Patrice Ann Varni - Sep 1, 2022 Form 4 Insider Report for Purple Innovation, Inc. (PRPL)

Role: Chief Marketing Officer
Signature: /s/ Casey K. McGarvey, Attorney-in-Fact
Stock symbol: PRPL
Transactions as of: Sep 1, 2022
Transactions value $: -$265
Form type: 4
Date filed: 9/2/2022, 04:01 PM
Previous filing: Aug 2, 2022
Next filing: Oct 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRPL	Class A Common Stock	Options Exercise		+268	+9.77%		3.01K	Sep 1, 2022	Direct	F1
transaction	PRPL	Class A Common Stock	Tax liability	-$265	-77	-2.56%	$3.44	2.93K	Sep 1, 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	+268	+3.23%	$0.00	8.58K	Sep 1, 2022	Class A Common Stock	268		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 May 28, 2021, the reporting person was granted 12,865 Restricted Stock Units, 25% of the restricted stock units granted vested on May 28, 2022. The remaining 75% of the units granted 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.