Pure Storage Insider's 13.6M Share Position Shows Strong Executive Confidence
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pure Storage (PSTG) Chief Visionary Officer and Director John Colgrove reported multiple transactions and holdings in a Form 4 filing. The primary transaction involved the withholding of 7,326 shares at $52.87 per share on June 20, 2025, for tax obligations related to vesting equity awards.
Following the transaction, Colgrove's holdings include:
- 6,478,148 shares held directly
- 801,959 shares in the Colgrove Family Living Trust
- 5,530,000 shares in two irrevocable trusts (2,765,000 each)
- 800,000 shares in The Colgrove Family Charitable Remainder Trust
The share withholding was automatic for tax purposes and does not represent a direct sale by the insider. Total beneficial ownership across all holdings amounts to 13,610,107 shares, indicating significant insider stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Colgrove John
Role
Chief Visionary Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 7,326 | $52.87 | $387K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 6,478,148 shares (Direct);
Class A Common Stock — 801,959 shares (Indirect, By Trust)
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. Shares are held by Colgrove Family Living Trust. Shares are held by Eric Edward Colgrove Irrevocable Trust DTD Feb 8, 2011, Jeff Rothschild TTEE. Shares are held by Richard Winston Colgrove Irrevocable Trust DTD Feb 8, 2011, Jeff Rothschild TTEE. Shares are held by The Colgrove Family Charitable Remainder Trust.
FAQ
What is John Colgrove's current position at PSTG?
According to the Form 4 filing, John Colgrove serves as both a Director and Chief Visionary Officer at Pure Storage (PSTG).
Was this PSTG stock transaction a sale by John Colgrove?
No, this was not a sale by John Colgrove. As explicitly stated in the filing's explanatory notes, the transaction represents shares withheld by Pure Storage to satisfy income tax withholding obligations related to the vesting of equity awards, and does not represent a sale by the Reporting Person.