Form 4: Pure Storage Executive John Colgrove Transfers 1,000,000 Shares to Charitable Trust
SEC Form 4 Filing
John Colgrove, Chief Visionary Officer of Pure Storage, donated 1,000,000 shares of Class A Common Stock to The Colgrove Family Charitable Remainder Trust on April 17, 2024.
Summary
- On April 17, 2024, John Colgrove, the Chief Visionary Officer of Pure Storage, transferred 1,000,000 shares of Class A Common Stock to The Colgrove Family Charitable Remainder Trust.
- Following this transaction, Colgrove directly owns 7,339,693 shares of Class A Common Stock.
- Colgrove also indirectly owns shares through various trusts, including The Colgrove Family Charitable Remainder Trust (1,000,000 shares), Colgrove Family Living Trust (701,959 shares), Richard Winston Colgrove Irrevocable Trust (2,765,000 shares), and Eric Edward Colgrove Irrevocable Trust (2,765,000 shares).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a stock transaction. It is neutral in sentiment as it simply reports facts.
Positives
- The donation to a charitable trust could be viewed positively from a public relations perspective.
Industry Context
Executive stock transactions are common and are often related to personal financial planning rather than company performance.
Stakeholder Impact
- The transaction itself is unlikely to have a direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| Feb 8, 2011 | Date of Richard Winston Colgrove Irrevocable Trust DTD and Eric Edward Colgrove Irrevocable Trust DTD |
| 04/17/2024 | Date of transaction: Reporting Person contributed 1,000,000 shares of Class A Common Stock to The Colgrove Family Charitable Remainder Trust |
| 04/19/2024 | Date of signature of the report by Todd Wheeler, attorney-in-fact |
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