Form 4 for PRPL Purple Innovation, Inc.
Accepted 2024-03-19 00:00:00 ET · period of report 2024-03-15 · accession 0001213900-24-024007 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-19 | 2024-03-15 | PRPL | Ulrich George Turner | Principal Accounting Off | M - OptEx | — | +11.2K | 6,147 | New | — |
| DM | 2024-03-19 | 2024-03-15 | PRPL | Ulrich George Turner | Principal Accounting Off | F - Tax | $1.56 | -3,817 | 5,947 | -39% | -$5,955 |
| DM | 2024-03-19 | 2024-03-15 | PRPL | Ulrich George Turner | Principal Accounting Off | M - OptEx | $0.00 | -11.2K | 0 | -100% | $0 |
| D | 2024-03-19 | 2024-03-15 | PRPL | Ulrich George Turner | Principal Accounting Off | D - Sale to Iss | $0.00 | -1,895 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-03-15 | M | A | 6,291 | — | 15,032 | D | — | — | (F1) Restricted Stock Units convert into Class A Common Stock on a one-for-one basis. |
| 2 | Common | Class A Common Stock | 2024-03-15 | F | D | 2,158 | $1.56 | 12,874 | D | — | — | |
| 3 | Common | Class A Common Stock | 2024-03-15 | F | D | 1,459 | $1.56 | 8,741 | D | — | — | |
| 4 | Common | Class A Common Stock | 2024-03-15 | M | A | 4,253 | — | 10,200 | D | — | — | (F1) Restricted Stock Units convert into Class A Common Stock on a one-for-one basis. |
| 5 | Common | Class A Common Stock | 2024-03-15 | F | D | 200 | $1.56 | 5,947 | D | — | — | |
| 6 | Common | Class A Common Stock | 2024-03-15 | M | A | 632 | — | 6,147 | D | — | — | (F1) Restricted Stock Units convert into Class A Common Stock on a one-for-one basis. |
| 7 | Derivative | Restricted Stock Units | 2024-03-15 | M | D | 6,291 | $0.00 | 12,584 | D | — · — to — | 6,291 Class A Common Stock | (F4) 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. |
| 8 | Derivative | Restricted Stock Units | 2024-03-15 | M | D | 4,253 | $0.00 | 4,253 | D | — · — to — | 4,253 Class A Common Stock | (F3) 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, 2023; one-half of the remainder on March 15, 2024; and the balance on March 15, 2025 (the "Vesting Period"). Fractional numbers will be rounded down to the nearest whole number. |
| 9 | Derivative | Restricted Stock Units | 2024-03-15 | M | D | 632 | $0.00 | 0 | D | — · — to — | 632 Class A Common Stock | (F2) 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-half of the remainder on March 15, 2023; and the balance on March 15, 2024 (the "Vesting Period"). Fractional numbers will be rounded down to the nearest whole number. |
| 10 | Derivative | Performance Stock Units | 2024-03-15 | D | D | 1,895 | $0.00 | 0 | D | — · — to — | 0 Class A Common Stock | (F5) On August 11, 2021, the Company granted Performance Stock Units that could vest on March 15, 2024, if PRPL's Class A Common Stock achieved specific target prices per share. No target prices were achieved so no shares of Class A Common Stock were issued for these Performance Stock Units. |