Todd E. Vogensen - 14 Mar 2024 Form 4 Insider Report for Purple Innovation, Inc. (PRPL)

Role
Chief Financial Officer
Signature
/s/ Tricia McDermott, Attorney-in-Fact
Issuer symbol
PRPL
Transactions as of
14 Mar 2024
Net transactions value
$0
Form type
4
Filing time
14 Mar 2024, 17:43:02 UTC
Previous filing
14 Mar 2025
Next filing
21 Jun 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 +129,630 $0.000000 129,630 14 Mar 2024 Class A Common Stock 129,630 Direct F1
transaction PRPL Performance Stock Units Award $0 +240,741 $0.000000 240,741 14 Mar 2024 Class A Common Stock 240,741 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 14, 2025; one-half of the remainder on March 14, 2026; and the balance on March 14, 2027 (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 14, 2027. 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 14, 2027.

Remarks:

Exhibit 24 Power of Attorney