Pure Storage 144 Filing: 95,300 Founder Shares Proposed for Sale

Rhea-AI Filing Summary

Pure Storage, Inc. (PSTG) Form 144 notifies a proposed sale of 95,300 common shares acquired as founders' shares on 10/10/2009. The broker listed is Morgan Stanley Smith Barney LLC and the aggregate market value for the proposed sale is reported as $5,580,768.00 with an approximate sale date of 08/27/2025. The form reports 326,831,678 shares outstanding.

The filing also lists multiple recent Rule 10b5-1 sales by related trusts in late July and August 2025 totaling several hundred thousand shares with combined gross proceeds shown in each line. Several issuer and filer identifying fields in the copy provided are left blank or not populated in the extract.

Positive

• Clear disclosure of number of shares to be sold (95,300), acquisition date (10/10/2009) and broker (Morgan Stanley Smith Barney LLC)
• Aggregate market value of the proposed sale is specified ($5,580,768.00), giving investors explicit magnitude
• Multiple prior 10b5-1 sales are listed, indicating use of documented trading plans for earlier disposals

Negative

• Key issuer and filer fields in the provided extract are not populated, limiting identification and completeness
• Form shows insider liquidity through the proposed sale, which some investors may view unfavorably

Insights

Securities Analyst

TL;DR: A founder-originated block of 95,300 PSTG shares is scheduled for sale through Morgan Stanley, with prior 10b5-1 sales in July–August 2025.

The filing transparently discloses the proposed sale quantity, original acquisition date (10/10/2009) and the broker. The reported aggregate market value ($5,580,768) and the list of recent 10b5-1 sales provide investors with concrete execution context. On balance this is a routine insider liquidity notice rather than a disclosure of operational or financial change.

Corporate Governance Expert

TL;DR: The notice documents an insider sale under Rule 144 and references multiple prior 10b5-1 plan trades.

The inclusion of founder-share provenance and the broker name supports procedural compliance. The form extract lacks some issuer/filer identification fields in the provided content, which limits completeness for governance review. The presence of prior 10b5-1 executions indicates the sales activity is at least partly planned under trading arrangements.

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Accepted by SEC EDGAR 08/27/2025 - 04:36 PM Learn about SEC filing dates

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

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	95300	5580768.00	326831678	08/27/2025	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	10/10/2009	Founders Shares	Issuer			95300	10/10/2009	N/A

* 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
10b5-1 Sales for THE COLGROVE FAM CHARITABLE REM TR U/A DTD 04/05/2024 2555 Augustine Dr. Santa Clara CA 95054	Common	08/26/2025	4700	282046.06
10b5-1 Sales for THE COLGROVE FAM CHARITABLE REM TR U/A DTD 04/05/2024 2555 Augustine Dr. Santa Clara CA 95054	Common	07/31/2025	163925	9887431.44
10b5-1 Sales for THE COLGROVE FAM LIVING TR DTD 7/12/99 U/A DTD 07/12/1999 2555 Augustine Dr. Santa Clara CA 95054	Common	07/31/2025	34824	2100472.24
10b5-1 Sales for THE COLGROVE FAM CHARITABLE REM TR U/A DTD 04/05/2024 2555 Augustine Dr. Santa Clara CA 95054	Common	07/30/2025	127068	7626646.77
10b5-1 Sales for THE COLGROVE FAM LIVING TR DTD 7/12/99 U/A DTD 07/12/1999 2555 Augustine Dr. Santa Clara CA 95054	Common	07/30/2025	60672	3641545.57
10b5-1 Sales for THE COLGROVE FAM CHARITABLE REM TR U/A DTD 04/05/2024 2555 Augustine Dr. Santa Clara CA 95054	Common	07/29/2025	9007	541218.92
10b5-1 Sales for THE COLGROVE FAM LIVING TR DTD 7/12/99 U/A DTD 07/12/1999 2555 Augustine Dr. Santa Clara CA 95054	Common	07/29/2025	4504	270639.50

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 report?

The Form 144 reports a proposed sale of 95,300 Pure Storage common shares with aggregate market value $5,580,768.00 and an approximate sale date of 08/27/2025.

Who is the broker handling the proposed sale on the Form 144?

The broker listed is Morgan Stanley Smith Barney LLC, located at Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004.

When were the shares being offered acquired?

The shares to be sold were acquired as Founders Shares on 10/10/2009 from the issuer.

Does the filing show recent related sales?

Yes; the filing lists multiple Rule 10b5-1 sales in July and August 2025 by related trusts with individual sale amounts and gross proceeds shown.

How many shares outstanding does the Form 144 show?

The document reports 326,831,678 shares outstanding.

Are there completeness issues in the provided Form 144 extract?

Yes; several issuer and filer identification fields in the provided extract are not populated, reducing the form's completeness in this copy.