PANW CLUSTER SEC Filing Analysis

Latest settled — T+5d

PANW ▲ +8.40% at T+5d

NEUTRAL call ✓ call won +8.40% · α vs SPY +8.08% · entry $257.11 → $278.71

Next anchor: T+20d in 15d

Last close $266.33 (close Jun 8) · +3.58% from $257.11 entry

Entry anchored
May 27, 2026
via day open

T+1d

+9.21%

call +9.21% · α +8.97%

$280.78

settled 13d ago

T+5d

+8.40%

call +8.40% · α +8.08%

$278.71

settled 7d ago

T+20d

—

call — · α —

—

in 15d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Two PANW insiders—the EVP/CPTO and the CAO—sold a combined $231K in open-market sales over a 7-day window. The total is ~0.0001% of market cap, far below the 0.1% materiality threshold, and fits the pattern of routine liquidity-driven sales (diversification, tax planning, 10b5-1). No bearish signal is warranted.

Key Financial Metrics

Direction

selling

Total Value

$231.0K

Insiders

2

Actionable Insight

The dollar amounts are too small to warrant any trading action. Routine diversification by non-CEO executives. Continue to monitor the next earnings release (2.02) for fundamental updates—insider sales at this scale carry no informational content.

Key Facts

EVP/CPTO Klarich Lee sold 543 shares on 2026-05-22 at ~$250.03, total $136K.
CAO Paul Josh D. sold 400 shares on 2026-05-20 at ~$236.95, total $95K.
Total cluster value of $231K represents ~0.0001% of PANW's $209.5B market cap.
No insider open-market purchases observed in the cluster.

Financial Impact

Total insider sales of $231K; immaterial relative to $209.5B market cap

Market Snapshot

Exchange

Nasdaq

Sector

Computer Peripheral Equipment, NEC

Analyst Consensus

80% bullish (64 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-PANW-1779913854570

8 reports for PANW

T+1T+5T+20T+60

67% Hit rate 2 of 3 directional calls best @ T+60▲ +71.07%Feb 28, 2026

Filters

Reports for PANW — sortable, filterable
	Type				Now
Jun 2, 2026 7d ago	8-K BULLISH ★ 7/10	$278.99 awaiting T+5	awaiting T+5	—	$266.33 (−4.54%)
May 31, 2026 9d ago	ANALYST-UPGRADE MIXED ★ 2/10	$181.98 $188.70	▲ +3.69%	▲ +2.61%	$266.33 (+46.35%)
May 27, 2026 13d ago	Insider Cluster NEUTRAL ★ 2/10	$257.11 $278.71	▲ +8.40%	▲ +8.08%	$266.33 (+3.58%)
May 1, 2026 5w ago	ANALYST-UPGRADE MIXED ★ 3/10	$181.98 $188.70	▲ +3.69%	▲ +2.61%	$266.33 (+46.35%)
Apr 11, 2026 8w ago	8-K NEUTRAL ★ 4/10	$162.44 $169.49	▲ +4.34%	▲ +1.04%	$266.33 (+63.95%)
Apr 1, 2026 10w ago	Insider Cluster BEARISH ★ 5/10	$160.60 $166.87	▼ −3.90%	▼ −0.14%	$266.33 (−65.83%)
Mar 27, 2026 10w ago	Insider Cluster BULLISH ★ 7/10	$146.69 $161.81	▲ +10.31%	▲ +6.45%	$266.33 (+81.55%)
Feb 28, 2026 14w ago	Institutional Cluster BULLISH ★ 7/10	$150.08 $164.64	▲ +9.70%	▲ +10.91%	$266.33 (+77.45%)

US Market Status

Market Closed — Opens in 7h 12m

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