John A. Legg - 15 Mar 2022 Form 4 Insider Report for Purple Innovation, Inc. (PRPL)

Role: Chief Operating Officer
Signature: /s/ Casey K. McGarvey, Attorney-in-Fact
Issuer symbol: PRPL
Transactions as of: 15 Mar 2022
Net transactions value: -$2,404
Form type: 4
Filing time: 17 Mar 2022, 16:00:26 UTC
Previous filing: 03 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRPL	Class A Common Stock	Options Exercise		+1,018	+34%		3,998	15 Mar 2022	Direct	F1
transaction	PRPL	Class A Common Stock	Tax liability	$2,404	-353	-8.8%	$6.81	3,645	15 Mar 2022	Direct

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	Options Exercise	$0	-1,018	-33%	$0.000000	2,038	15 Mar 2022	Class A Common Stock	1,018		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Units convert into Class A Common Stock on a one-for-one basis.
F2	On August 11, 2021, the reporting person was granted 3,056 Restricted Stock Units, vesting in three annual installments beginning on March 15, 2022.