Form 4: Pure Storage Officer's Routine Tax Withholding

Pure Storage Chief Visionary Officer John Colgrove reported a routine withholding of 7,326 Class A Common Stock shares for tax obligations related to equity award vesting.

Summary

• John Colgrove, Director and Chief Visionary Officer of Pure Storage, Inc. (PSTG), reported a transaction on December 20, 2025.
• The transaction involved the disposition of 7,326 shares of Class A Common Stock at a price of $69.13 per share.
• These shares were withheld by Pure Storage to cover income tax withholding and remittance obligations associated with the vesting and net settlement of Colgrove's equity awards.
• This transaction does not represent a sale by Mr. Colgrove but rather a standard procedure for settling equity compensation.
• Following this transaction, Mr. Colgrove directly beneficially owns 6,463,496 shares and indirectly owns 701,959 shares via the Colgrove Family Living Trust, 2,765,000 shares via the Eric Edward Colgrove Irrevocable Trust, and 2,765,000 shares via the Richard Winston Colgrove Irrevocable Trust.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding related to equity award vesting, which is a neutral event. It reflects standard compensation practices and does not indicate positive or negative sentiment regarding the company's prospects.

Positives

• The transaction indicates the vesting of equity awards for a key executive, suggesting continued compensation and retention.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged and systematic approach to managing equity compensation and tax obligations.

Negatives

• No direct negatives are present as this is a routine tax withholding, not a discretionary sale.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a tax withholding related to equity compensation. It does not provide information directly related to broader industry trends or competitive landscape, but it is a common practice in the technology sector for executives to receive equity awards and for a portion of those shares to be withheld for tax purposes upon vesting.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• The filing does not mention any litigation or regulatory matters.

Related Party Transactions

• The filing does not disclose any related party dealings beyond the executive's equity compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax withholding, not a discretionary sale. It confirms the vesting of executive equity, a standard component of compensation.
• Employees: No direct impact mentioned.
• Customers/Suppliers/Creditors: No direct impact mentioned.

Next Steps

• The filing does not mention any specific future actions, events, or milestones.

Key Dates

Keywords

Pure Storage, PSTG, Form 4, Insider Transaction, Equity Award, Tax Withholding, John Colgrove, Chief Visionary Officer, Director, Stock Vesting, Rule 10b5-1