Palo Alto Networks Officer Files Form 144 to Sell $6.67M in Stock

Executive Summary

On November 2, 2026, William D Jenkins Jr., an Officer at Palo Alto Networks, Inc. ($PANW), filed a Form 144 with the SEC indicating an intention to sell 18,222 shares of common stock. The aggregate market value of the proposed transaction is approximately $6,666,883.14, representing an implied share price of $365.87.

Transaction Details

• Filer: William D Jenkins Jr.
• Relationship: Officer
• Security: Common Stock
• Shares to Sell: 18,222
• Aggregate Market Value: $6,666,883.14
• Approximate Sale Date: November 2, 2026
• Broker: Morgan Stanley Smith Barney LLC Executive Financial Services
• Securities Origin: Acquired on November 1, 2025, via Performance Stock Units directly from the issuer.
• Rule 10b5-1 Trading Plan: Yes; the filing indicates a plan adoption date of June 28, 2026.

Context & Trading Significance

The planned sale has a Medium trading significance. While the aggregate dollar amount of ~$6.67M is substantial, the transaction is executed under a pre-established Rule 10b5-1 trading plan adopted over four months prior on June 28, 2026. Furthermore, the shares originate from vesting Performance Stock Units (PSUs), making this consistent with routine executive compensation monetization rather than a discretionary market-timing trade.