4//SEC Filing
Anthos Pano 4
Accession 0001213900-21-029176
CIK 0001643953other
Filed
May 24, 8:00 PM ET
Accepted
May 25, 8:19 PM ET
Size
11.2 KB
Accession
0001213900-21-029176
Insider Transaction Report
Form 4
Anthos Pano
Director
Transactions
- Award
Class A Common Stock
2021-05-21+2,969→ 25,387 total - Exercise/Conversion
Class A Common Stock
2021-05-25$11.50/sh+1,415$16,273→ 26,802 total - Disposition to Issuer
Class A Common Stock
2021-05-25$30.85/sh−528$16,289→ 26,274 total - Exercise/Conversion
Private Placement Warrants (right to buy)
2021-05-25−2,830→ 0 totalFrom: 2021-05-25Exp: 2023-02-02→ Class A Common Stock (1,415 underlying)
Footnotes (2)
- [F1]On May 25, 2021, Mr. Anthos exercised 2,830 warrants (the "Private Placement Warrants") on a cashless basis pursuant to the Warrant Agreement, dated as of July 29, 2015, by and between the Issuer and Continental Stock Transfer & Trust Company (the "Warrant Agreement"), with each Private Placement Warrant exercisable for one-half share of Common Stock per Private Placement Warrant at a price of $11.50 per whole share. The disposition of Common Stock in connection with the cashless exercise was exempted pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended, by resolution of the board of directors of the Issuer prior to the disposition.
- [F2]The number of shares issuable upon a cashless exercise is determined, in accordance with Section 3.3.1(b) of the Warrant Agreement by dividing (x) the product of the number of shares of Common Stock underlying the Private Placement Warrants multiplied by the difference between $11.50 and the Fair Market Value by (y) the Fair Market Value. For this purpose, the "Fair Market Value" is equal to the average last sale price of the Issuer's Common Stock for the ten (10) trading days ending on the third trading day prior to May 25, 2021. The Issuer has calculated the Fair Market Value to be $30.85.
Documents
Issuer
Purple Innovation, Inc.
CIK 0001643953
Entity typeother
Related Parties
1- filerCIK 0001649230
Filing Metadata
- Form type
- 4
- Filed
- May 24, 8:00 PM ET
- Accepted
- May 25, 8:19 PM ET
- Size
- 11.2 KB