John Colgrove - Aug 20, 2024 Form 4 Insider Report for Pure Storage, Inc. (PSTG)

Role
Chief Visionary Officer, Director
Signature
/s/ Todd Wheeler, attorney-in-fact
Stock symbol
PSTG
Transactions as of
Aug 20, 2024
Transactions value $
-$6,176,000
Form type
4
Date filed
8/21/2024, 04:45 PM
Previous filing
Aug 7, 2024
Next filing
Sep 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSTG Class A Common Stock Sale -$6.18M -100K -12.5% $61.76 700K Aug 20, 2024 By CRT F1, F2, F3
holding PSTG Class A Common Stock 7.33M Aug 20, 2024 Direct
holding PSTG Class A Common Stock 702K Aug 20, 2024 By Trust F4
holding PSTG Class A Common Stock 2.77M Aug 20, 2024 By Trust F5
holding PSTG Class A Common Stock 2.77M Aug 20, 2024 By Trust F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on behalf of The Colgrove Family Charitable Remainder Trust on April 17, 2024.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.28 to $62.25 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Shares are held by The Colgrove Family Charitable Remainder Trust.
F4 Shares are held by Colgrove Family Living Trust.
F5 Shares are held by Eric Edward Colgrove Irrevocable Trust DTD Feb 8, 2011, Jeff Rothschild TTEE.
F6 Shares are held by Richard Winston Colgrove Irrevocable Trust DTD Feb 8, 2011, Jeff Rothschild TTEE.