Form 4: Pure Storage CEO Charles Giancarlo Sells Shares to Cover Tax Obligations

Pure Storage CEO Charles Giancarlo sold 32,815 shares of Class A Common Stock to cover income tax obligations related to vesting equity awards.

Summary

• Pure Storage CEO Charles Giancarlo sold 32,815 shares of Class A Common Stock on December 20, 2024.
• The sale was executed at a price of $64.3 per share.
• The shares were withheld by the issuer to satisfy income tax obligations related to the vesting of equity awards.
• This transaction does not represent a discretionary sale by Mr. Giancarlo.
• Following the transaction, Mr. Giancarlo directly owns 1,135,931 shares of Class A Common Stock.
• He also indirectly owns 731,414 shares through the Giancarlo Family Trust.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, and is common among publicly traded companies.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the technology industry.
• Many executives at comparable companies such as NetApp, Dell, and Hewlett Packard Enterprise regularly sell shares for similar reasons.
• These transactions are typically disclosed via SEC Form 4 filings.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Pure Storage, CEO, Charles Giancarlo, stock sale, insider trading, equity awards, tax obligations, Class A Common Stock