4//SEC Filing
Watkins Mark Anderson 4
Accession 0001213900-19-009877
CIK 0001643953other
Filed
May 30, 8:00 PM ET
Accepted
May 31, 3:37 PM ET
Size
5.8 KB
Accession
0001213900-19-009877
Insider Transaction Report
Form 4
Watkins Mark Anderson
Chief Financial Officer
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2019-05-30$0.90/sh+107,604$96,854→ 0 totalExercise: $5.95From: 2018-11-14Exp: 2019-06-13→ Class A Common Stock (107,604 underlying)
Footnotes (1)
- [F1]Mr. Watkins' 107,604 vested options were cancelled by mutual agreement with Purple Innovation, Inc. Mr. Watkins will receive as consideration for the cancellation an amount equal to multiplying (x) the difference between (i) the closing price of the Company's Class A Common Stock on May 22, 2019 minus (ii) the strike price of $5.9499, by (y) the full l07,604 vested options, less applicable federal and state payroll tax deductions. The closing price on May 22, 2019 was $6.85 per share and the total gross amount of consideration is $96,854.36.
Documents
Issuer
Purple Innovation, Inc.
CIK 0001643953
Entity typeother
Related Parties
1- filerCIK 0001731297
Filing Metadata
- Form type
- 4
- Filed
- May 30, 8:00 PM ET
- Accepted
- May 31, 3:37 PM ET
- Size
- 5.8 KB