Palo Alto Networks (PANW) director Aparna Bawa sells 1,468 shares through family trust

Q: What insider transactions did PANW director Aparna Bawa report?

Director Aparna Bawa reported open-market sales of 1,468 Palo Alto Networks common shares through The Bawa Family Trust over June 10–12, 2026, according to the Form 4 filing.

Q: At what prices were the Palo Alto Networks (PANW) shares sold?

Reported sales occurred at $265 , $270 , and $280 per share. These prices correspond to separate open-market transactions on June 10, 11, and 12, 2026, as detailed in the Form 4.

Q: How many Palo Alto Networks shares did Aparna Bawa sell in total?

The Form 4 shows total sales of 1,468 common shares . This total comes from three open-market transactions of 377, 555, and 536 shares executed over June 10–12, 2026.

Q: How many Palo Alto Networks shares does Aparna Bawa hold after these transactions?

After the reported sales, Aparna Bawa reports 7,704 shares held indirectly through The Bawa Family Trust and 1,644 shares held directly , based on the post-transaction balances listed in the Form 4.

Q: Who actually holds the Palo Alto Networks shares sold in this Form 4?

The sold shares are held by The Bawa Family Trust , for which Aparna Bawa and her spouse serve as trustees. The Form 4 identifies these positions as indirect ownership by Bawa.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Palo Alto Networks director Aparna Bawa reported open-market sales of 1,468 shares of common stock through The Bawa Family Trust over June 10–12, 2026, at prices between $265 and $280 per share. After these sales, she reports 7,704 indirect and 1,644 direct shares of common stock.

Insider Trade Summary

Net Seller: 1,468 shares ($399,835)

Net Sell 4 txns

Insider Bawa Aparna

Role null

Sold 1,468 shs ($400K)

Type	Security	Shares	Price	Value
Sale	Common Stock	536	$280.00	$150K
Sale	Common Stock	555	$270.00	$150K
holding	Common Stock	--	--	--
Sale	Common Stock	377	$265.00	$100K

Holdings After Transaction: Common Stock — 7,704 shares (Indirect, See footnote); Common Stock — 1,644 shares (Direct, null)

Footnotes (1)

Reflects a transfer of 540 Common Stock shares from the Reporting Person to The Bawa Family Trust. Shares are held by The Bawa Family Trust, for which the Reporting Person and her spouse serve as trustees.

Key Figures

Total shares sold: 1,468 shares Sale prices: $265, $270, $280 per share Indirect holdings after trades: 7,704 shares +2 more

5 metrics

Total shares sold 1,468 shares Open-market sales June 10–12, 2026

Sale prices $265, $270, $280 per share Open-market transactions on June 10–12, 2026

Indirect holdings after trades 7,704 shares Common stock held indirectly after June 12, 2026

Direct holdings 1,644 shares Directly held common stock as of June 11, 2026

Largest single-day sale 555 shares Indirect open-market sale on June 11, 2026 at $270

Key Terms

open-market sale, indirect ownership, The Bawa Family Trust, Form 4

4 terms

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"ownership_type: indirect; nature_of_ownership: See footnote"

The Bawa Family Trust financial

"Shares are held by The Bawa Family Trust, for which the Reporting Person and her spouse serve as trustees."

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/12/2026 - 05:00 PM Accepted by SEC EDGAR 06/12/2026 - 05:00 PM

FAQ

What insider transactions did PANW director Aparna Bawa report?

Director Aparna Bawa reported open-market sales of 1,468 Palo Alto Networks common shares through The Bawa Family Trust over June 10–12, 2026, according to the Form 4 filing.

At what prices were the Palo Alto Networks (PANW) shares sold?

Reported sales occurred at $265, $270, and $280 per share. These prices correspond to separate open-market transactions on June 10, 11, and 12, 2026, as detailed in the Form 4.

How many Palo Alto Networks shares did Aparna Bawa sell in total?

The Form 4 shows total sales of 1,468 common shares. This total comes from three open-market transactions of 377, 555, and 536 shares executed over June 10–12, 2026.

How many Palo Alto Networks shares does Aparna Bawa hold after these transactions?

After the reported sales, Aparna Bawa reports 7,704 shares held indirectly through The Bawa Family Trust and 1,644 shares held directly, based on the post-transaction balances listed in the Form 4.

Who actually holds the Palo Alto Networks shares sold in this Form 4?

The sold shares are held by The Bawa Family Trust, for which Aparna Bawa and her spouse serve as trustees. The Form 4 identifies these positions as indirect ownership by Bawa.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bawa Aparna

(Last)

(First)

(Middle)

C/O PALO ALTO NETWORKS INC.

3000 TANNERY WAY

(Street)

SANTA CLARA

CALIFORNIA

95054

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Palo Alto Networks Inc [ PANW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/10/2026		S		377	D	$265	8,795⁽¹⁾	I	See footnote⁽²⁾
Common Stock	06/11/2026		S		555	D	$270	8,240	I	See footnote⁽²⁾
Common Stock	06/12/2026		S		536	D	$280	7,704	I	See footnote⁽²⁾
Common Stock								1,644⁽¹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects a transfer of 540 Common Stock shares from the Reporting Person to The Bawa Family Trust.

2. Shares are held by The Bawa Family Trust, for which the Reporting Person and her spouse serve as trustees.

	/s/ Elizabeth Villalobos, Attorney-in-Fact for Aparna Bawa	06/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR