Form 4: Pure Storage CEO Charles Giancarlo Reports Stock Transactions
SEC Form 4 Filing
CEO Charles Giancarlo reports disposition of shares to cover tax obligations and discloses beneficial ownership of Pure Storage stock.
Summary
- On June 20, 2024, Charles Giancarlo, CEO of Pure Storage, Inc., reported a transaction involving Class A Common Stock.
- 32,815 shares were disposed of to cover income tax withholding obligations related to the vesting of equity awards at a price of $68.35 per share.
- Following the transaction, Giancarlo directly owns 1,201,196 shares of Class A Common Stock.
- He also indirectly owns 731,414 shares through the Giancarlo Family Trust UAD 11/02/98.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/02/98 | Date of the Giancarlo Family Trust UAD |
| 06/20/2024 | Date of stock transaction |
| 06/24/2024 | Date of signature on the report |
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