PSTG - Major Decision: John Colgrove Exercises Options Realizing $16.98M At Pure Storage | Benzinga
John Colgrove, Chief Visionary Officer at Pure Storage (NYSE:PSTG), reported a large exercise of company stock options on January 11, according to a new SEC filing.
What Happened: A notable Form 4 filing on Thursday with the U.S. Securities and Exchange Commission revealed that Colgrove, Chief Visionary Officer at Pure Storage, exercised stock options for 499,329 shares of PSTG, resulting in a transaction value of $16,982,179.
Pure Storage shares are currently trading down by 0.0%, with a current price of $36.99 as of Friday morning. This brings the total value of Colgrove's 499,329 shares to $16,982,179.
Delving into Pure Storage's Background
Pure Storage Inc is a US-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.
Pure Storage: A Financial Overview
Positive Revenue Trend: Examining Pure Storage's financials over 3 months reveals ...