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Everpure (PSTG) CPO has shares withheld to cover equity award taxes

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Everpure, Inc. Chief Product Officer Ajay Singh reported a tax-related share disposition under the company’s equity plans. On this Form 4, 34,874 shares of Class A Common Stock were withheld by Everpure at $65.45 per share to cover income tax withholding and remittance obligations tied to vesting and net settlement of prior equity awards, and this is explicitly stated not to be a sale by Singh. Following the withholding, Singh directly holds 360,547 shares of Class A Common Stock, which includes 174 shares acquired on March 15, 2026 through the company’s Employee Stock Purchase Plan.

Positive

  • None.

Negative

  • None.
Insider Singh Ajay
Role Chief Product Officer
Type Security Shares Price Value
Tax Withholding Class A Common Stock 34,874 $65.45 $2.28M
Holdings After Transaction: Class A Common Stock — 360,547 shares (Direct)
Footnotes (1)
  1. Represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of the Reporting Person's equity awards, previously reported on a Form 4, and does not represent a sale by the Reporting Person. Includes 174 shares of Class A Common Stock that were acquired by the Reporting Person on March 15, 2026 pursuant to Issuer's Employee Stock Purchase Plan.
SEC Form 4
FORM 4UNITED 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*
Singh Ajay

(Last)(First)(Middle)
2555 AUGUSTINE DRIVE

(Street)
SANTA CLARA CALIFORNIA 95054

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Everpure, Inc. [ PSTG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Product Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock03/20/2026F34,874(1)D$65.45360,547(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of the Reporting Person's equity awards, previously reported on a Form 4, and does not represent a sale by the Reporting Person.
2. Includes 174 shares of Class A Common Stock that were acquired by the Reporting Person on March 15, 2026 pursuant to Issuer's Employee Stock Purchase Plan.
Remarks:
/s/ Nicole Armstrong, attorney-in-fact03/24/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Everpure (PSTG) report for Ajay Singh?

Everpure’s Chief Product Officer Ajay Singh reported a tax-withholding disposition of 34,874 Class A shares. The shares were withheld by the company to cover income tax obligations from vesting equity awards and are not an open-market sale by Singh.

Was Ajay Singh’s Everpure (PSTG) Form 4 transaction a stock sale?

No. The filing states the 34,874 Everpure Class A shares were withheld by the issuer to satisfy income tax withholding and remittance obligations. The footnote clarifies this does not represent a sale by Ajay Singh in the open market.

How many Everpure (PSTG) shares does Ajay Singh hold after this Form 4?

After the tax-withholding transaction, Ajay Singh directly holds 360,547 Everpure Class A Common shares. This total includes 174 shares he acquired on March 15, 2026 through Everpure’s Employee Stock Purchase Plan, as disclosed in the filing footnotes.

What price was used for Ajay Singh’s Everpure (PSTG) tax-withholding shares?

The 34,874 Everpure Class A shares withheld for tax purposes were valued at $65.45 per share. This price is used solely for the tax-withholding disposition linked to the vesting and net settlement of previously reported equity awards.

What role does Ajay Singh hold at Everpure (PSTG) in this Form 4?

In this Form 4, Ajay Singh is identified as Everpure’s Chief Product Officer. The reported transaction reflects administrative tax withholding on equity compensation, rather than discretionary buying or selling of Everpure shares in the public market.
Everpure

NYSE:PSTG

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PSTG Stock Data

20.50B
310.53M
Computer Hardware
Computer Storage Devices
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United States
SANTA CLARA