John Colgrove - Mar 14, 2023 Form 4 Insider Report for Pure Storage, Inc. (PSTG)

Role
Chief Visionary Officer, Director
Signature
/s/ Todd Wheeler, attorney-in-fact
Stock symbol
PSTG
Transactions as of
Mar 14, 2023
Transactions value $
$0
Form type
4
Date filed
3/16/2023, 08:40 PM
Previous filing
Dec 22, 2022
Next filing
Mar 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSTG Class A Common Stock Award $0 +160K +2.02% $0.00 8.07M Mar 14, 2023 Direct F1
holding PSTG Class A Common Stock 702K Mar 14, 2023 By Trust F2
holding PSTG Class A Common Stock 2.77M Mar 14, 2023 By Trust F3
holding PSTG Class A Common Stock 2.77M Mar 14, 2023 By Trust F4
* 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 & Talent Committee (the "Committee") authorized the issuance of the underlying shares based upon the achievement of certain performance goals for the fiscal year ending February 5, 2023, with vesting subject to the determination of performance achievement by the Committee, which occurred on March 14, 2023. As a result, 1/3 of the PRSU will vest on March 20, 2023, 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.
F2 Shares are held by Colgrove Family Living Trust.
F3 Shares are held by Eric Edward Colgrove Irrevocable Trust DTD Feb 8, 2011, Jeff Rothschild TTEE.
F4 Shares are held by Richard Winston Colgrove Irrevocable Trust DTD Feb 8, 2011, Jeff Rothschild TTEE.