Palo Alto Networks Affiliate Files Form 144 to Sell $187K in Common Stock
Palo Alto Networks Inc
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Filing Summary
š Form 144 Notice of Proposed Sale: Palo Alto Networks Inc ($PANW) ā¢ Insider: Aparna Bawa (Affiliate / Trustee for Bawa Family Trust) ā¢ Shares to Sell: 500 Common Shares ā¢ Approx. Market Value: $186,970 (~$373.94/share) ā¢ Broker: J.P. Morgan Securities LLC ā¢ Approximate Sale Date: September 15, 2026 ā¢ Significance: Low
Comprehensive Analysis
Executive Summary
On September 15, 2026, Aparna Bawa, an Affiliate and Trustee of the Bawa Family Trust, filed a Form 144 notice of proposed sale covering 500 shares of Palo Alto Networks Inc ($PANW) common stock. The estimated aggregate market value of the proposed transaction is $186,970.
Transaction Breakdown
- Filer: Aparna Bawa / The Bawa Family Trust
- Relationship: Affiliate
- Number of Shares: 500
- Aggregate Market Value: $186,970
- Implied Price per Share: ~$373.94
- Broker: J.P. Morgan Securities LLC
- Anticipated Sale Date: September 15, 2026
- Origin of Shares: Acquired via RSU award vestings from the issuer (28 shares vested September 1, 2025; 472 shares vested September 1, 2024, subsequently transferred on September 29, 2025).
Historical Context (Past 3 Months)
The trust has reported several previous sales within the trailing three months:
- 09/14/2026: 540 shares for $201,746.70
- 09/14/2026: 460 shares for $171,858.30
- 07/01/2026: 290 shares for $101,115.11
- 06/29/2026: 632 shares for $201,355.05
- 06/22/2026: 345 shares for $100,086.54
Market Impact & Significance
This filing represents a routine, small-scale liquidation of equity awards held in trust, representing an insignificant fraction of Palo Alto Networks' 818 million outstanding shares. Trading significance is Low.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.