[Form 4/A] Pure Storage, Inc. Amended Insider Trading Activity

Rhea-AI Filing Summary

Pure Storage director and Chief Accounting Officer Mona Chu reported an amended Form 4 correcting prior reporting for transactions on 12/12/2024. The filing shows she exercised 8,311 stock options with an exercise price of $10.62 and immediately sold 8,311 Class A shares at $62.16. After these transactions, Ms. Chu beneficially owned 138,492 Class A shares. The amendment states the option was fully vested and corrects the previously reported exercise and the post-transaction share total.

Positive

• Amended filing corrects prior reporting, improving disclosure accuracy
• Insider continues to hold 138,492 shares after the transactions, indicating ongoing ownership

Negative

• Reporting person sold 8,311 shares on the same day as exercising options, representing monetization of equity
• Form does not state a 10b5-1 plan in the disclosed fields (no plan box checked in provided content)

Insights

Financial Analyst

TL;DR: Routine insider exercise and sale; limited immediate market impact but increases reported liquidity from long-term compensation.

The reported exercise at $10.62 and sale at $62.16 realized a substantial per-share spread for the reporting person, reflecting prior option grants that are now monetized. The transactions involve 8,311 shares, leaving the insider with 138,492 shares beneficially owned, a meaningful but not controlling stake for a public company of Pure Storage's size. The amendment improves disclosure accuracy, which is important for transparency in insider activity.

Corporate Governance Expert

TL;DR: Disclosure amendment is positive for governance; same-day exercise-and-sale is common but warrants clear reporting.

The Form 4/A corrects the earlier filing and clarifies that the option was fully vested and exercised on 12/12/2024. Timely and accurate amendments are best practice for compliance with Section 16 reporting. The filing does not indicate any 10b5-1 plan; it simply documents the exercise and sale. Accurate insider reporting is material to stakeholders monitoring insider behavior and governance standards.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chu Mona

(Last) (First) (Middle)

2555 AUGUSTINE DRIVE

(Street)

SANTA CLARA CA 95054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Pure Storage, Inc. [ PSTG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)
12/16/2024

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	12/12/2024		M		8,311	A	$10.62	146,803	D
Class A Common Stock	12/12/2024		S		8,311	D	$62.16	138,492	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$10.62	12/12/2024		M			8,311	(1)	01/30/2025	Class A Common Stock	8,311	$0	0	D

Explanation of Responses:

1. This option is fully vested.

Remarks:

This report on Form 4/A amends and replaces in its entirety the Form 4 filed by the Reporting Person on December 16, 2024. This report on Form 4/A (i) corrects an error with respect to the reporting of the exercise of stock options in Table II and (ii) adjusts the Amount of Securities Beneficially Owned Following the Reported Transaction(s) reflected in the Form 4 filed by the Reporting Person on December 16, 2024 to include the number of stock options exercised on December 12, 2024.

	/s/ Todd Wheeler, attorney-in-fact	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Mona Chu report on the Form 4/A for PSTG?

The filing reports that Mona Chu exercised 8,311 options at $10.62 and sold 8,311 Class A shares at $62.16 on 12/12/2024.

How many PSTG shares does the reporting person own after the transactions?

After the reported transactions, the filing shows the reporting person beneficially owned 138,492 Class A shares.

Why was this Form 4 amended?

The amendment corrects the reporting of the option exercise in Table II and adjusts the post-transaction beneficial ownership to include the exercised options.

What was the exercise price and sale price reported?

The exercise price was $10.62 per share and the sale price reported was $62.16 per share.

Was the option fully vested when exercised?

Yes, the filing includes an explanation stating that the option is fully vested.