Robert DeMartini - Jun 2, 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
Jun 2, 2022
Transactions value $
$0
Form type
4/A - Amendment
Date filed
6/13/2022, 05:48 PM
Date Of Original Report
Jun 3, 2022
Previous filing
Apr 8, 2022
Next filing
Mar 27, 2023

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 +93.5K +83.91% $0.00 205K Jun 2, 2022 Class A Common Stock 93.5K Direct F1, F3
transaction PRPL Employee Stock Option (right to buy) Award $0 +93.5K +83.91% $0.00 205K Jun 2, 2022 Class A Common Stock 93.5K $6.82 Direct F2, F3
* 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. One-third of the Restricted Stock Units will vest on March 25, 2023, one-half of the remainder will vest on March 25, 2024, and the remainder will vest on March 25, 2025. Fractional numbers will be rounded down to the nearest whole number.
F2 One-third of the Employee Stock Options will vest on March 25, 2023, one-half of the remainder will vest on March 25, 2024, and the remainder will vest on March 25, 2025.
F3 This amended report corrects administrative errors in column 5 of Table II, which had incorrectly stated the Number of Derivative Securities in the (D) column instead of the (A) column.