Krysler P. Kevan 4
4 · Pure Storage, Inc. · Filed Jun 14, 2023
Insider Transaction Report
Form 4
Krysler P. Kevan
Chief Financial 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)
Holdings
- 584,056
Class A Common Stock
Footnotes (2)
- [F1]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.
- [F2]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.