Form 4: Pure Storage Executive Dan FitzSimons Reports Stock Sale and Tax Withholding

Chief Revenue Officer Dan FitzSimons of Pure Storage, Inc. reports the sale of shares and withholding for tax obligations.

Summary

• Dan FitzSimons, Chief Revenue Officer of Pure Storage, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On September 20, 2024, 12,625 shares were withheld by Pure Storage to cover income tax obligations related to the vesting of FitzSimons' equity awards at a price of $49.75.
• These shares were not sold by FitzSimons.
• On September 23, 2024, FitzSimons sold 8,895 shares of Class A Common Stock at a weighted average price of $50.67.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on April 18, 2024.
• FitzSimons also acquired 365 shares through the Employee Stock Purchase Plan on September 15, 2024.
• Following these transactions, FitzSimons beneficially owns 94,446 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions, including tax withholding and sales under a pre-arranged trading plan.

Industry Context

Executive stock transactions are a common occurrence and are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.

Key Dates