Pure Storage (PSTG) Form 144 Discloses Sale of 18,280 Performance Shares

Rhea-AI Filing Summary

This Form 144 notice reports a proposed sale of 18,280 shares of common stock of the issuer, to be sold on 09/11/2025 on the NYSE through Morgan Stanley Smith Barney LLC, with an aggregate market value of $1,505,820.48. The securities were acquired as performance shares: 11,266 on 12/20/2024 and 7,014 on 06/20/2025. The filing also discloses that Ajay Singh sold 22,601 shares on 07/02/2025 for gross proceeds of $1,253,141.82. The notice includes the standard representation that the seller is not aware of any undisclosed material adverse information about the issuer.

Positive

• Transparent compliance: The filer provides detailed acquisition dates, share counts, and broker information consistent with Rule 144 requirements
• Brokered sale: Use of a major broker (Morgan Stanley Smith Barney LLC) indicates an orderly execution channel for the proposed sale

Negative

• Insider selling activity: The filer sold 22,601 shares on 07/02/2025 and proposes to sell 18,280 shares on 09/11/2025, which may be viewed negatively by some investors

Insights

Securities Analyst

TL;DR: Insider sale of 18,280 performance shares scheduled; prior sale of 22,601 shares earlier in July.

The filing documents a planned Rule 144 sale of 18,280 common shares with an indicated aggregate market value of $1.51 million, to be executed through Morgan Stanley Smith Barney on the NYSE on September 11, 2025. Acquisition records show these shares were issued as performance awards on 12/20/2024 and 06/20/2025, which is consistent with standard post-vesting dispositions under Rule 144. The seller previously reported a sale of 22,601 shares on 07/02/2025 for $1.25 million. For investors, these are routine insider dispositions of equity compensation; the filing contains no disclosure of undisclosed adverse information.

Corporate Governance Expert

TL;DR: Transaction appears administrative: sales of recently issued performance shares under Rule 144.

The notice indicates sales of equity granted as performance shares rather than open-market purchases, and the filer affirms compliance representations required by Rule 144. The involvement of a major broker and explicit acquisition dates suggest these are disclosures of vested compensation being transferred to the market. There are no governance red flags or disclosures of material events in this filing.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	18280	1505820.48	328636590	09/11/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/20/2024	Performance Shares	Issuer			11266	12/20/2024	Not Applicable
Common	06/20/2025	Performance Shares	Issuer			7014	06/20/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
AJAY SINGH 2555 Augustine Dr. Santa Clara CA 95054	Common	07/02/2025	22601	1253141.82

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for PSTG disclose about the planned sale?

The filing reports a proposed sale of 18,280 common shares to be sold on 09/11/2025 on the NYSE through Morgan Stanley Smith Barney LLC, valued at $1,505,820.48.

Who is the seller and what prior sales are reported?

The filing identifies Ajay Singh as a seller and shows a prior sale of 22,601 shares on 07/02/2025 for gross proceeds of $1,253,141.82.

How were the securities being sold originally acquired?

The securities were acquired as performance shares: 11,266 on 12/20/2024 and 7,014 on 06/20/2025.

Through which broker will the sale be executed?

The proposed sale is to be executed through Morgan Stanley Smith Barney LLC, Executive Financial Services.

Does the filing disclose any undisclosed material adverse information?

The filer signs the notice representing that they do not know of any material adverse information about the issuer that has not been publicly disclosed.