Form 4: Pure Storage CEO's Stock Transaction for Tax Obligations
Insider Transaction Report
Pure Storage CEO Charles H. Giancarlo reported a disposition of 21,010 Class A Common Stock shares for tax withholding purposes on December 20, 2025, not a sale.
Summary
- Charles H. Giancarlo, CEO and Director of Pure Storage, Inc. (PSTG), reported a transaction involving Class A Common Stock.
- On December 20, 2025, 21,010 shares of Class A Common Stock were disposed of at a price of $69.13 per share.
- This disposition represents shares withheld by Pure Storage to satisfy income tax withholding and remittance obligations related to the vesting and net settlement of Mr. Giancarlo's equity awards, and does not constitute a sale by the reporting person.
- Following this transaction, Mr. Giancarlo directly beneficially owns 1,193,109 shares of Class A Common Stock.
- Additionally, 731,414 shares are indirectly beneficially owned through the Giancarlo Family Trust UAD 11/02/98.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this Form 4 reports a routine, non-discretionary transaction (tax withholding) related to equity awards, rather than a sale or purchase by the insider. It has no direct positive or negative implications for the company's operational or financial performance.
Future Outlook
NA
Industry Context
This filing is a routine insider transaction report (Form 4) detailing a tax-related stock withholding for an executive's equity awards. It does not provide information relevant to broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and not a sale by the CEO. It does not reflect a change in the CEO's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 11/02/1998 | Date of the Giancarlo Family Trust UAD |
| 12/20/2025 | Date of transaction where shares were withheld for tax obligations |
| 12/23/2025 | Date the Form 4 was signed by attorney-in-fact |
Keywords
Pure Storage, PSTG, Charles Giancarlo, CEO, Director, Form 4, Insider Transaction, Stock, Equity Awards, Tax Withholding
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