Nikesh Arora

Nikesh Arora (chief executive) discloses dealings in Palo Alto Networks Inc to SEC (Form 4). Between 7 June 2021 and 27 March 2026, the trades on record add up to 85 filings.

In open-market terms, that means 1 purchase worth €8.7M on one side and 29 sales worth €108.4M on the other. Netting one side against the other leaves €99.7M of net selling. Unlike grants, an open-market purchase is paid for by the insider, at the market price. The rest of the record consists of 20 share grants and 16 option exercises. So far in 2026, the count stands at 1 purchase and no sales.

Most recently, on 27 March 2026, the filings show an open-market purchase worth €8.7M in Palo Alto Networks Inc. Typically, a trade is published a median of 2 days after it takes place. For comparison, the SEC allows two business days to file a Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.