PSTG insider filing: Ajay Singh retains 284k shares after tax swap

Rhea-AI Filing Summary

Pure Storage, Inc. (PSTG) – Form 4 insider filing

Chief Product Officer Ajay Singh reported an automatic share withholding on 20 Jun 2025 to cover income-tax obligations arising from previously vested equity awards. The filing shows 7,038 Class A common shares withheld at a reference price of $52.87 (transaction code “F”). No open-market sale occurred; the shares were surrendered back to the company solely for tax settlement. Following the transaction, Singh continues to hold 284,066 shares directly, preserving significant ownership alignment with shareholders. The event is routine, non-discretionary, and does not signal a change in the executive’s investment stance.

Insights

Securities Analyst

TL;DR: Routine tax withholding; no insider selling pressure detected.

The “F” code confirms this was a mandatory share surrender to satisfy withholding taxes on vested awards, not a discretionary sale. The officer still owns 284k shares, indicating continued exposure to PSTG’s equity performance. Such transactions are common after vesting cycles and typically carry neutral market impact. Investors should view the filing as administrative rather than a signal of confidence or concern.

Corporate Governance Expert

TL;DR: Compliance event, reflects good reporting hygiene.

The prompt Form 4 filing within two business days demonstrates adherence to Section 16 reporting standards. No red flags emerge: the transaction was involuntary (tax-withholding) and fully disclosed. Internal ownership remains substantial, supporting governance best practices that tie executive incentives to shareholder value. Impact on valuation or control dynamics is negligible.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Singh Ajay

Role Chief Product Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	7,038	$52.87	$372K

Holdings After Transaction: Class A Common Stock — 284,066 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Singh Ajay

(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 Product Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

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	06/20/2025		F		7,038(1)	D	$52.87	284,066	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

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.

Remarks:

	/s/ Todd Wheeler, attorney-in-fact	06/23/2025
	** 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

How many Pure Storage (PSTG) shares were withheld for taxes?

7,038 shares of Class A common stock were withheld.

What price was applied to the withheld PSTG shares?

The shares were valued at $52.87 per share for withholding purposes.

How many PSTG shares does Ajay Singh own after the transaction?

He directly owns 284,066 shares following the withholding event.

Did Ajay Singh sell any Pure Storage shares in this Form 4?

No. The filing reflects an involuntary withholding for taxes, not an open-market sale.

What does transaction code "F" signify in this Form 4?

Code "F" indicates shares surrendered to cover tax obligations tied to equity award vesting.