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Palo Alto Networks(PANW.US) Officer Sells US$59.94 Million in Common Stock

Moomoo News ·  Aug 22 16:36

$Palo Alto Networks (PANW.US)$ Officer Arora Nikesh sold 163.17K shares of common stock on Aug 20, 2024 at an average price of $367.359 for a total value of $59.94 million.

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What is statement of changes in beneficial ownership of securities?

It is a requirement under federal securities laws that mandates individuals, including officers, directors, and those who hold more than 10% of any class of a company's securities (collectively known as "insiders"), to report their purchases, sales, and holdings of their company's securities by submitting Forms 3, 4, and 5.

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