Form 4: Pure Storage Executive Transfers Shares to Trusts in Form 4 Filing

Pure Storage's Chief Visionary Officer, John Colgrove, transferred a total of 1,000,000 Class A common shares to family trusts on January 9, 2025.

Summary

• John Colgrove, Chief Visionary Officer of Pure Storage, filed a Form 4 disclosing the transfer of 1,000,000 Class A common shares.
• 800,000 shares were transferred to The Colgrove Family Charitable Remainder Trust.
• 200,000 shares were transferred to the Colgrove Family Living Trust.
• These transfers were made on January 9, 2025.
• The reporting person and his spouse are co-trustees of both trusts.
• The filing also notes that Colgrove beneficially owns 6,505,235 shares directly and 6,466,959 shares indirectly through various trusts after the transactions.
• The transactions did not involve a sale, but rather a transfer of ownership to the trusts.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of share transfers, with no positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions and does not indicate any specific trend in the storage industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, and this transaction is consistent with typical executive share transfers.
• Similar filings are common among executives at comparable tech companies such as NetApp (NTAP) and Dell Technologies (DELL).

Stakeholder Impact

• The share transfers do not have a direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Pure Storage, PSTG, John Colgrove, share transfer, trust, beneficial ownership, Class A Common Stock