4//SEC Filing
Singh Ajay 4
Accession 0001209191-23-037216
CIK 0001474432other
Filed
Jun 13, 8:00 PM ET
Accepted
Jun 14, 9:44 PM ET
Size
8.4 KB
Accession
0001209191-23-037216
Insider Transaction Report
Form 4
Singh Ajay
Chief Product Officer
Transactions
- Award
Stock-Related Performance Restricted Stock Unit
2023-06-10+284,734→ 284,734 totalExercise: $0.00→ Class A Common Stock (284,734 underlying) - Sale
Class A Common Stock
2023-06-13$36.42/sh−37,084$1,350,418→ 414,393 total
Footnotes (3)
- [F1]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.30 to $36.56 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]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.
- [F3]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.
Documents
Issuer
Pure Storage, Inc.
CIK 0001474432
Entity typeother
Related Parties
1- filerCIK 0001897944
Filing Metadata
- Form type
- 4
- Filed
- Jun 13, 8:00 PM ET
- Accepted
- Jun 14, 9:44 PM ET
- Size
- 8.4 KB