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 | +450K | $0.00 | 450K | Mar 12, 2025 | Class A Common Stock | 450K | Direct | F1, F2 |
Id | Content |
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F1 | Each Restricted Stock Unit represents a contingent right to receive one share of Purple Innovation, Inc. Class A Common Stock. Such restricted stock units will vest at the sooner of (a) a change in control, as defined in the award agreements, or (b) March 12, 2028, provided that if the recipient's employment with the Company is involuntarily terminated other than for cause, a pro rata number of restricted stock units will vest as of such termination date. |
F2 | This Amended Form 4 is being filed to correctly indicate that this grant was made in 2025, not 2024. |