci贸n es expl铆citamente no una venta y se realiz贸 a $184,43 por acci贸n. Por separado, el Sr. Paul vendi贸 700 acciones a $184,20 conforme a un plan de negociaci贸n Rule 10b5-1 adoptado el 1 de octubre de 2024. Tras estas operaciones, la persona informante pose铆a beneficiariamente 37.723 acciones. El Formulario 4 fue firmado por un apoderado el 22/08/2025.
Josh D. Paul, 韺旊鞎岉啝 雱ろ姼鞗嶌姢(PANW) 斓滉碃須岅硠毂呾瀯鞛愲姅 2025雲� 8鞗� 21鞚检瀽搿� 霊� 瓯挫潣 瓯半灅毳� 氤搓碃頄堨姷雼堧嫟. 須岇偓電� 鞚挫爠鞐� 瓿奠嫓霅� 鞝滍暅欤检嫕(RSU)鞚� 氩犾姢韺� 氚� 靾滌爼靷瓣臣 甏�霠悳 靹戈笀 鞗愳矞歆曥垬毳� 鞙勴暣 1,528欤�毳� 鞗愳矞歆曥垬頄堨溂氅�, 鞚� 鞗愳矞歆曥垬電� 氇呺氨頌� 韺愲Г臧� 鞎勲嫎鞚搓碃 欤茧嫻 臧�旃橂姅 $184.43鞓�鞀惦媹雼�. 氤勲弰搿� Paul 鞌姅 700欤�毳� 欤茧嫻 $184.20鞐� 韺愲Г頄堧姅雿�, 鞚措姅 2024雲� 10鞗� 1鞚� 毂勴儩霅� Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半ジ 瓴冹瀰雼堧嫟. 鞚措摛 瓯半灅 頉� 氤搓碃鞚胳潃 37,723欤�毳� 鞁れ鞝侅溂搿� 氤挫湢頃橁矊 霅橃棃鞀惦媹雼�. Form 4電� 2025雲� 8鞗� 22鞚检棎 雽�毽澑(氩曥爼雽�毽澑)鞐� 鞚橅暣 靹滊獏霅橃棃鞀惦媹雼�.
Josh D. Paul, Chief Accounting Officer de Palo Alto Networks Inc. (PANW), a d茅clar茅 deux op茅rations dat茅es du 21/08/2025. La soci茅t茅 a retenu 1 528 actions pour couvrir les retenues fiscales li茅es au vesting et au r猫glement net d'unit茅s d'actions restreintes pr茅c茅demment d茅clar茅es聽; cette retenue est explicitement pas une vente et a eu lieu 脿 184,43 $ par action. Par ailleurs, M. Paul a vendu 700 actions 脿 184,20 $ conform茅ment 脿 un plan de n茅gociation Rule 10b5-1 adopt茅 le 1er octobre 2024. Apr猫s ces op茅rations, la personne d茅clarante d茅tenait 脿 titre b茅n茅ficiaire 37 723 actions. Le formulaire 4 a 茅t茅 sign茅 par un mandataire le 22/08/2025.
Josh D. Paul, Chief Accounting Officer von Palo Alto Networks Inc. (PANW), meldete zwei Transaktionen vom 21.08.2025. Das Unternehmen behielt 1.528 Aktien ein, um die steuerliche Einbehaltung im Zusammenhang mit dem Vesting und der Nettosettlement zuvor gemeldeter Restricted Stock Units zu erf眉llen; diese Einbehaltung ist ausdr眉cklich kein Verkauf und erfolgte zu einem Kurs von $184,43 je Aktie. Separat verkaufte Herr Paul 700 Aktien zu $184,20 im Rahmen eines Rule鈥�10b5鈥�1鈥慔andelsplans, der am 1. Oktober 2024 eingef眉hrt wurde. Nach diesen Transaktionen besa脽 die meldende Person wirtschaftlich 37.723 Aktien. Das Formular 4 wurde am 22.08.2025 von einem Bevollm盲chtigten unterzeichnet.
FAQ
How many shares did PANW Chief Accounting Officer Josh D. Paul sell on 08/21/2025?
Why were 1,528 shares withheld in the Form 4 for PANW (Josh D. Paul)?
When was the 10b5-1 trading plan adopted for the PANW insider sale?
What is the reporting person's beneficial ownership after the transactions?
Who signed the Form 4 for Josh D. Paul and when?
