The dollar amounts are too small to warrant any trading action. Routine diversification by non-CEO executives. Continue to monitor the next earnings release (2.02) for fundamental updates—insider sales at this scale carry no informational content.
Price Chart
Executive Summary
Two PANW insiders—the EVP/CPTO and the CAO—sold a combined $231K in open-market sales over a 7-day window. The total is ~0.0001% of market cap, far below the 0.1% materiality threshold, and fits the pattern of routine liquidity-driven sales (diversification, tax planning, 10b5-1). No bearish signal is warranted.
Key Financial Metrics
Key Facts
- EVP/CPTO Klarich Lee sold 543 shares on 2026-05-22 at ~$250.03, total $136K.
- CAO Paul Josh D. sold 400 shares on 2026-05-20 at ~$236.95, total $95K.
- Total cluster value of $231K represents ~0.0001% of PANW's $209.5B market cap.
- No insider open-market purchases observed in the cluster.
Financial Impact
Total insider sales of $231K; immaterial relative to $209.5B market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PANW-1779913854570 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 17, 2026 15d ago | ANALYST-DOWNGRADE | $375.06 $389.92 | ▼ −3.96% | ▼ −3.28% | $396.25 (−5.65%) |
Sep 1, 2026 4w ago | Press Release | $328.19 $338.49 | ▲ +3.14% | ▲ +4.10% | $396.25 (+20.74%) |
Aug 19, 2026 6w ago | Press Release | $358.63 $339.31 | ▼ −5.39% | ▼ −5.00% | $396.25 (+10.49%) |
Jul 8, 2026 12w ago | Insider Cluster | $338.31 $353.99 | ▲ +4.63% | ▲ +4.77% | $396.25 (+17.13%) |
Jul 1, 2026 13w ago | Insider Cluster | $348.06 $338.31 | ▼ −2.80% | ▼ −3.73% | $396.25 (+13.85%) |
Jul 1, 2026 13w ago | Insider Cluster | $348.06 $338.31 | ▼ −2.80% | ▼ −3.73% | $396.25 (+13.85%) |
Jul 1, 2026 13w ago | Insider Cluster | $348.06 $338.31 | ▼ −2.80% | ▼ −3.73% | $396.25 (+13.85%) |
Jun 16, 2026 15w ago | Insider Cluster | $282.13 $285.26 | ▲ +1.11% | ▲ +2.15% | $396.25 (+40.45%) |
Jun 2, 2026 17w ago | 8-K | $272.05 $279.62 | ▲ +2.78% | ▲ +2.21% | $396.25 (+45.65%) |
May 27, 2026 18w ago | Insider Cluster | $257.11 $278.71 | ▲ +8.40% | ▲ +8.08% | $396.25 (+54.11%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access