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PSTG Rule 144 Filing: $6.88M Proposed Insider Sale Disclosed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Pure Storage (PSTG) insider filing reports a proposed sale under Rule 144 of 89,301 common shares with an aggregate market value of $6,883,330.01, representing a small fraction of the 326,831,678 shares outstanding. The sale is listed as approximately on 08/29/2025 through the NYSE via Morgan Stanley Smith Barney LLC. The filer acquired the shares on 06/20/2023 as 49,183 restricted shares and 40,118 performance shares. Recent Form 144-related sales by the same person include 37,164 shares on 06/30/2025 for $2,147,923.12 and 18,318 shares on 06/24/2025 for $995,781.14.

Positive

  • Filing discloses broker, acquisition dates, and specific share counts, supporting regulatory transparency
  • Recent sales and planned sale amounts are quantified, enabling investor visibility into insider dispositions

Negative

  • None.

Insights

TL;DR: Insider filed a routine Rule 144 sale of 89,301 PSTG shares; amount is immaterial relative to outstanding shares.

The filing documents a planned sale executed through a broker with clear acquisition history: restricted stock and performance shares both dated 06/20/2023. The aggregate value of the proposed sale ($6.88M) and recent sales in June 2025 are reported, but the proposed shares are a very small percentage of the 326.8M shares outstanding, suggesting limited direct impact on supply or valuation.

TL;DR: Disclosure complies with Rule 144 requirements and includes prior recent sales; no governance red flags apparent from this filing alone.

The notice includes broker identification, acquisition timestamps, and recent sales by the same person, supporting transparency. The signature representation about absence of material non-public information is present. No information in the filing indicates regulatory or governance concerns beyond a standard insider disposition notice.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What does the Form 144 filed for PSTG report?

The form reports a proposed sale of 89,301 common shares of Pure Storage (PSTG) with an aggregate market value of $6,883,330.01.

When is the approximate sale date and which exchange will be used?

The sale is listed as approximately on 08/29/2025 and the filing names the NYSE as the exchange.

How and when were the shares being sold acquired?

The filer acquired shares on 06/20/2023: 49,183 restricted shares and 40,118 performance shares, both from the issuer.

Did the filer sell any PSTG shares recently under Rule 144?

Yes; the filer sold 37,164 shares on 06/30/2025 for $2,147,923.12 and 18,318 shares on 06/24/2025 for $995,781.14.

Who is the broker handling the proposed sale?

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