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

Role: Director
Signature: /s/ Todd Wheeler, attorney-in-fact
Stock symbol: PSTG
Transactions as of: Sep 10, 2021
Transactions value $: -$897,238
Form type: 4
Date filed: 9/14/2021, 05:12 PM
Previous filing: Aug 2, 2021
Next filing: Nov 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PSTG	Class A Common Stock	Options Exercise	$1.09M	+60K	+146.43%	$18.16	101K	Sep 10, 2021	Direct
transaction	PSTG	Class A Common Stock	Sale	-$1.61M	-60K	-59.42%	$26.80	41K	Sep 10, 2021	Direct	F1
transaction	PSTG	Class A Common Stock	Sale	-$379K	-14.2K	-34.55%	$26.78	26.8K	Sep 10, 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	-60K	-30.3%	$0.00	138K	Sep 10, 2021	Class A Common Stock	60K	$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.