Nikesh Arora sold $173M of PANW
Chief Executive Officer at Palo Alto Networks Inc. 846,408 shares at an average of $204.06, traded Sep 23, 2025, filed Sep 24, 2025.
Score components
- +25RoleCEO
- +25Trade size$172.7M at market
- +20Share of holdings soldSold 75% of holdings
- +8Cluster2 insiders selling within 14 days
- -15Exercise and sellShares came from an option exercise in the same filing
- -2010b5-1 planPre-scheduled under a 10b5-1 plan
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.
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 0001193125-25-215479, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Sep 23, 2025 | MOption exercise Common Stock10b5-1 | +846,408 | $33.08 | $28M | 1,121,421 | Sep 24, 2025 |
| Sep 23, 2025 | SOpen-market sale Common Stock10b5-1 | -382,040 | $203.10 | $78M | 739,381 | Sep 24, 2025 |
| Sep 23, 2025 | SOpen-market sale Common Stock10b5-1 | -110,592 | $203.69 | $23M | 628,789 | Sep 24, 2025 |
| Sep 23, 2025 | SOpen-market sale Common Stock10b5-1 | -251,559 | $204.64 | $51M | 377,230 | Sep 24, 2025 |
| Sep 23, 2025 | SOpen-market sale Common Stock10b5-1 | -32,463 | $205.63 | $6.7M | 344,767 | Sep 24, 2025 |
| Sep 23, 2025 | SOpen-market sale Common Stock10b5-1 | -47,064 | $206.85 | $9.7M | 297,703 | Sep 24, 2025 |
| Sep 23, 2025 | SOpen-market sale Common Stock10b5-1 | -18,669 | $207.63 | $3.9M | 279,034 | Sep 24, 2025 |
| Sep 23, 2025 | SOpen-market sale Common Stock10b5-1 | -4,021 | $208.35 | $838k | 275,013 | Sep 24, 2025 |
| Sep 23, 2025 | MOption exercise Stock Option (right to buy)derivative10b5-1 | -846,408 | $0.00 | $0 | 0 | Sep 24, 2025 |
Related signals
Other insiders at Palo Alto Networks Inc and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 33Weak | Palo Alto Networks Inc | Aparna Bawa director | $103k 250 shares | -5% | |
| 21Weak | Palo Alto Networks Inc | Josh D. Paul Chief Accounting Officer | $158k 400 shares | -1% | |
| 40Moderate | Palo Alto Networks Inc | Aparna Bawa director | $102k 260 shares | -5% | |
| 47Moderate | Palo Alto Networks Inc | Dipak Golechha EVP, Chief Financial Officer | $11M 27,500 shares | -19% | |
| 75Notable | Palo Alto Networks Inc | James J Goetz director | $7.5M 20,000 shares | -100% | |
| 54Moderate | Palo Alto Networks Inc | Aparna Bawa director | $562k 1,500 shares | -23% | |
| 59Moderate | Palo Alto Networks Inc | John P. Key director | $940k 2,500 shares | -20% | |
| 25Weak | Palo Alto Networks Inc | Josh D. Paul Chief Accounting Officer | $336k 900 shares | -1% | |
| 35Weak | Palo Alto Networks Inc | Dipak Golechha EVP, Chief Financial Officer | $1.0M 5,000 shares | -5% | |
| 23Weak | Palo Alto Networks Inc | Lee Klarich EVP Chief Product & Tech Ofcr | $23M 120,774 shares | -40% |
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.