Watkins Mark Anderson 4
4 · Purple Innovation, Inc. · Filed May 31, 2019
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.