Patrice Ann Varni - 28 May 2021 Form 4/A - Amendment Insider Report for Purple Innovation, Inc. (PRPL)

Role: Chief Marketing Officer
Signature: /s/ Casey K. McGarvey, Attorney-in-Fact
Issuer symbol: PRPL
Transactions as of: 28 May 2021
Net transactions value: $0
Form type: 4/A - Amendment
Filing time: 31 May 2022, 11:20:21 UTC
Date Of Original Report: 28 May 2021
Previous filing: 28 May 2021
Next filing: 31 May 2022
SEC: View on sec.gov

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	+12,865		$0.000000	12,865	28 May 2021	Class A Common Stock	12,865		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 the contingent right to receive one share of Class A Common Stock of Purple Innovation, Inc. 25% of the restricted stock units granted will vest on May 28, 2022. The remaining 75% of the units vest in monthly installments on the first day of each calendar month beginning on June 1, 2022 in the amount of one-forty-eighth of the full amount for the remaining three years.
F2	Due to an administrative error in the original report, the original report understated the Number of Derivative Securities Acquired. This amended report states the correct Number of Derivative Securities Acquired.

Content

Each restricted stock unit represents the contingent right to receive one share of Class A Common Stock of Purple Innovation, Inc. 25% of the restricted stock units granted will vest on May 28, 2022. The remaining 75% of the units vest in monthly installments on the first day of each calendar month beginning on June 1, 2022 in the amount of one-forty-eighth of the full amount for the remaining three years.

Due to an administrative error in the original report, the original report understated the Number of Derivative Securities Acquired. This amended report states the correct Number of Derivative Securities Acquired.