Palo Alto Networks PANW Insider Ownership

NASDAQ PANW

$342.36 -27.91 (-7.54%)

As of: Oct 16, 2026 · 12:05 PM EDT

The most recent Palo Alto Networks (PANW) insider transaction: Lee Klarich (Evp Chief Product Tech Ofcr) gave 60,000 shares as a gift on Oct 8, 2026, reported on Form 4 on Oct 9, 2026. So far in the quarter ending Dec 31, 2026, insiders were net sellers of 61.96K shares.

Updated Oct 11, 2026 Palo Alto Networks (PANW) stock price and overview

Insider Holdings by Owner

4.96Mn Shares

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

0.655%

▼-0.011% pp QoQ

Shares Held by Insiders

5.34Mn

filed for Sep 2026

▼-1.47% QoQ

Shares Outstanding

815.00Mn

815,000,000 shares

Direct Holdings

4.57Mn

Indirect: 763.47K

Net Shares Traded (QoQ)

-79.61K

net selling in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Insiders

Bought Sold

Latest quarter —

Net over range —

Buying quarters —

Insider Ownership Summary

Updated Oct 11, 2026

In the last 12 months, insiders at Palo Alto Networks made open-market purchases of $10 million (68.08K shares) and open-market sales of $133.39 million (589.14K shares).

Palo Alto Networks' open-market purchases in the past 12 months came from one insider, and its sales from 8 insiders.
Among PANW's insiders, Nikesh Arora (Chief Executive Officer) was the top open-market buyer in the past 12 months, with $10 million of stock purchased (68.08K shares) and the latest purchase on March 27, 2026.
On the sell side, Lee Klarich (EVP Chief Product & Tech Officer) led open-market sales of Palo Alto Networks stock over the past 12 months with $88.84 million (425.22K shares), most recently on May 22, 2026.
Palo Alto Networks' latest insider trade on the open market was a sale of 250 shares for $103,070 by Aparna Bawa (Director) on October 9, 2026.
Away from the open market, PANW insiders received 2.33Mn shares in stock awards, acquired 276.03K shares through option exercises and conversions, gave up 495.17K shares to cover taxes or exercise prices and gave away 137.5K shares as gifts over the last 12 months.
Business Quant data shows Palo Alto Networks insiders holding 5.27Mn shares in total in their latest Form 4 filings, down 2.61% from 5.42Mn shares at the end of Q2 2026 and up 4.57% from 5.04Mn shares at the end of Q3 2025.
By type of ownership, PANW insiders hold 86.67% of their shares directly (4.57Mn shares) and 13.33% indirectly (703.22K shares).
Holdings in Palo Alto Networks stock are reported by 17 insiders, the officers, directors and 10% owners who have filed a Form 4 in the past two years.
PANW's largest insider holders by reported holdings are Nir Zuk (EVP, Chief Technology Officer, 3.14Mn shares), Lee Klarich (EVP Chief Product & Tech Officer, 791.05K shares) and James J. Goetz (Director, 431.45K shares).
Nir Zuk holds 59.60% of the combined insider position in Palo Alto Networks.
Institutions accounted for 82.09% of PANW's outstanding shares in Q2 2026, insiders about 0.65% per their latest Form 4 filings, and other investors, including the public, about 17.26%.
In the past year, 14 insiders of Palo Alto Networks submitted 63 Form 4 filings reporting trades, awards or other transactions.
The insider data for PANW reflects Form 4 filings through October 9, 2026.

