Pure Storage, Inc. — Director's Dealing 2023

Jun 15, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Pure Storage, Inc. (PSTG)
CIK: 0001474432
Period of Report: 2023-06-10

Reporting Person: Singh Ajay (Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-13	Class A Common Stock	S	37084	$36.4151	Disposed	414393	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-10	Stock-Related Performance Restricted Stock Unit	$0.00	A	284734	Acquired		Class A Common Stock (284734)	Direct

Footnotes

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.