Everpure (P) CPO awarded 49,188 performance stock units tied to $150 target

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Singh Ajay reported acquisition or exercise transactions in this Form 4 filing.

Everpure, Inc. Chief Product Officer Ajay Singh received a grant of 49,188 stock-related performance restricted stock units tied to Class A common stock. The award can be earned only if the prior 30‑trading day average share price reaches $150.00 by the end of fiscal 2029, 2030, or 2031. If the target is met, 33%, 67%, or 100% of the target shares are earned and then vest on March 20 of 2029, 2030, or 2031, subject to continued service and a one‑year post‑vest holding period. Any unearned shares are forfeited if the price target is not achieved by the end of the fiscal year ending in 2031.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Singh Ajay

Role Chief Product Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock-Related Performance Restricted Stock Unit	49,188	$0.00	--

Holdings After Transaction: Stock-Related Performance Restricted Stock Unit — 49,188 shares (Direct, null)

Footnotes (1)

The shares of Class A Common Stock are issuable upon vesting of a Long-Term Performance Incentive Restricted Stock Unit ("LTP") award under the Issuer's 2015 Equity Incentive Plan and related award agreement. Shares may become earned only if the prior 30-trading day average closing price of the Issuer's Class A Common Stock equals or exceeds $150.00 per share, as equitably adjusted to reflect any stock split, reverse stock split, or similar change in the Issuer's capital structure affecting its common stock, measured at the end of fiscal 2029, 2030 or 2031. If achieved, 33%, 67% and 100%, respectively, of the target shares become earned. Earned shares vest on March 20, 2029, March 20, 2030 or March 20, 2031, as applicable, with later vesting limited to incremental shares earned, subject to Reporting Person's Continuous Service through the applicable vesting date. Shares issued upon vesting are subject to a one-year post-vest holding period. If the $150 stock price target is not met by the end of the Issuer's fiscal year ending in 2031, any unearned shares under the LTP award will immediately be forfeited.

Key Figures

Performance RSUs granted: 49,188 units Price hurdle: $150.00 per share Potential underlying shares: 49,188 Class A shares +4 more

7 metrics

Performance RSUs granted 49,188 units Stock-related performance restricted stock units granted to CPO Ajay Singh

Price hurdle $150.00 per share Prior 30-trading day average closing price required to earn award

Potential underlying shares 49,188 Class A shares Underlying Class A common stock tied to the performance RSUs

Post-transaction holdings 49,188 derivative units Total stock-related performance RSUs following this grant

First vesting date March 20, 2029 Earliest vesting date for earned shares under the award terms

Final vesting date March 20, 2031 Latest scheduled vesting date for fully earned shares

Performance measurement window end Fiscal year ending 2031 Deadline to achieve $150 price target before unearned shares are forfeited

Key Terms

Stock-Related Performance Restricted Stock Unit, Long-Term Performance Incentive Restricted Stock Unit ("LTP") award, 2015 Equity Incentive Plan, Continuous Service, +1 more

5 terms

Long-Term Performance Incentive Restricted Stock Unit ("LTP") award financial

"issuable upon vesting of a Long-Term Performance Incentive Restricted Stock Unit ("LTP") award"

2015 Equity Incentive Plan financial

"under the Issuer's 2015 Equity Incentive Plan and related award agreement"

Continuous Service financial

"subject to Reporting Person's Continuous Service through the applicable vesting date"

post-vest holding period financial

"Shares issued upon vesting are subject to a one-year post-vest holding period"

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 04:12 PM

SEC Form 4

FORM 4

UNITED 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^*

Singh Ajay

(Last)

(First)

(Middle)

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Product Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock-Related Performance Restricted Stock Unit	$0	05/14/2026		A		49,188		⁽¹⁾	⁽²⁾	Class A Common Stock	49,188	$0	49,188	D

Explanation of Responses:

1. The shares of Class A Common Stock are issuable upon vesting of a Long-Term Performance Incentive Restricted Stock Unit ("LTP") award under the Issuer's 2015 Equity Incentive Plan and related award agreement. Shares may become earned only if the prior 30-trading day average closing price of the Issuer's Class A Common Stock equals or exceeds $150.00 per share, as equitably adjusted to reflect any stock split, reverse stock split, or similar change in the Issuer's capital structure affecting its common stock, measured at the end of fiscal 2029, 2030 or 2031. If achieved, 33%, 67% and 100%, respectively, of the target shares become earned. Earned shares vest on March 20, 2029, March 20, 2030 or March 20, 2031, as applicable, with later vesting limited to incremental shares earned, subject to Reporting Person's Continuous Service through the applicable vesting date. Shares issued upon vesting are subject to a one-year post-vest holding period.

2. If the $150 stock price target is not met by the end of the Issuer's fiscal year ending in 2031, any unearned shares under the LTP award will immediately be forfeited.

Remarks:

	/s/ Nicole Armstrong, attorney-in-fact	05/18/2026
	** Signature of Reporting Person	Date
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) Chief Product Officer Ajay Singh report in this Form 4?

Ajay Singh reported receiving a grant of 49,188 stock-related performance restricted stock units. These units are tied to Everpure’s Class A common stock and are part of a long-term incentive award under the company’s 2015 Equity Incentive Plan.

How many Everpure (P) performance stock units did Ajay Singh receive?

Ajay Singh received 49,188 stock-related performance restricted stock units. These units represent potential Class A common shares that will only be earned and later vest if strict future stock price and service conditions described in the grant are satisfied.

What stock price target must Everpure (P) hit for Ajay Singh’s award to be earned?

The award requires a $150.00 per share average closing price over 30 trading days. This target must be met by the end of Everpure’s fiscal 2029, 2030, or 2031 for portions of the 49,188 target shares to be earned under the long-term performance plan.

When do Ajay Singh’s Everpure (P) performance units vest if earned?

Earned shares vest on March 20, 2029, March 20, 2030, or March 20, 2031. Vesting timing depends on when the $150.00 stock price target is achieved, and also requires Ajay Singh’s continuous service through the applicable vesting date.

What happens if Everpure (P) never reaches the $150 stock price target?

If Everpure’s stock fails to hit the $150.00 average price target by the end of the fiscal year ending in 2031, any unearned portion of the 49,188 performance units will be immediately forfeited. In that case, Ajay Singh would not receive those forfeited shares.

Is there a holding period on Ajay Singh’s Everpure (P) earned shares?

Yes. Any shares issued to Ajay Singh upon vesting of the performance units are subject to a one-year post-vest holding period. This means he must hold the vested shares for at least one year before they can be freely transferred or sold.