Charles H. Giancarlo - Mar 15, 2022 Form 4 Insider Report for Pure Storage, Inc. (PSTG)

Role: CEO, Director
Signature: /s/Todd Wheeler, attorney-in-fact
Stock symbol: PSTG
Transactions as of: Mar 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/17/2022, 05:00 PM
Previous filing: Mar 3, 2022
Next filing: Mar 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PSTG	Class A Common Stock	Award	$0	+603K	+51.37%	$0.00	1.78M	Mar 15, 2022	Direct	F1

* 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 Performance-Based Restricted Stock Unit ("PRSU") award. The Issuer's Compensation Committee (the "Committee") authorized the issuance of the underlying shares based upon the achievement of certain performance goals for the fiscal year ending February 6, 2022, with vesting subject to the determination of performance achievement by the Committee, which occurred on March 15, 2022. As a result, 1/3 of the PRSU will vest on March 20, 2022, with the remaining vesting quarterly in equal installments over the next two years, subject to Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) through such dates.

Content

The shares of Class A Common Stock are to be acquired upon the vesting of a Performance-Based Restricted Stock Unit ("PRSU") award. The Issuer's Compensation Committee (the "Committee") authorized the issuance of the underlying shares based upon the achievement of certain performance goals for the fiscal year ending February 6, 2022, with vesting subject to the determination of performance achievement by the Committee, which occurred on March 15, 2022. As a result, 1/3 of the PRSU will vest on March 20, 2022, with the remaining vesting quarterly in equal installments over the next two years, subject to Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) through such dates.