Dan FitzSimons - Sep 20, 2024 Form 4 Insider Report for Pure Storage, Inc. (PSTG)

Signature
/s/ Todd Wheeler, attorney-in-fact
Stock symbol
PSTG
Transactions as of
Sep 20, 2024
Transactions value $
-$1,078,803
Form type
4
Date filed
9/24/2024, 04:29 PM
Previous filing
Aug 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSTG Class A Common Stock Tax liability -$628K -12.6K -10.89% $49.75 103K Sep 20, 2024 Direct F1, F2
transaction PSTG Class A Common Stock Sale -$451K -8.9K -8.61% $50.67 94.4K Sep 23, 2024 Direct F3, F4
* 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 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.
F2 Includes 365 shares of Class A Common Stock that were acquired by the Reporting Person on September 15, 2024 pursuant to Issuer's Employee Stock Purchase Plan.
F3 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 18, 2024.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.37 to $50.94 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.