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

Rhea-AI Filing Summary

Pure Storage insider transactions: Chief Accounting Officer Mona Chu exercised 25,000 stock options with an exercise price of $10.62 and immediately sold 25,000 Class A shares in multiple transactions at a weighted average price of $50.32 on 09/25/2024. Following these transactions the reporting person directly beneficially owns 138,492 Class A shares and holds 28,958 stock options outstanding. The option exercised was fully vested. This Form 4/A corrects the reporting of the option exercise and adjusts the post-transaction ownership amounts previously reported.

Positive

• Exercise of fully vested options indicates prior compensation vested and converted to equity
• Sale executed at a weighted average price of $50.32, substantially above the $10.62 exercise price, realizing value for the reporting person
• Amendment corrects prior filing, improving disclosure accuracy

Negative

• Insider sold 25,000 shares, reducing direct beneficial ownership from prior reported levels
• Post-transaction direct holdings are 138,492 shares, a lower stake than before the sale

Insights

Financial Analyst

TL;DR: Insider exercised vested options and sold shares, realizing the spread between exercise and market price.

The report shows a common, non-extraordinary insider liquidity event: the Chief Accounting Officer exercised 25,000 options at $10.62 and sold the resulting shares at a weighted average of $50.32, capturing a substantial per-share spread. Post-transaction direct ownership remains material at 138,492 shares plus 28,958 options. The amendment clarifies prior reporting and includes the exercised options. This transaction does not provide information about company operations or financial performance but documents insider monetization of equity compensation.

Corporate Governance Expert

TL;DR: Routine, compliant disclosure correcting prior filing; indicates option vesting and customary sale activity.

The amended Form 4 corrects prior reporting to reflect the exercise of fully vested options and the subsequent sale of those shares. The filing documents compliance with Section 16 reporting obligations and supplies the weighted-average sale price range. From a governance perspective this is a standard disclosure showing that equity-based compensation was exercised and partially monetized while the reporting person retained a meaningful residual stake in Class A shares and options.

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

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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)
09/25/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)
09/27/2024

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	09/25/2024		M		25,000	A	$10.62	163,492	D
Class A Common Stock	09/25/2024		S		25,000	D	$50.32(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	09/25/2024		M			25,000	(2)	01/30/2025	Class A Common Stock	25,000	$0	28,958	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 $50.29 to $50.39 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 September 27, 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 September 27, 2024 to include the number of stock options exercised on September 25, 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 PSTG Form 4/A?

The report shows Mona Chu exercised 25,000 options at $10.62 and sold 25,000 Class A shares at a weighted average price of $50.32 on 09/25/2024.

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

Following the reported transactions the reporting person directly beneficially owns 138,492 Class A shares and holds 28,958 stock options.

Was the exercised option vested?

Yes, the filing states the option exercised on 09/25/2024 was fully vested.

What prices were involved in the sale?

The shares were sold in multiple transactions at prices ranging from $50.29 to $50.39, with a weighted average sale price reported as $50.32.

Why was this Form 4/A filed instead of the original Form 4?

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