Megibow Joseph B 4
4 · Purple Innovation, Inc. · Filed May 31, 2019
Insider Transaction Report
Form 4
Megibow Joseph B
DirectorChief Executive Officer
Transactions
- Award
Class A Common Stock, par value $0.0001 per share
2019-05-31+50,000→ 100,000 total
Footnotes (1)
- [F1]Represents a performance unit share award granted pursuant to Mr. Megibow's employment agreement, which provided that the Company would grant to Mr. Megibow a number of shares of the Company's Class A Common Stock equal to the number of shares of Class A Common Stock held by Mr. Megibow as of a specific date. These shares vest upon the earlier of the consummation of a change in control of the Company or the satisfaction of the following conditions: (i) Mr. Megibow continues to be employed by the Company through September 30, 2021, (ii) Mr. Megibow continues to hold the shares acquired to be eligible to receive such award through September 30, 2021, and (iii) during the twelve-month period immediately prior to March 31, 2022, the closing price of the Company's Class A Common Stock is at or above $10.00 per share for 20 trading days over a 30 trading day period.