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sellWeak10b5-1 plan

Nikesh Arora sold $133M of PANW

Chief Executive Officer at Palo Alto Networks Inc. 788,396 shares at an average of $169.11, traded Apr 1, 2025, filed Apr 3, 2025.

Warning score
35
Value
$133M
788,396 shares
Holdings after
317,571
-136% from before
From 52-week low
+4%
low $164.65, close $171.31
From 52-week high
-18%
high $208.28, as of Apr 1, 2025

Score components

  • Role
    CEO
    +25
  • Trade size
    $133.3M at market
    +25
  • Share of holdings sold
    Sold 100% of holdings
    +20
  • Cluster
    No other insider selling within 14 days
    0
  • 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 Apr 3, 2025: +153.5%SPY +47.5% · excess +106.1%

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 0000950170-25-050778, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Apr 1, 2025MOption exercise
Common Stock10b5-1
+264,144$33.08$8.7M581,715Apr 3, 2025
Apr 1, 2025SOpen-market sale
Common Stock10b5-1
-21,152$167.51$3.5M560,563Apr 3, 2025
Apr 1, 2025SOpen-market sale
Common Stock10b5-1
-43,151$168.28$7.3M517,412Apr 3, 2025
Apr 1, 2025SOpen-market sale
Common Stock10b5-1
-76,159$169.41$13M441,253Apr 3, 2025
Apr 1, 2025SOpen-market sale
Common Stock10b5-1
-95,562$170.13$16M345,691Apr 3, 2025
Apr 1, 2025SOpen-market sale
Common Stock10b5-1
-28,120$171.26$4.8M317,571Apr 3, 2025
Apr 2, 2025MOption exercise
Common Stock10b5-1
+227,414$33.08$7.5M544,985Apr 3, 2025
Apr 2, 2025SOpen-market sale
Common Stock10b5-1
-2,532$168.54$427k542,453Apr 3, 2025
Apr 2, 2025SOpen-market sale
Common Stock10b5-1
-2,201$169.72$374k540,252Apr 3, 2025
Apr 2, 2025SOpen-market sale
Common Stock10b5-1
-9,589$170.96$1.6M530,663Apr 3, 2025
Apr 2, 2025SOpen-market sale
Common Stock10b5-1
-54,560$171.89$9.4M476,103Apr 3, 2025
Apr 2, 2025SOpen-market sale
Common Stock10b5-1
-86,586$172.76$15M389,517Apr 3, 2025
Apr 2, 2025SOpen-market sale
Common Stock10b5-1
-55,147$173.62$9.6M334,370Apr 3, 2025
Apr 2, 2025SOpen-market sale
Common Stock10b5-1
-16,799$174.43$2.9M317,571Apr 3, 2025
Apr 3, 2025MOption exercise
Common Stock10b5-1
+296,838$33.08$9.8M614,409Apr 3, 2025
Apr 3, 2025SOpen-market sale
Common Stock10b5-1
-44,182$163.65$7.2M570,227Apr 3, 2025
Apr 3, 2025SOpen-market sale
Common Stock10b5-1
-39,501$164.69$6.5M530,726Apr 3, 2025
Apr 3, 2025SOpen-market sale
Common Stock10b5-1
-81,510$165.75$14M449,216Apr 3, 2025
Apr 3, 2025SOpen-market sale
Common Stock10b5-1
-56,076$166.70$9.3M393,140Apr 3, 2025
Apr 3, 2025SOpen-market sale
Common Stock10b5-1
-71,272$167.65$12M321,868Apr 3, 2025
Apr 3, 2025SOpen-market sale
Common Stock10b5-1
-4,297$168.38$724k317,571Apr 3, 2025
Apr 1, 2025MOption exercise
Stock Option (right to buy)derivative10b5-1
-264,144$0.00$01,370,660Apr 3, 2025
Apr 2, 2025MOption exercise
Stock Option (right to buy)derivative10b5-1
-227,414$0.00$01,143,246Apr 3, 2025
Apr 3, 2025MOption exercise
Stock Option (right to buy)derivative10b5-1
-296,838$0.00$0846,408Apr 3, 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%
30Weak
PANWsell 310b5-1
Palo Alto Networks Inc
Nikesh Arora
Chief Executive Officer
$13M
69,947 shares
-6%
50Moderate
PANWsell 310b5-1
Palo Alto Networks Inc
Nikesh Arora
Chief Executive Officer
$133M
718,449 shares
-51%

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 $133M of PANW | InsiderTell