This is a planned charitable transfer, not a market-timing signal. Monitor for any subsequent Form 4 filings to confirm execution; no material impact on PANW's outlook.
Price Chart
Executive Summary
Lee Klarich, an officer of Palo Alto Networks, filed a Form 144 notice of intent to sell 60,000 shares through Goldman Sachs. At an estimated market price of ~$398.50 (based on the ~$23.91M total value), this represents a routine insider sale for charitable purposes via the Boost Giving Foundation. The sale is small relative to the company's ~$81.8B market cap and does not signal a change in business outlook.
Key Facts
- Lee Klarich (officer) filed Form 144 to sell 60,000 shares of common stock.
- Estimated aggregate market value: ~$23.91 million.
- Shares were acquired as compensation via restricted stock units on 10/17/2013.
- Sale is directed to the Boost Giving Foundation, a charitable 501(c)(3) organization controlled by Klarich.
- Broker: Goldman Sachs & Co. LLC; filing date: 10/08/2026.
Financial Impact
~$23.91 million sale, representing ~0.03% of the company's ~$81.8B market cap.
Risk Factors
- Form 144 is an intent to sell; the sale may not be executed.
- Insider selling for charitable purposes is routine and not indicative of negative sentiment.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001958244-26-000652 |
| Document: 0001958244-26-000652-index.html | 0001958244-26-000652 |
| Document: 0001958244-26-000652.txt | 0001958244-26-000652 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | DEFA14A | $402.00 | awaiting T+60 | — | $390.46 (−2.87%) |
Oct 27, 2026 today | DEF 14A | $401.70 | awaiting T+60 | — | $390.46 (−2.80%) |
Oct 20, 2026 7d ago | Institutional Cluster | $347.25 | awaiting T+60 | — | $390.46 (−12.44%) |
Oct 9, 2026 18d ago | 144 | $403.83 | awaiting T+60 | — | $390.46 (−3.31%) |
Oct 8, 2026 19d ago | 144 | $418.78 | awaiting T+60 | — | $390.46 (−6.76%) |
Oct 5, 2026 22d ago | Insider Cluster | $419.91 | awaiting T+60 | — | $390.46 (+7.01%) |
Sep 28, 2026 4w ago | Insider Cluster | $388.41 | awaiting T+60 | — | $390.46 (−0.53%) |
Sep 28, 2026 4w ago | Insider Cluster | $388.41 | awaiting T+60 | — | $390.46 (+0.53%) |
Sep 21, 2026 5w ago | Insider Cluster | $374.57 | awaiting T+60 | — | $390.46 (+4.24%) |
Sep 21, 2026 5w ago | Insider Cluster | $374.57 | awaiting T+60 | — | $390.46 (+4.24%) |
US Market Status
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