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sellWeak cluster of 310b5-1 plan

Nikesh Arora sold $13M of PANW

Chief Executive Officer at Palo Alto Networks Inc. 69,947 shares at an average of $181.56, traded Mar 5, 2025, filed Mar 7, 2025.

Warning score
30
Value
$13M
69,947 shares
Holdings after
1,086,671
-6% from before
From 52-week low
+12%
low $164.65, close $184.28
From 52-week high
-12%
high $208.28, as of Mar 5, 2025

Score components

  • Role
    CEO
    +25
  • Trade size
    $12.7M at market
    +25
  • Share of holdings sold
    Sold 6.0% of holdings
    0
  • Cluster
    3 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

PANWOct 9, 2026 · close 418.78
Since filing Mar 7, 2025: +131.5%SPY +37.8% · excess +93.6%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0000950170-25-035543, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Mar 5, 2025MOption exercise
Common Stock10b5-1
+69,947$33.08$2.3M1,156,618Mar 7, 2025
Mar 5, 2025SOpen-market sale
Common Stock10b5-1
-22,454$180.71$4.1M1,134,164Mar 7, 2025
Mar 5, 2025SOpen-market sale
Common Stock10b5-1
-26,549$181.55$4.8M1,107,615Mar 7, 2025
Mar 5, 2025SOpen-market sale
Common Stock10b5-1
-20,864$182.48$3.8M1,086,751Mar 7, 2025
Mar 5, 2025SOpen-market sale
Common Stock10b5-1
-80$183.12$15k1,086,671Mar 7, 2025
Mar 7, 2025DDisposition to issuer
Common Stock10b5-1
-42,558$0.00$01,044,113Mar 7, 2025
Mar 5, 2025MOption exercise
Stock Option (right to buy)derivative10b5-1
-69,947$0.00$01,634,804Mar 7, 2025
Mar 7, 2025AGrant or award
Phantom Stockderivative10b5-1
+42,558$0.00$01,730,180Mar 7, 2025

Related signals

Other insiders at Palo Alto Networks Inc and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
33Weak
PANWsell 2
Palo Alto Networks Inc
Aparna Bawa
director
$103k
250 shares
-5%
21Weak
PANWsell 410b5-1
Palo Alto Networks Inc
Josh D. Paul
Chief Accounting Officer
$158k
400 shares
-1%
40Moderate
PANWsell 5
Palo Alto Networks Inc
Aparna Bawa
director
$102k
260 shares
-5%
47Moderate
PANWsell 510b5-1
Palo Alto Networks Inc
Dipak Golechha
EVP, Chief Financial Officer
$11M
27,500 shares
-19%
75Notable
PANWsell 5
Palo Alto Networks Inc
James J Goetz
director
$7.5M
20,000 shares
-100%
54Moderate
PANWsell 5
Palo Alto Networks Inc
Aparna Bawa
director
$562k
1,500 shares
-23%
59Moderate
PANWsell 5
Palo Alto Networks Inc
John P. Key
director
$940k
2,500 shares
-20%
25Weak
PANWsell 310b5-1
Palo Alto Networks Inc
Josh D. Paul
Chief Accounting Officer
$336k
900 shares
-1%
35Weak
PANWsell10b5-1
Palo Alto Networks Inc
Nikesh Arora
Chief Executive Officer
$173M
846,408 shares
-75%
40Moderate
PANWsell 4
Palo Alto Networks Inc
Aparna Bawa
director
$100k
526 shares
-6%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Nikesh Arora sold $13M of PANW | InsiderTell