John Colgrove - 10 Jun 2023 Form 4 Insider Report for Pure Storage, Inc. (PSTG)

Role
Chief Visionary Officer, Director
Signature
/s/ Todd Wheeler, attorney-in-fact
Issuer symbol
PSTG
Transactions as of
10 Jun 2023
Transactions value $
$0
Form type
4
Filing time
14 Jun 2023, 21:39:42 UTC
Previous filing
22 Mar 2023
Next filing
22 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PSTG Class A Common Stock 8.04M 10 Jun 2023 Direct
holding PSTG Class A Common Stock 702K 10 Jun 2023 By Trust F1
holding PSTG Class A Common Stock 2.77M 10 Jun 2023 By Trust F2
holding PSTG Class A Common Stock 2.77M 10 Jun 2023 By Trust F3

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-Related Performance Restricted Stock Unit Award $0 +285K $0.00 285K 10 Jun 2023 Class A Common Stock 285K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares are held by Colgrove Family Living Trust.
F2 Shares are held by Eric Edward Colgrove Irrevocable Trust DTD Feb 8, 2011, Jeff Rothschild TTEE.
F3 Shares are held by Richard Winston Colgrove Irrevocable Trust DTD Feb 8, 2011, Jeff Rothschild TTEE.
F4 The shares of Class A Common Stock are to be acquired upon the vesting of a Long-Term Performance Incentive Restricted Stock Unit ("LTP") award under the Issuer's 2015 Equity Incentive Plan and related award agreement. The number of shares vested under the LTP Award will be contingent upon the Issuer's market capitalization, as a function of the Issuer's stock price and shares outstanding (the "Market Cap Contingency"), meeting or exceeding $21 billion, measured as of the end of the Issuer's fiscal years ending in 2026, 2027 or 2028, subject to Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) through March 20, 2028.
F5 If the Market Cap Contingency is not met by the end of the Issuer's fiscal year ending in 2028, the LTP award will immediately be forfeited.