[Form 4] Pure Storage, Inc. Insider Trading Activity

Rhea-AI Filing Summary

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

CEO and Director Charles H. Giancarlo reported a Rule 16 transaction on 06/20/2025 involving 21,011 Class A shares at an administrative price of $52.87 per share. The transaction was coded “F,” indicating the shares were withheld by the issuer solely to satisfy tax-withholding obligations triggered by the vesting of previously granted equity awards. No open-market sale or purchase occurred, so the filing does not reflect a change in the executive’s cash position or market sentiment.

Following the withholding, Giancarlo’s ownership remains substantial at 1,234,957 directly held shares and 731,414 shares held indirectly through the Giancarlo Family Trust, for a combined total of 1,966,371 shares. The executive continues to have a significant economic stake that aligns his interests with shareholders.

Because the activity was a routine tax-settlement event and not a discretionary trade, the filing is generally viewed as neutral from a market-impact perspective. Investors typically assign limited weight to share withholding transactions when evaluating insider sentiment.

Insights

Securities Analyst

TL;DR: Routine tax withholding; executive retains nearly 2 M shares—little signal value or market impact.

The Form 4 shows a non-discretionary share withholding (code F), a common mechanism for covering payroll taxes on vested RSUs or performance shares. Importantly, no shares were sold into the market, so there is no bearish implication. Giancarlo’s post-transaction holding of roughly 1.97 million shares preserves a meaningful ownership stake and continues to align management incentives with shareholder value. Such filings are typically not interpreted as trading signals and should have minimal effect on valuation or liquidity.

Corporate Governance Expert

TL;DR: Standard SEC compliance; reinforces sizeable insider alignment, impact neutral.

From a governance standpoint, the filing demonstrates timely Section 16 compliance. The CEO’s large residual position indicates ongoing alignment but does not represent new capital commitment. Because the transaction stems from mandatory tax obligations, it neither strengthens nor weakens insider confidence. Therefore, the disclosure is not materially impactful to shareholders’ governance risk assessment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Giancarlo Charles H

Role CEO

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	21,011	$52.87	$1.11M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 1,234,957 shares (Direct); Class A Common Stock — 731,414 shares (Indirect, By Trust)

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

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^*

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
Pure Storage, 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)
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		21,011(1)	D	$52.87	1,234,957	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

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

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).
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