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sellWeak cluster of 310b5-1 plan

Lee Klarich sold $19M of PANW

EVP, Chief Product Officer at Palo Alto Networks Inc. 99,669 shares at an average of $188.56, traded Mar 3, 2025, filed Mar 5, 2025.

Warning score
25
Value
$19M
99,669 shares
Holdings after
350,538
-22% from before
From 52-week low
+12%
low $164.65, close $183.68
From 52-week high
-12%
high $208.28, as of Mar 3, 2025

Score components

  • Role
    Officer
    +15
  • Trade size
    $18.8M at market
    +25
  • Share of holdings sold
    Sold 22% of holdings
    +5
  • 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 5, 2025: +127.3%SPY +36.2% · excess +91.1%

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 0000950170-25-033677, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Mar 3, 2025MOption exercise
Common Stock10b5-1
+92,010$32.25$3.0M450,207Mar 5, 2025
Mar 3, 2025SOpen-market sale
Common Stock10b5-1
-8,752$182.99$1.6M441,455Mar 5, 2025
Mar 3, 2025SOpen-market sale
Common Stock10b5-1
-9,247$183.63$1.7M432,208Mar 5, 2025
Mar 3, 2025SOpen-market sale
Common Stock10b5-1
-2,756$184.73$509k429,452Mar 5, 2025
Mar 3, 2025SOpen-market sale
Common Stock10b5-1
-2,805$185.99$522k426,647Mar 5, 2025
Mar 3, 2025SOpen-market sale
Common Stock10b5-1
-2,112$187.41$396k424,535Mar 5, 2025
Mar 3, 2025SOpen-market sale
Common Stock10b5-1
-13,533$188.13$2.5M411,002Mar 5, 2025
Mar 3, 2025SOpen-market sale
Common Stock10b5-1
-7,954$189.37$1.5M403,048Mar 5, 2025
Mar 3, 2025SOpen-market sale
Common Stock10b5-1
-34,907$190.25$6.6M368,141Mar 5, 2025
Mar 3, 2025SOpen-market sale
Common Stock10b5-1
-10,307$191.14$2.0M357,834Mar 5, 2025
Mar 3, 2025SOpen-market sale
Common Stock10b5-1
-4,978$192.16$957k352,856Mar 5, 2025
Mar 3, 2025SOpen-market sale
Common Stock10b5-1
-2,318$193.03$447k350,538Mar 5, 2025
Mar 3, 2025MOption exercise
Stock Option (right to buy)derivative10b5-1
-92,010$0.00$0920,100Mar 5, 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
PANWsell 210b5-1
Palo Alto Networks Inc
Dipak Golechha
EVP, Chief Financial Officer
$1.0M
5,000 shares
-5%
14Weak
PANWsell 210b5-1
Palo Alto Networks Inc
Josh D. Paul
Chief Accounting Officer
$161k
800 shares
-2%

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.

Lee Klarich sold $19M of PANW | InsiderTell