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Purple Innovation, Inc. — Director's Dealing 2021
Sep 3, 2021
34158_dirs_2021-09-03_1e2fb013-4aa1-44ae-b8ad-f546c3b4d85e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Purple Innovation, Inc. (PRPL)
CIK: 0001643953
Period of Report: 2021-08-11
Reporting Person: McGarvey Casey Kale (Chief Legal Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-08-11 | Restricted Stock Units | $ | A | 3056 | Acquired | Class A Common Stock (3056) | Direct | |
| 2021-08-11 | Performance Stock Units | $ | A | 5675 | Acquired | Class A Common Stock (5675) | Direct |
Footnotes
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, 2022; one-third on March 15, 2023; and one-third on March 15, 2024 (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, 2024. 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, 2024.