Robert DeMartini - 25 Mar 2023 Form 4 Insider Report for Purple Innovation, Inc. (PRPL)

Role
CEO, Director
Signature
/s/ Casey K. McGarvey, Attorney-in-Fact
Issuer symbol
PRPL
Transactions as of
25 Mar 2023
Net transactions value
$0
Form type
4
Filing time
27 Mar 2023, 16:02:49 UTC
Previous filing
13 Jun 2022
Next filing
01 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRPL Class A Common Stock Options Exercise +111,470 +468% 135,278 25 Mar 2023 Direct F1
transaction PRPL Class A Common Stock Options Exercise +55,196 +41% 190,474 25 Mar 2023 Direct F1

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 -111,470 -100% $0.000000* 0 25 Mar 2023 Class A Common Stock 111,470 Direct F1, F2
transaction PRPL Restricted Stock Units Options Exercise $0 -55,196 -59% $0.000000 38,334 25 Mar 2023 Class A Common Stock 55,196 Direct F1, 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.
F2 On March 25, 2022, the reporting person was granted 111,470 restricted stock snits. All the restricted stock units vested on March 25, 2023.
F3 On June 2, 2022, the reporting person was granted 93,530 restricted stock units, of which 55,196 vested on March 25, 2023. The remaining 38,334 restricted stock units will vest on March 25, 2024.