Pure Storage Insider Exercise and Sale: 6,853 Shares at $55.66

Q: What transactions did Mona Chu report for PSTG on 03/01/2024?

Ms. Chu exercised 6,853 stock options at an exercise price of $10.62 and sold 6,853 shares at $55.66 on 03/01/2024.

Q: Why was the Form 4 amended (Form 4/A) for PSTG?

The amendment corrects reporting of the option exercise in Table II and adjusts the reported amount of securities beneficially owned to include the exercised options.

Q: How many shares did Mona Chu beneficially own after the reported transactions?

Table I shows reported beneficial ownership lines of 146,806 and 139,953 Class A shares; Table II lists 63,958 derivative-position shares beneficially owned following the transactions.

Q: What is Mona Chu's role at Pure Storage (PSTG)?

The filing identifies the reporting person as a Director and the company's Chief Accounting Officer .

Q: Was the exercised option vested at the time of exercise?

Yes, the filing states in the explanation that the option is fully vested .

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

Pure Storage reporting person Mona Chu, Chief Accounting Officer, amended a Form 4 to disclose transactions on 03/01/2024. Ms. Chu exercised 6,853 stock options with a $10.62 exercise price and on the same date sold 6,853 shares at $55.66. Table I reports beneficial ownership following the reported transactions as 146,806 and 139,953 Class A shares in two reported lines, while Table II shows 6,853 underlying shares from the exercised option and 63,958 derivative-position shares beneficially owned following the transactions. The amendment corrects the earlier Form 4 by including the option exercise and adjusting the reported beneficial ownership.

Positive

Amendment corrects prior filing to include the option exercise and adjust beneficial ownership, improving disclosure accuracy
Option exercised was fully vested, indicating routine compensation realization rather than an early or accelerated grant
Complete numerical detail provided on exercise price ($10.62), sale price ($55.66), and share counts (6,853)

Negative

Insider sale occurred on the same date as the exercise (6,853 shares sold), which reduces insider-held shares
Original Form 4 omitted the option exercise, requiring an amendment to correct public records

Insights

TL;DR: Executive exercised vested options and immediately sold the resulting shares; amendment clarifies prior reporting.

The filing discloses a routine option exercise (6,853 options at $10.62) and contemporaneous sale of the same number of shares at $55.66 on 03/01/2024. The report is an amendment that corrects earlier reporting omissions by adding the exercised options and updating post-transaction beneficial ownership figures. For investors, this is a standard insider liquidity event and an administrative correction rather than a new corporate development.

TL;DR: Amendment improves disclosure completeness; transactions reflect exercised vested compensation rather than new grants.

The filing indicates the option was fully vested at exercise, per the explanation. The amendment and attorney-in-fact signature show attention to Section 16 reporting compliance. There is no indication of additional grants, derivative issuance, or change in role; the filing solely documents conversion of vested options and an associated sale, and updates beneficial ownership counts accordingly.

Insider Trade Summary

Net Seller: 6,853 shares ($381,438)

Net Sell 3 txns

Insider Chu Mona

Role Chief Accounting Officer

Sold 6,853 shs ($381K)

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	6,853	$0.00	--
Exercise	Class A Common Stock	6,853	$10.62	$73K
Sale	Class A Common Stock	6,853	$55.66	$381K

Holdings After Transaction: Stock Option (right to buy) — 63,958 shares (Direct); Class A Common Stock — 146,806 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

09/04/2025 - 06:28 PM

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

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)
03/01/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)
03/05/2024

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/01/2024		M		6,853	A	$10.62	146,806	D
Class A Common Stock	03/01/2024		S		6,853	D	$55.66	139,953	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$10.62	03/01/2024		M			6,853	⁽¹⁾	01/30/2025	Class A Common Stock	6,853	$0	63,958	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 March 5, 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 March 5, 2024 to include the number of stock options exercised on March 1, 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transactions did Mona Chu report for PSTG on 03/01/2024?

Ms. Chu exercised 6,853 stock options at an exercise price of $10.62 and sold 6,853 shares at $55.66 on 03/01/2024.

Why was the Form 4 amended (Form 4/A) for PSTG?

The amendment corrects reporting of the option exercise in Table II and adjusts the reported amount of securities beneficially owned to include the exercised options.

How many shares did Mona Chu beneficially own after the reported transactions?

Table I shows reported beneficial ownership lines of 146,806 and 139,953 Class A shares; Table II lists 63,958 derivative-position shares beneficially owned following the transactions.

What is Mona Chu's role at Pure Storage (PSTG)?

The filing identifies the reporting person as a Director and the company's Chief Accounting Officer.

Was the exercised option vested at the time of exercise?

Yes, the filing states in the explanation that the option is fully vested.