Form 4: Pure Storage CFO Kevan Krysler Reports Stock Transaction

Pure Storage's Chief Financial Officer, Kevan Krysler, reported a transaction involving the withholding of 12,679 shares to cover tax obligations.

Summary

• Kevan Krysler, the Chief Financial Officer of Pure Storage, Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on December 20, 2024, where 12,679 shares of Class A Common Stock were withheld by the issuer.
• These shares were withheld to satisfy income tax obligations related to the vesting of Krysler's equity awards.
• The transaction is not a sale by Krysler but a net settlement of equity awards.
• Following the transaction, Krysler directly owns 493,632 shares of Pure Storage stock.

Sentiment

Score: 7

Explanation: The document is a routine SEC filing related to executive compensation, indicating a neutral to slightly positive sentiment as it reflects standard operating procedures.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders at publicly traded companies like Pure Storage.
• The withholding of shares for tax obligations is a common method of settling equity awards, similar to practices at companies like NetApp and Dell Technologies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is a standard procedure for executive compensation.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, SEC Filing, Pure Storage, PSTG, Kevan Krysler, Chief Financial Officer, Stock Transaction, Equity Awards, Tax Withholding