Form 4: Pure Storage Executive John Colgrove Disposes of Shares to Cover Tax Obligations

John Colgrove, Chief Visionary Officer of Pure Storage, disposed of 11,486 shares to cover income tax withholding obligations related to vesting equity awards.

Summary

• On June 20, 2024, John Colgrove, the Chief Visionary Officer of Pure Storage, disposed of 11,486 shares of Class A Common Stock.
• The disposal was executed to satisfy income tax withholding and remittance obligations related to the vesting and net settlement of his equity awards.
• The price per share was $68.35.
• Following the transaction, Colgrove directly owns 7,328,207 shares.
• Colgrove also indirectly owns shares through various trusts: 701,959 shares through the Colgrove Family Living Trust, 1,000,000 shares through The Colgrove Family Charitable Remainder Trust, 2,765,000 shares through the Eric Edward Colgrove Irrevocable Trust, and 2,765,000 shares through the Richard Winston Colgrove Irrevocable Trust.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to tax obligations, which is neutral in sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates