Terri Leitgeb - May 25, 2021 Form 4 Insider Report for Blue Apron Holdings, Inc. (APRN)

Role: Chief People Officer
Signature: /s/ Meredith L. Deutsch, as attorney-in-fact for Terri Leitgeb
Stock symbol: APRN
Transactions as of: May 25, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/27/2021, 05:31 PM
Next filing: Mar 1, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	APRN	Performance Stock Unit	Award	$0	+42K		$0.00	42K	May 25, 2021	Class A Common Stock	42K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance stock unit ("PSU") represents a right to receive one share of Class A Common Stock.
F2	On May 25, 2021, the reporting person was granted 42,000 PSUs. Vesting of 50%, 25% and 25% of the PSUs is subject to the issuer's Class A Common Stock achieving certain minimum unweighted closing prices per share averaged over a 30 consecutive trading day period prior to May 25, 2024. PSUs that meet the stock price targets referred to in the prior sentence will vest (i) 50% on the later to occur of (A) the date a stock price target is met and (B) May 25, 2022 and (ii) 50% on May 25, 2024. Any PSUs that have not achieved the performance targets by May 25, 2024 shall expire and have no further force or effect.

Content

Each performance stock unit ("PSU") represents a right to receive one share of Class A Common Stock.

On May 25, 2021, the reporting person was granted 42,000 PSUs. Vesting of 50%, 25% and 25% of the PSUs is subject to the issuer's Class A Common Stock achieving certain minimum unweighted closing prices per share averaged over a 30 consecutive trading day period prior to May 25, 2024. PSUs that meet the stock price targets referred to in the prior sentence will vest (i) 50% on the later to occur of (A) the date a stock price target is met and (B) May 25, 2022 and (ii) 50% on May 25, 2024. Any PSUs that have not achieved the performance targets by May 25, 2024 shall expire and have no further force or effect.