4//SEC Filing
Megibow Joseph B 4
Accession 0001013762-21-000023
CIK 0001643953other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 4:09 PM ET
Size
7.1 KB
Accession
0001013762-21-000023
Insider Transaction Report
Form 4
Megibow Joseph B
DirectorChief Executive Officer
Transactions
- Award
Employee Stock Option (right to buy)
2021-10-01+179,340→ 179,340 totalExercise: $22.57Exp: 2026-10-01→ Class A Common Stock (179,340 underlying)
Holdings
- 100,000
Class A Common Stock, par value $0.0001 per share
Footnotes (2)
- [F1]As previously reported, the Company granted Mr. Megibow a performance unit share award of 50,000 shares of Class A Common Stock on May 31, 2019, with shares vesting upon the earlier of the consummation of a change in control of the Company or the satisfaction of the following conditions: (i) Mr. Megibow continuing to be employed by the Company through September 30, 2021, (ii) Mr. Megibow continuing to hold through September 30, 2021 the 50,000 shares acquired to be eligible to receive such award, and (iii) during the twelve-month period immediately prior to March 31, 2022, the closing price of the Company's Class A Common Stock being at or above $10.00 per share for 20 trading days over a 30 trading day period. The conditions were all satisfied, and the performance shares vested, on October 1, 2021.
- [F2]25% of the options granted vest and become exercisable on October 1, 2022. The remaining 75% of the options will vest and become exercisable in monthly installments on the first day of each calendar month beginning on November 1, 2022 in the amount of one-forty-eighth of the full amount for the remaining three years.
Documents
Issuer
Purple Innovation, Inc.
CIK 0001643953
Entity typeother
Related Parties
1- filerCIK 0001703013
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 4:09 PM ET
- Size
- 7.1 KB