Robert DeMartini - 20 Jun 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
20 Jun 2023
Net transactions value
$0
Form type
4
Filing time
22 Jun 2023, 16:00:32 UTC
Previous filing
20 Jun 2023
Next filing
19 Mar 2024
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 +169,585 $0.000000 169,585 20 Jun 2023 Class A Common Stock 169,585 Direct F1
transaction PRPL Performance Stock Units Award $0 +314,943 $0.000000 314,943 20 Jun 2023 Class A Common Stock 314,943 Direct 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 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; one-third on March 15, 2024; one-half of the remainder on March 15, 2025; and the balance on March 15, 2026 (the "Vesting Period"). Fractional numbers will be rounded down to the nearest whole number.
F2 Each Performance Stock Unit represents a contingent right to receive up to one share of Purple Innovation, Inc. Class A Common Stock after March 15, 2025. Between 0% and 100% of the Performance Stock Units will vest upon Purple Innovation, Inc.'s Class A Common Stock achieving specified target price per share levels on March 15, 2026.