Form 4 Holdings

Insiders Holding PANW

Insiders 19

Shares held 4.96Mn

Of outstanding 0.609%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	Nir Zuk	Evp, Chief Technology Officer	3,143,516	0	3,143,516	63.3%	05 Aug, 2025
2	Lee Klarich	Evp Chief Product Tech Ofcr	0	555,070	555,070	11.2%	09 Oct, 2026
3	Nikesh Arora	Chief Executive Officer	343,394	0	343,394	6.9%	27 Mar, 2026
4	Mark D Mclaughlin	Chief Executive Officer	254,358	0	254,358	5.1%	25 Oct, 2022
5	William D Jr Jenkins	President	148,217	0	148,217	3.0%	06 Jan, 2026
6	Dipak Golechha	Evp, Chief Financial Officer	117,750	0	117,750	2.4%	28 Sep, 2026
7	Josh D. Paul	Chief Accounting Officer	77,987	0	77,987	1.6%	05 Oct, 2026
8	Asheem Chandna	Director	69,060	0	69,060	1.4%	13 Jan, 2022
9	James J Goetz	Director	0	62,684	62,684	1.3%	10 Dec, 2025
10	Mary Pat Mccarthy	Director	55,023	0	55,023	1.1%	11 Dec, 2025
11	Lorraine Twohill	Director	44,481	0	44,481	0.9%	11 Dec, 2025
12	Helene D Gayle	Director	26,100	0	26,100	0.5%	11 Dec, 2024
13	Carl M. Eschenbach	Director	22,123	0	22,123	0.4%	11 Dec, 2025
14	John Donovan	Director	14,188	0	14,188	0.3%	11 Dec, 2025
15	John P. Key	Director	10,000	0	10,000	0.2%	16 Sep, 2026
16	Mark A. Goodburn	Director	5,728	0	5,728	0.1%	11 Dec, 2025
17	Helle Thorning-Schmidt	Director	5,687	0	5,687	0.1%	03 Sep, 2026
18	Ralph Hamers	Director	5,171	0	5,171	0.1%	13 Mar, 2025
19	Aparna Bawa	Director	0	4,427	4,427	0.1%	09 Oct, 2026

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

3,777 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
08 Oct, 2026	Lee Klarich	Evp Chief Product Tech Ofcr	Disposed G	60,000	$0.00	$0	555,070	Indirect
09 Oct, 2026	Aparna Bawa	Director	Disposed S	170	$410.00	$69.70K	4,507	Indirect
09 Oct, 2026	Aparna Bawa	Director	Disposed S	80	$417.13	$33.37K	4,427	Indirect
01 Oct, 2026	Josh D. Paul	Chief Accounting Officer	Disposed F	1,308	$397.31	$519.68K	78,387	Direct
01 Oct, 2026	Josh D. Paul	Chief Accounting Officer	Disposed S	400	$395.70	$158.28K	77,987	Direct
30 Sep, 2026	Lee Klarich	Evp Chief Product Tech Ofcr	Disposed G	25,000	$0.00	$0	615,070	Indirect
24 Sep, 2026	Aparna Bawa	Director	Disposed S	260	$392.69	$102.10K	4,677	Indirect
24 Sep, 2026	Dipak Golechha	Evp, Chief Financial Officer	Disposed S	900	$388.69	$349.82K	144,350	Direct
24 Sep, 2026	Dipak Golechha	Evp, Chief Financial Officer	Disposed S	2,160	$389.85	$842.07K	142,190	Direct
24 Sep, 2026	Dipak Golechha	Evp, Chief Financial Officer	Disposed S	9,539	$390.66	$3.73Mn	132,651	Direct
24 Sep, 2026	Dipak Golechha	Evp, Chief Financial Officer	Disposed S	5,301	$391.71	$2.08Mn	127,350	Direct
24 Sep, 2026	Dipak Golechha	Evp, Chief Financial Officer	Disposed S	6,400	$392.71	$2.51Mn	120,950	Direct
24 Sep, 2026	Dipak Golechha	Evp, Chief Financial Officer	Disposed S	2,200	$393.58	$865.88K	118,750	Direct
24 Sep, 2026	Dipak Golechha	Evp, Chief Financial Officer	Disposed S	900	$394.98	$355.48K	117,850	Direct
24 Sep, 2026	Dipak Golechha	Evp, Chief Financial Officer	Disposed S	100	$396.21	$39.62K	117,750	Direct
18 Sep, 2026	Josh D. Paul	Chief Accounting Officer	Acquired A	7,211	$0.00	$0	79,695	Direct
17 Sep, 2026	James J Goetz	Director	Disposed S	900	$372.51	$335.26K	19,100	Indirect
17 Sep, 2026	James J Goetz	Director	Disposed S	910	$373.53	$339.91K	18,190	Indirect
17 Sep, 2026	James J Goetz	Director	Disposed S	3,348	$374.72	$1.25Mn	14,842	Indirect
17 Sep, 2026	James J Goetz	Director	Disposed S	4,313	$375.73	$1.62Mn	10,529	Indirect

Showing 1 to 20 of 3,777 transactions