Palo Alto Networks CFO Dipak Golechha Sells $10.8M in Stock via 10b5-1 Plan

Insider Transaction Overview

On September 24, 2026, Dipak Golechha, Executive Vice President and Chief Financial Officer of Palo Alto Networks Inc ($PANW), executed a series of open-market sales totaling 27,500 shares of common stock, generating gross proceeds of approximately $10.77 million.

Transaction Details

• Execution Style: Multiple tranche sales ranging from $388.10 to $396.21 per share.
• Volume-Weighted Average Price (VWAP): ~$391.60 per share.
• Pre-Transaction Direct Holdings: 145,250 shares.
• Shares Sold: 27,500 shares (~18.9% reduction in directly held shares).
• Post-Transaction Direct Holdings: 117,750 shares.

Key Context & Trading Significance

• Rule 10b5-1 Plan: The filing confirms that all sales were conducted pursuant to a pre-scheduled Rule 10b5-1 trading plan established on June 25, 2026.
• Significance Assessment (Medium): While the gross dollar volume of ~$10.8M is substantial and represents nearly a fifth of the CFO's reported direct equity position, the reliance on a pre-arranged 10b5-1 plan mitigates concerns regarding discretionary selling based on material non-public information.