Everpure (PSTG) CPO has shares withheld to cover equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Everpure, Inc. Chief Product Officer Ajay Singh reported a tax-related share disposition under the company’s equity plans. On this Form 4, 34,874 shares of Class A Common Stock were withheld by Everpure at $65.45 per share to cover income tax withholding and remittance obligations tied to vesting and net settlement of prior equity awards, and this is explicitly stated not to be a sale by Singh. Following the withholding, Singh directly holds 360,547 shares of Class A Common Stock, which includes 174 shares acquired on March 15, 2026 through the company’s Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Singh Ajay
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 34,874 | $65.45 | $2.28M |
Holdings After Transaction:
Class A Common Stock — 360,547 shares (Direct)
Footnotes (1)
- 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. Includes 174 shares of Class A Common Stock that were acquired by the Reporting Person on March 15, 2026 pursuant to Issuer's Employee Stock Purchase Plan.
FAQ
What insider transaction did Everpure (PSTG) report for Ajay Singh?
Everpure’s Chief Product Officer Ajay Singh reported a tax-withholding disposition of 34,874 Class A shares. The shares were withheld by the company to cover income tax obligations from vesting equity awards and are not an open-market sale by Singh.
Was Ajay Singh’s Everpure (PSTG) Form 4 transaction a stock sale?
No. The filing states the 34,874 Everpure Class A shares were withheld by the issuer to satisfy income tax withholding and remittance obligations. The footnote clarifies this does not represent a sale by Ajay Singh in the open market.
What role does Ajay Singh hold at Everpure (PSTG) in this Form 4?
In this Form 4, Ajay Singh is identified as Everpure’s Chief Product Officer. The reported transaction reflects administrative tax withholding on equity compensation, rather than discretionary buying or selling of Everpure shares in the public market.