Mallun Yen - Sep 13, 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 13, 2021
Transactions value $
$0
Form type
4
Date filed
9/14/2021, 05:37 PM
Next filing
Jun 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSTG Class A Common Stock Award $0 +27.2K $0.00 27.2K Sep 13, 2021 Direct F1, F2
transaction PSTG Class A Common Stock Award $0 +7.99K +29.38% $0.00 35.2K Sep 13, 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class A Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person. The Restricted Stock Unit award shall vest as follows: 25% of the shares subject to the Restricted Stock Unit award will vest on September 20, 2022 and the remaining 75% of the shares subject to the Restricted Stock Unit award shall vest in 12 substantially equal quarterly installments thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan).
F2 The Restricted Stock Unit award shall be subject to accelerated vesting as follows: In the event of a Change in Control or a Corporate Transaction (each, as defined in the Issuer's 2015 Equity Incentive Plan), the shares subject to the Restricted Stock Unit award will fully vest as of immediately prior to the effective time of such Change in Control or Corporate Transaction, subject to the Reporting Person's Continuous Service on the effective date of such transaction.
F3 The shares of Class A Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person. 100% of the shares subject to the Restricted Stock Unit award will vest in full on the day prior to the Issuer's next annual stockholder meeting, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) on the vesting date, and provided that if the Reporting Person voluntarily resigns as a Director, then the shares subject to the Restricted Stock Unit award will vest as of the effective date of the resignation as to a pro rata number of shares subject to the award based on the Reporting Person's service between the date of grant and the effective date of the resignation.