Robert DeMartini - Mar 25, 2022 Form 4/A - Amendment Insider Report for Purple Innovation, Inc. (PRPL)

Role: CEO, Director
Signature: /s/ Casey K. McGarvey, Attorney-in-Fact
Stock symbol: PRPL
Transactions as of: Mar 25, 2022
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 4/5/2022, 04:00 PM
Date Of Original Report: Mar 29, 2022
Previous filing: Mar 7, 2022
Next filing: Apr 5, 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	Disposed to Issuer	$0	-23.8K	-75%	$0.00	7.94K	Mar 25, 2022	Class A Common Stock	23.8K		Direct	F1, 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.
F2	This Amended Form 4 amends the Form 4 previously filed on March 29, 2022 and is filed to correct an oversight with respect to the number of derivative securities beneficially owned following the reported transactions therein. As reported in a Form 4 filed December 17, 2021, on December 15, 2021, the reporting person was granted 47,616 Restricted Stock Units, vesting in six equal monthly installments beginning on February 3, 2022. On March 19, 2022, the Company and Mr. DeMartini entered into an amended and restated employment agreement (the "Amended and Restated Employment Agreement"), which provided that the last three installments of this Restricted Stock Unit grant were superseded by the terms of the Amended and Restated Employment Agreement, leaving only the April 3, 2022, vesting to occur.

Content

Each Restricted Stock Unit represents a contingent right to receive one share of Purple Innovation, Inc. Class A Common Stock.

This Amended Form 4 amends the Form 4 previously filed on March 29, 2022 and is filed to correct an oversight with respect to the number of derivative securities beneficially owned following the reported transactions therein. As reported in a Form 4 filed December 17, 2021, on December 15, 2021, the reporting person was granted 47,616 Restricted Stock Units, vesting in six equal monthly installments beginning on February 3, 2022. On March 19, 2022, the Company and Mr. DeMartini entered into an amended and restated employment agreement (the "Amended and Restated Employment Agreement"), which provided that the last three installments of this Restricted Stock Unit grant were superseded by the terms of the Amended and Restated Employment Agreement, leaving only the April 3, 2022, vesting to occur.