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Everpure (P) director awarded 3,515 RSUs vesting in 2027 with CIC protection

Filing Impact
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Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Murphy John Francis reported acquisition or exercise transactions in this Form 4 filing.

Everpure, Inc. director John Francis Murphy received an award covering 3,515 shares of Class A Common Stock in the form of Restricted Stock Units. These units were granted at no cash cost and will be settled in shares when they vest.

According to the award terms, 100% of the 3,515 shares are scheduled to vest on June 10, 2027, provided Murphy maintains Continuous Service as defined in Everpure’s 2015 Equity Incentive Plan. If he voluntarily resigns as a director before that date, a pro rata portion vests based on days served. The award will also fully vest immediately before a qualifying Change in Control or Corporate Transaction, subject to his continued service. Following this grant, Murphy holds 19,183 shares of Class A Common Stock directly.

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Insider Murphy John Francis
Role null
Type Security Shares Price Value
Grant/Award Class A Common Stock 3,515 $0.00 --
Holdings After Transaction: Class A Common Stock — 19,183 shares (Direct, null)
Footnotes (1)
  1. The Restricted Stock Unit award shall be subject to accelerated vesting as follows: In the event of a Change in Control or a Corporate Transaction (each, as defined in the Issuer's 2015 Equity Incentive Plan), the shares subject to the Restricted Stock Unit award will fully vest as of immediately prior to the effective time of such Change in Control or Corporate Transaction, subject to the Reporting Person's Continuous Service on the effective date of such Change in Control or Corporate Transaction. The shares of Class A Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person. 100% of the shares subject to the Restricted Stock Unit award will vest on June 10, 2027, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) on the vesting date, and provided that if the Reporting Person voluntarily resigns as a Director, then the shares subject to the Restricted Stock Unit award will vest as of the effective date of the resignation as to 1/365 of the shares subject to the award multiplied by the number of days of the Reporting Person's service between the date of grant and the effective date of the resignation.
RSU grant size 3,515 shares Class A Common Stock award to director John Francis Murphy
Grant price $0.0000 per share Restricted Stock Units granted at no cash cost
Post-grant holdings 19,183 shares Murphy’s direct Class A Common Stock holdings after transaction
Scheduled vesting date June 10, 2027 100% of RSU shares vest on this date if service continues
Vesting on resignation 1/365 per day served Pro rata vesting formula upon voluntary director resignation
Restricted Stock Unit financial
"The shares of Class A Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Change in Control financial
"In the event of a Change in Control or a Corporate Transaction ... the shares subject to the Restricted Stock Unit award will fully vest..."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Corporate Transaction financial
"In the event of a Change in Control or a Corporate Transaction ... the shares subject to the Restricted Stock Unit award will fully vest..."
Continuous Service financial
"subject to the Reporting Person's Continuous Service on the effective date of such Change in Control or Corporate Transaction."
2015 Equity Incentive Plan financial
"each, as defined in the Issuer's 2015 Equity Incentive Plan"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Murphy John Francis
(Last)(First)(Middle)
C/O EVERPURE, INC.
2555 AUGUSTINE DRIVE
(Street)
SANTA CLARA CALIFORNIA 95054
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Everpure, Inc. [ P ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock06/10/2026A3,515(1)(2)A$019,183D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The Restricted Stock Unit award shall be subject to accelerated vesting as follows: In the event of a Change in Control or a Corporate Transaction (each, as defined in the Issuer's 2015 Equity Incentive Plan), the shares subject to the Restricted Stock Unit award will fully vest as of immediately prior to the effective time of such Change in Control or Corporate Transaction, subject to the Reporting Person's Continuous Service on the effective date of such Change in Control or Corporate Transaction.
2. The shares of Class A Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person. 100% of the shares subject to the Restricted Stock Unit award will vest on June 10, 2027, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) on the vesting date, and provided that if the Reporting Person voluntarily resigns as a Director, then the shares subject to the Restricted Stock Unit award will vest as of the effective date of the resignation as to 1/365 of the shares subject to the award multiplied by the number of days of the Reporting Person's service between the date of grant and the effective date of the resignation.
Remarks:
/s/ Nicole Armstrong, attorney-in-fact06/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Everpure (P) director John Francis Murphy receive in this Form 4?

John Francis Murphy received a Restricted Stock Unit award for 3,515 shares of Everpure Class A Common Stock. The award is a stock-based compensation grant, provided at no cash cost, that will convert into shares only when the vesting conditions are met.

When do John Francis Murphy’s 3,515 Everpure (P) RSUs vest?

All 3,515 Restricted Stock Units are scheduled to vest on June 10, 2027, if Murphy remains in Continuous Service under Everpure’s 2015 Equity Incentive Plan. Vesting accelerates in full immediately before a qualifying Change in Control or Corporate Transaction, subject to his continued service.

How does voluntary resignation affect John Francis Murphy’s Everpure RSU award?

If Murphy voluntarily resigns as a director before June 10, 2027, a pro rata portion of the 3,515-share RSU award vests. The vested amount equals 1/365 of the award multiplied by the number of days he served from grant date to resignation date.

What is John Francis Murphy’s Everpure (P) shareholding after this RSU grant?

After the reported grant, Murphy holds 19,183 shares of Everpure Class A Common Stock directly. This figure reflects his position immediately following the award and helps investors understand the scale of his ownership relative to the new 3,515-share grant.

What happens to John Francis Murphy’s Everpure RSUs in a Change in Control?

If Everpure undergoes a Change in Control or Corporate Transaction defined in its 2015 Equity Incentive Plan, Murphy’s 3,515-share RSU award fully vests immediately before the effective time, provided he is in Continuous Service on the transaction’s effective date.