Ajay Singh - 13 Mar 2024 Form 4 Insider Report for Pure Storage, Inc. (PSTG)

Role: Chief Product Officer
Signature: /s/ Todd Wheeler, attorney-in-fact
Issuer symbol: PSTG
Transactions as of: 13 Mar 2024
Transactions value $: $0
Form type: 4
Filing time: 15 Mar 2024, 17:29:41
Previous filing: 22 Dec 2023
Next filing: 22 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PSTG	Class A Common Stock	Award	$0	+113K	+32.93%	$0.00	458K	13 Mar 2024	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 board of directors (the "board") authorized the issuance of the underlying shares based upon the achievement of certain performance goals for the fiscal year ending February 4, 2024, with vesting subject to the board's determination of performance achievement and consideration of other factors, which occurred on March 13, 2024. As a result, 1/3 of the PRSU will vest on March 20, 2024, 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 board of directors (the "board") authorized the issuance of the underlying shares based upon the achievement of certain performance goals for the fiscal year ending February 4, 2024, with vesting subject to the board's determination of performance achievement and consideration of other factors, which occurred on March 13, 2024. As a result, 1/3 of the PRSU will vest on March 20, 2024, 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.