[Form 4] Pure Storage, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Ajay Singh, Chief Product Officer and Director of Pure Storage, Inc. (PSTG), reported a transaction dated 09/20/2025. The filing shows 7,038 shares of Class A Common Stock were disposed of at a price of $87.87 per share; the submission explains these shares were withheld by the issuer to satisfy income tax withholding in connection with vesting and net settlement of equity awards and therefore do not represent a sale by the reporting person. After the reported transaction, the reporting person beneficially owned 236,321 shares of Class A Common Stock, which includes 174 shares acquired on 09/15/2025 under the company’s Employee Stock Purchase Plan. The form was signed by an attorney-in-fact on 09/23/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine tax-withholding of vested equity reduced reported holdings; no sale reported.
The Form 4 discloses a deemed disposition of 7,038 Class A shares at $87.87 due to issuer withholding for tax obligations tied to vesting and net settlement of equity awards. This is a non-sale administrative action and the reporting person retains substantial ownership of 236,321 shares, including 174 shares from the ESPP acquired on September 15, 2025. The transaction does not provide new information about company operations or executive intent to sell.
TL;DR: Disclosure is clear and indicates administrative withholding rather than an active disposition by the insider.
The filer properly reported a withholding event and identified the nature of the withholding in the explanation section, clarifying it is not an open-market sale. The signature by an attorney-in-fact is disclosed. This is a routine enforcement of tax-remittance obligations following equity vesting and raises no immediate governance concerns based on the information provided.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 7,038 | $87.87 | $618K |
Footnotes (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 September 15, 2025 pursuant to Issuer's Employee Stock Purchase Plan.