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

Rhea-AI Filing Summary

Pure Storage insider filing (Form 4/A): Chief Accounting Officer Mona Chu exercised 20,647 vested stock options with an exercise price of $10.62 on 10/07/2024, acquiring 20,647 Class A shares. The same day she sold 20,647 Class A shares in multiple transactions at a weighted average price of $51.50 (prices ranged from $51.48 to $51.56). Following the transactions, reported beneficial ownership of Class A common stock changed from 159,139 shares after the acquisition to 138,492 shares after the sale. The filing amends the Form 4 filed on October 9, 2024 to correct the reporting of the option exercise and adjust the post-transaction beneficial ownership.

Positive

• Fully vested option exercise of 20,647 shares was properly reported in the amendment
• Sale price range disclosed ($51.48–$51.56) with a weighted average of $51.50

Negative

• Original Form 4 required amendment to correct reporting of the option exercise and beneficial ownership
• Beneficial ownership decreased from 159,139 shares after the acquisition to 138,492 after the sale

Insights

Securities Analyst

TL;DR: Executive exercised vested options and sold the resulting shares the same day; filing corrects prior Form 4.

The report documents a routine option exercise and contemporaneous sale by Pure Storage's Chief Accounting Officer. The option exercise price was $10.62 and the shares were sold at a weighted average of $51.50, indicating a material gross per-share spread, though net proceeds are not stated. The amendment clarifies prior reporting errors by including the exercised options in the post-transaction beneficial ownership calculation. For investors, this is a standard insider liquidity event rather than a corporate operational disclosure.

Corporate Governance Expert

TL;DR: Amended filing corrects exercise reporting; transactions appear compliant with disclosure requirements.

The filing corrects the original Form 4 by properly reporting a fully vested option exercise (20,647 shares) and the subsequent sale executed on 10/07/2024. The explanatory footnote discloses the sale price range ($51.48–$51.56) and offers to provide per-trade details on request, which aligns with transparency expectations for Section 16 reporting. The amendment and manual signature by an attorney-in-fact demonstrate remedial action to ensure accurate public records.

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)
10/07/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)
10/09/2024

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	10/07/2024		M		20,647	A	$10.62	159,139	D
Class A Common Stock	10/07/2024		S		20,647	D	$51.5(1)	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	10/07/2024		M			20,647	(2)	01/30/2025	Class A Common Stock	20,647	$0	8,311	D

Explanation of Responses:

1. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.48 to $51.56 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. 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 October 9, 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 October 9, 2024 to include the number of stock options exercised on October 7, 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 transactions did Mona Chu report on the Form 4/A for PSTG?

The report shows Mona Chu exercised 20,647 stock options at $10.62 on 10/07/2024 and sold 20,647 Class A shares the same day at a weighted average price of $51.50.

How did the reported beneficial ownership change after the transactions?

Following the reported transactions, beneficial ownership is reported as 159,139 shares after the acquisition and 138,492 shares after the sale.

Why was this Form 4 amended?

The amendment corrects an error in reporting the exercise of stock options and adjusts the reported amount of securities beneficially owned to include the options exercised on 10/07/2024.

What prices were the shares sold at according to the filing?

The filing states shares were sold in multiple transactions at prices ranging from $51.48 to $51.56, with a weighted average price of $51.50.

Are the exercised options vested?

Yes, the filing states the option exercised on 10/07/2024 is fully vested.