Form 4: Pure Storage Executive John Colgrove Reports Routine Equity Award Tax Withholding

Pure Storage, Inc. Director and Chief Visionary Officer John Colgrove filed a Form 4 detailing the withholding of shares for tax obligations related to vested equity awards.

Summary

• John Colgrove, a Director and Chief Visionary Officer of Pure Storage, Inc. (PSTG), filed a Form 4 reporting a transaction on June 20, 2025.
• The transaction involved the disposition of 7,326 shares of Class A Common Stock at a price of $52.87 per share.
• This disposition was not a sale by Mr. Colgrove but represents shares withheld by Pure Storage to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of his previously reported equity awards.
• Following this transaction, Mr. Colgrove directly beneficially owns 6,478,148 shares of Class A Common Stock.
• Additionally, Mr. Colgrove indirectly beneficially owns 7,131,959 shares through various trusts: 801,959 shares by Colgrove Family Living Trust, 2,765,000 shares by Eric Edward Colgrove Irrevocable Trust DTD Feb 8, 2011, 2,765,000 shares by Richard Winston Colgrove Irrevocable Trust DTD Feb 8, 2011, and 800,000 shares by The Colgrove Family Charitable Remainder Trust.
• His total beneficial ownership, direct and indirect, amounts to 13,610,107 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reports a routine, non-discretionary transaction (tax withholding) related to executive compensation, which is a standard part of public company operations and does not indicate a change in company fundamentals or insider sentiment towards the stock.

Positives

• The reported disposition of shares is for tax withholding purposes related to vested equity awards, indicating that executive compensation is being realized, rather than an open market sale by the insider.
• The significant remaining beneficial ownership by Mr. Colgrove, totaling over 13.6 million shares, demonstrates continued alignment of his interests with shareholders.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Management Comments

• The filing explicitly states that the disposition of 7,326 shares 'Represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of the Reporting Person's equity awards, previously reported on a Form 4, and does not represent a sale by the Reporting Person.'

Industry Context

Form 4 filings are standard disclosures for insider transactions, particularly common for reporting the vesting of equity awards and the associated tax withholdings. This type of transaction is a routine part of executive compensation in publicly traded companies across all industries, including the technology and data storage sector where Pure Storage operates.

Related Party Transactions

• John Colgrove's indirect beneficial ownership includes shares held by the Colgrove Family Living Trust, Eric Edward Colgrove Irrevocable Trust DTD Feb 8, 2011, Richard Winston Colgrove Irrevocable Trust DTD Feb 8, 2011, and The Colgrove Family Charitable Remainder Trust. These trusts are considered related parties through which Mr. Colgrove maintains beneficial ownership.

Stakeholder Impact

• Shareholders: Minimal direct impact as the transaction is a routine tax withholding and not a discretionary sale by an insider. It confirms the vesting of executive equity awards.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

Pure Storage, PSTG, Form 4, Insider Transaction, Equity Awards, Tax Withholding, Executive Compensation, Stock Ownership, John Colgrove