Everpure (PSTG) CEO exercises 500,000 options, increases direct holdings

Rhea-AI Filing Summary

Everpure, Inc. CEO Charles H. Giancarlo exercised stock options for 500,000 shares of Class A Common Stock at an exercise price of $12.84 per share. Of these, 195,177 shares valued at $60.90 per share were withheld to cover tax obligations, not sold on the market, leaving him with 1,497,932 shares held directly. An additional 731,414 shares are held indirectly by the Giancarlo Family Trust.

Insights

Equity compensation analyst

CEO executes routine option exercise with tax withholding, no open-market sale.

CEO Charles H. Giancarlo exercised options for 500,000 shares of Everpure Class A Common Stock at an exercise price of $12.84 per share. This converts a derivative award into common stock and is typical of long-term equity compensation.

To cover tax obligations, 195,177 shares were withheld by the issuer at $60.90 per share, classified as a tax-withholding disposition rather than a market sale. After these transactions, he holds 1,497,932 shares directly and 731,414 shares indirectly through a family trust.

The filing shows no open-market buying or selling activity, and derivativeSummary is empty for this grant, indicating the reported option was fully exercised. Overall, this appears to be a standard compensation-driven transaction rather than a directional bet on the share price.

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

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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^*

Giancarlo Charles H

(Last) (First) (Middle)

2555 AUGUSTINE DRIVE

(Street)

SANTA CLARA CA 95054

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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

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	03/06/2026		M		500,000	A	$12.84	1,693,109	D
Class A Common Stock	03/06/2026		F		195,177(1)	D	$60.9	1,497,932	D
Class A Common Stock								731,414	I	By Trust(2)

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)	$12.84	03/06/2026		M			500,000	(3)	08/22/2027	Class A Common Stock	500,000	$0	0	D

Explanation of Responses:

1. Represents shares that have been withheld by the Issuer to satisfy its tax withholding and remittance obligations in connection with the option exercises of the Reporting Person and does not represent a sale by the Reporting Person.

2. Shares are held by the Giancarlo Family Trust UAD 11/02/98.

3. This option is fully vested.

Remarks:

	/s/ Nicole Armstrong, attorney-in-fact	03/10/2026
	** 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 Everpure (PSTG) CEO Charles H. Giancarlo report in this Form 4?

He reported exercising stock options for 500,000 shares of Class A Common Stock at an exercise price of $12.84 per share. This converted previously granted options into directly owned shares as part of his equity compensation.

Were any Everpure (PSTG) shares sold on the open market in this Form 4?

No open-market sales were reported. 195,177 shares at $60.90 per share were withheld by the company to satisfy tax obligations from the option exercise, which the filing specifies does not represent a sale by the CEO.

How many Everpure (PSTG) shares does the CEO hold after the reported transactions?

Following the transactions, Charles H. Giancarlo holds 1,497,932 shares of Class A Common Stock directly. In addition, 731,414 shares are held indirectly by the Giancarlo Family Trust UAD 11/02/98, as disclosed in the filing.

What type of derivative security did the Everpure (PSTG) CEO exercise?

He exercised a stock option, described as a “Stock Option (right to buy)” that was fully vested. The option covered 500,000 underlying shares of Class A Common Stock at an exercise price of $12.84 per share before its stated expiration date in 2027.

How is the tax withholding in this Everpure (PSTG) Form 4 characterized?

The filing classifies 195,177 shares as a tax-withholding disposition under code F. A footnote explains these shares were withheld by the issuer to meet tax obligations related to the option exercise and do not represent a market sale by the CEO.