Verdi Ray White III - Aug 11, 2021 Form 4 Insider Report for Purple Innovation, Inc. (PRPL)

Role
Chief Retail Officer
Signature
/s/ Casey K. McGarvey
Stock symbol
PRPL
Transactions as of
Aug 11, 2021
Transactions value $
$0
Form type
4
Date filed
9/3/2021, 12:19 PM
Next filing
Mar 17, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRPL Restricted Stock Units Award $0 +2.41K $0.00 2.41K Aug 11, 2021 Class A Common Stock 2.41K Direct F1
transaction PRPL Performance Stock Units Award $0 +4.48K $0.00 4.48K Aug 11, 2021 Class A Common Stock 4.48K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of Purple Innovation, Inc. Class A Common Stock. The Restricted Stock Units vest in three equal annual installments; one-third on March 15, 2022; one-third on March 15, 2023; and one-third on March 15, 2024 (the "Vesting Period"). Fractional numbers will be rounded down to the nearest whole number.
F2 Each Performance Stock Unit represents a contingent right to receive up to one share of Purple Innovation, Inc. Class A Common Stock after March 15, 2024. Between 0% and 100% of the Performance Stock Units will vest upon Purple Innovation, Inc.'s Class A Common Stock achieving specified target price per share levels on March 15, 2024.