[144] Pure Storage, Inc. SEC Filing

Rhea-AI Filing Summary

Pure Storage, Inc. (PSTG) Form 144: The Colgrove Family Living Trust, an affiliate and founding shareholder, has filed notice to sell 4,504 common shares through Morgan Stanley on 29 Jul 2025 on the NYSE. At the disclosed aggregate value of $267,537.60 (≈ $59.40/share), the proposed sale equals only 0.001% of the 326.8 million shares outstanding and is therefore quantitatively immaterial to the float.

The trust originally acquired the stock as “Founders Shares” on 10 Oct 2009. Recent history shows additional insider activity: during the past three months the same trust completed 100,000-share sales generating $5.20 million (≈ 0.03% of shares O/S). The filer affirms no undisclosed material adverse information and, if relying on Rule 10b5-1, confirms plan adoption.

No new operational or financial metrics are provided; the filing is purely an insider liquidity event. While continued insider selling can be perceived negatively, the scale is too small to affect ownership structure or market liquidity.

Positive

• Sale equals only 0.001% of shares outstanding, limiting dilution or ownership impact.
• Filer certifies no undisclosed adverse information, reducing informational risk.

Negative

• Continued insider selling (104.5k shares in 3 months) may be viewed skeptically by some investors.

Insights

Financial Analyst

TL;DR: Minor insider sale (4.5k shares) by founder trust; negligible dilution, neutral impact.

The filing covers a routine Form 144 notice. At 0.001% of shares O/S, the $268k sale is immaterial to valuation or float. Even when added to the 100k shares already sold this quarter (0.03% of O/S), the aggregate activity remains below thresholds that typically trigger institutional concern. No operational data or guidance is included, so the transaction should be viewed strictly as personal portfolio diversification. Absent concurrent negative news, I regard the impact on PSTG’s investment thesis as neutral.

Corporate Governance Expert

TL;DR: Ongoing founder-trust selling continues, but scale remains immaterial; governance flags low.

Repeated insider sales often raise alignment questions, yet context matters. The Colgrove trust’s latest 4,504-share notice is de minimis and follows a modest 100k-share program earlier this quarter. PSTG’s board already discloses scheduled 10b5-1 plans, and the filer certifies no undisclosed adverse information. There are no red flags regarding timing or magnitude relative to trading windows. Consequently, I classify governance risk from this filing as low and the market impact as neutral.

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	9007	535015.80	326831678	07/29/2025	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			9007	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 LIVING TR DTD 7/12/99U/A DTD 07/12/1999 2555 Augustine Dr. Santa Clara CA 95054	Common	05/12/2025	100000	5201160.00

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

How many Pure Storage (PSTG) shares are being proposed for sale?

The Form 144 covers 4,504 common shares to be sold.

What is the value of the shares in this Form 144 filing?

The aggregate market value is $267,537.60.

Who is selling the shares in PSTG?

The seller is The Colgrove Family Living Trust, a founder-related entity.

How significant is the sale relative to shares outstanding?

The proposed sale equals about 0.001% of the 326.8 million shares outstanding.

Have there been other recent insider sales by the same trust?

Yes. Over the past three months the trust sold 100,000 shares for $5.20 million.