Form 4: Pure Storage Director Scott Dietzen Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Scott Dietzen, a director at Pure Storage, executed multiple sales of Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On April 4, 2024, Scott Dietzen, a director of Pure Storage, Inc., sold shares of Class A Common Stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on December 15, 2023.
- A total of 132,990 shares were sold at an average price of $52.68, with prices ranging from $52.45 to $53.44 per share.
- An additional 137,590 shares were sold at an average price of $53.95, with prices ranging from $53.45 to $54.38 per share.
- Finally, 1,961 shares were sold at an average price of $54.49, with prices ranging from $54.46 to $54.52 per share.
- Following these transactions, Dietzen continues to beneficially own shares directly and indirectly through the Scott Dietzen 2022 Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider trading. The sentiment is neutral as it simply reports transactions.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public information.
Key Dates
| Date | Description |
|---|---|
| 2023-12-15 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-04-04 | Date of transaction (stock sale) |
| 2024-04-08 | Date of signature on the Form 4 filing |
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