(https://www.cnbc.com/2026/06/02/palo-alto-networks-panw-q3-earnings-2026.html) after February's guidance miss. Same script: beat lowered expectations, raise guidance slightly, stock rallies. But look at the *timing* of insider selling — [ARM's chief people officer dumped shares at $288-$291](https://www.sec.gov/Archives/edgar/data/1973239/000197323926000089/xslF345X06/wk-form4_1779485003.xml) on May 21st before earnings.

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