Form 4: Pure Storage CFO Kevan Krysler Reports Acquisition of Shares Via Performance-Based Restricted Stock Unit Vesting

Chief Financial Officer Kevan Krysler reports the acquisition of Pure Storage Class A Common Stock following the vesting of a Performance-Based Restricted Stock Unit.

Summary

• On March 15, 2025, Pure Storage CFO Kevan Krysler reported the acquisition of 55,149 shares of Class A Common Stock.
• This acquisition is related to the vesting of a Performance-Based Restricted Stock Unit (PRSU) award.
• The Issuer's Compensation & Talent Committee authorized the issuance of these shares based on the achievement of performance goals for the fiscal year ending February 2, 2025.
• The committee determined the performance achievement on March 15, 2025.
• One-third of the PRSU will vest on March 20, 2025, with the remaining vesting quarterly over the next two years, contingent on continuous service.
• Following the reported transaction, Krysler beneficially owns 548,781 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of PRSUs suggests the company met its performance goals, which is a positive indicator. However, it's a routine transaction and doesn't necessarily imply significant changes in the company's outlook.

Positives

• The vesting of the PRSU indicates that performance goals for the fiscal year ending February 2, 2025, were met, as determined by the Compensation & Talent Committee.

Future Outlook

The remaining portion of the PRSU will vest quarterly over the next two years, contingent on Krysler's continuous service.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The vesting of shares aligns the CFO's interests with those of shareholders, as his compensation is tied to the company's performance.

Key Dates