Anita M. Sands - 10 Sep 2021 Form 4 Insider Report for Pure Storage, Inc. (PSTG)

Role: Director
Signature: /s/ Todd Wheeler, attorney-in-fact
Issuer symbol: PSTG
Transactions as of: 10 Sep 2021
Net transactions value: -$897,238
Form type: 4
Filing time: 14 Sep 2021, 17:12:38 UTC
Previous filing: 02 Aug 2021
Next filing: 09 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PSTG	Class A Common Stock	Options Exercise	$1,089,600	+60,000	+146%	$18.16	100,976	10 Sep 2021	Direct
transaction	PSTG	Class A Common Stock	Sale	$1,607,784	-60,000	-59%	$26.80	40,976	10 Sep 2021	Direct	F1
transaction	PSTG	Class A Common Stock	Sale	$379,054	-14,157	-35%	$26.78	26,819	10 Sep 2021	Direct

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	PSTG	Stock Option (right to buy)	Options Exercise	$0	-60,000	-30%	$0.000000	138,000	10 Sep 2021	Class A Common Stock	60,000	$18.16	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.79 to $26.805 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.
F2	5,000 shares vest in equal monthly installments one month from 7/22/2015 over three years. 3,333.33 shares vest in equal monthly installments one month from 7/22/2018 over the next three years. The option shall be subject to accelerated vesting as set forth in optionee's employment agreement with the Issuer. The shares subject to this option are early exercisable, subject to the Issuer's right of repurchase.

Content

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.79 to $26.805 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.

5,000 shares vest in equal monthly installments one month from 7/22/2015 over three years. 3,333.33 shares vest in equal monthly installments one month from 7/22/2018 over the next three years. The option shall be subject to accelerated vesting as set forth in optionee's employment agreement with the Issuer. The shares subject to this option are early exercisable, subject to the Issuer's right of repurchase.