Director-level sales of this size are routine and lack informational content. Monitor for any C-suite insider activity or a material corporate filing (e.g., earnings, guidance change) that could provide context for the sales.
Price Chart
Executive Summary
Two Palo Alto Networks directors sold a combined $1.31M in open-market transactions on September 14, 2026. Director John P. Key sold 2,500 shares for $940K, and Director Aparna Bawa sold 1,000 shares for $374K. The sales are modest relative to PANW's market cap and are not accompanied by any material corporate event in the filing.
Key Financial Metrics
Key Facts
- Two directors sold shares totaling $1.31M in open-market transactions on September 14, 2026.
- Director John P. Key sold 2,500 shares at $376.03 for $940K.
- Director Aparna Bawa sold 1,000 shares at $373.61 for $374K.
- No 10b5-1 plan indication or C-suite involvement; both sellers are directors, not officers.
Financial Impact
Total sales of $1.31M represent a trivial fraction of PANW's market cap (well under 0.1%).
Risk Factors
- No evidence of insider concern — sales are small and non-executive.
- No near-term catalyst identified from this filing alone.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PANW-1789620273745 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Institutional Cluster | $347.25 | awaiting T+20 | — | $403.39 (−16.17%) |
Oct 9, 2026 17d ago | 144 | $403.83 | awaiting T+20 | — | $403.39 (−0.11%) |
Oct 8, 2026 18d ago | 144 | $418.78 | awaiting T+20 | — | $403.39 (−3.67%) |
Oct 5, 2026 21d ago | Insider Cluster | $419.91 | awaiting T+20 | — | $403.39 (+3.93%) |
Sep 28, 2026 29d ago | Insider Cluster | $388.41 | awaiting T+20 | — | $403.39 (−3.86%) |
Sep 28, 2026 29d ago | Insider Cluster | $388.41 | awaiting T+20 | — | $403.39 (+3.86%) |
Sep 21, 2026 5w ago | Insider Cluster | $374.57 $340.28 | ▼ −9.15% | ▼ −8.59% | $403.39 (+7.70%) |
Sep 21, 2026 5w ago | Insider Cluster | $374.57 $340.28 | ▼ −9.15% | ▼ −8.59% | $403.39 (+7.70%) |
Sep 17, 2026 5w ago | ANALYST-DOWNGRADE | $375.06 $370.27 | ▲ +1.28% | ▲ +2.48% | $403.39 (−7.55%) |
Sep 16, 2026 5w ago | Insider Cluster | $375.06 $370.27 | ▼ −1.28% | ▼ −2.73% | $403.39 (+7.55%) |
US Market Status
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