Form 4 for PRPL Purple Innovation, Inc.
Accepted 2025-05-12 00:00:00 ET · period of report 2025-05-12 · accession 0001213900-25-042010 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-05-12 | 2025-05-12 | PRPL | HUTCHINGS JEFFREY LAYNE | Chief Innovation Off | M - OptEx | — | +9,827 | 68.8K | +17% | — |
| D | 2025-05-12 | 2025-05-12 | PRPL | HUTCHINGS JEFFREY LAYNE | Chief Innovation Off | M - OptEx | $0.00 | -9,827 | 0 | -100% | $0 |
| D | 2025-05-12 | 2025-05-12 | PRPL | HUTCHINGS JEFFREY LAYNE | Chief Innovation Off | D - Sale to Iss | $0.00 | -54.7K | 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 | 2025-05-12 | M | A | 9,827 | — | 68,831 | D | — | — | (F1) Restricted Stock Units convert into Class A Common Stock on a one-for-one basis. |
| 2 | Derivative | Restricted Stock Units | 2025-05-12 | M | D | 9,827 | $0.00 | 0 | D | — · — to — | 9,827 Class A Common Stock | (F1) Restricted Stock Units convert into Class A Common Stock on a one-for-one basis. (F2) On May 12, 2022, the reporting person was granted 29,480 Restricted Stock Units. The Restricted Stock Units vest in three annual installments; one-third on May 12, 2023; one-half of the remainder on May 12, 2024; and the remainder on May 12, 2025 (the "Vesting Period"). Fractional numbers will be rounded down to the nearest whole number. |
| 3 | Derivative | Performance Stock Units | 2025-05-12 | D | D | 54,749 | $0.00 | 0 | D | — · — to — | 54,749 Class A Common Stock | (F1) Restricted Stock Units convert into Class A Common Stock on a one-for-one basis. (F3) On May 12, 2022, the Company granted Performance Stock Units that could vest on May 12, 2025, 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. |