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
6/13/2022, 05:49 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 Award $0 +500K $0.00 500K Mar 25, 2022 Class A Common Stock 500K Direct F1, F3
transaction PRPL Employee Stock Option (right to buy) Award $0 +500K $0.00 500K Mar 25, 2022 Class A Common Stock 500K $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. The Restricted Stock Units vest in three equal annual installments on the anniversary date of the grant, with the first such vesting to occur on March 25, 2023. Fractional numbers will be rounded down to the nearest whole number
F2 The Employee Stock Options vest in three equal annual installments on the anniversary date of the grant, with the first such vesting to occur on March 25, 2023.
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.