Pure Storage (PSTG) Form 4: 7,326 Shares Withheld at $87.87
John Colgrove, a director and Chief Visionary Officer of Pure Storage (PSTG), reported a withholding of 7,326 shares on 09/20/2025 to satisfy income tax obligations related to the vesting and net settlement of his equity awards.
Rhea-AI Filing Summary
John Colgrove, a director and Chief Visionary Officer of Pure Storage (PSTG), reported a withholding of 7,326 shares on 09/20/2025 to satisfy income tax obligations related to the vesting and net settlement of his equity awards. The Form 4 shows the withholding was executed at a price of $87.87 per share and is explicitly described as not a sale by the reporting person.
After the reported withholding, Colgrove beneficially owns 6,470,822 shares of Class A common stock. The form was filed by one reporting person and signed by an attorney-in-fact on 09/23/2025.
Positive
- Withholding is not a sale: the filing explicitly states the 7,326 shares were withheld to satisfy tax obligations and "does not represent a sale by the Reporting Person."
- Continued substantial ownership: the reporting person retains 6,470,822 shares of Class A common stock after the withholding.
- Full disclosure: Form 4 includes transaction details (date, code, share amount, price) and an explanatory remark meeting Section 16 reporting standards.
Negative
- None.
Insights
TL;DR: Routine tax-withholding of vested shares; not a market sale and limited immediate informational impact.
The Form 4 documents a withholding of 7,326 Class A shares at $87.87 to satisfy tax obligations from equity award vesting. The filing clarifies this was a net settlement withholding rather than an open-market disposition, which reduces the likelihood this transaction signals a change in insider conviction. The report also states the reporting person continues to hold 6,470,822 shares, providing continuity in disclosed ownership.
TL;DR: Administrative equity award settlement recorded; disclosure meets Section 16 reporting requirements.
The disclosure follows standard practice for net-settlement of vested awards where the issuer withholds shares to cover tax liabilities. The form identifies the reporting person, relationship to the issuer, transaction code, and post-transaction beneficial ownership, and includes an explanatory remark that the withholding does not constitute a sale. This satisfies routine governance transparency obligations without indicating a governance or compensation policy change.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 7,326 | $87.87 | $644K |
Footnotes (1)
- F1. 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.
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