4//SEC Filing
NUSSBAUM BENNETT 4
Accession 0001213900-21-067008
CIK 0001643953other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 4:00 PM ET
Size
8.2 KB
Accession
0001213900-21-067008
Insider Transaction Report
Form 4
NUSSBAUM BENNETT
Interim CFO
Transactions
- Award
Cash-Settled Stock Appreciation Right
2021-12-13+20,000→ 20,000 totalExercise: $12.60→ Class A Common Stock (20,000 underlying) - Award
Cash-Settled Stock Appreciation Right
2021-08-19+20,000→ 20,000 totalExercise: $26.00→ Class A Common Stock (20,000 underlying)
Footnotes (2)
- [F1]If the volume weighted average price of the Company's Class A Common Stock during the 30 trading days immediately preceding August 19, 2022, or the earlier termination date of Mr. Nussbaum's service with the Company without cause, is in excess of $26.00 per share, the Company will make a cash payment to Mr. Nussbaum in an amount equal to the product of (a) the increase in the volume weighted average price of the Company's Class A Common Stock from $26.00 per share up to a maximum of $36.00 per share multiplied by (b) 20,000.
- [F2]If Mr. Nussbaum remains in continuous service with the Company through August 19, 2022, the Company will make cash payments to Mr. Nussbaum equal, in the aggregate, to the product of (a) the excess of the closing price of the Company's Class A Common Stock on August 19, 2022 over 12.6008 multiplied by (b) 20,000. Such cash payments will be paid in equal installments over twelve months.
Documents
Issuer
Purple Innovation, Inc.
CIK 0001643953
Entity typeother
Related Parties
1- filerCIK 0001260972
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 4:00 PM ET
- Size
- 8.2 KB