HUTCHINGS JEFFREY LAYNE 4
4 · Purple Innovation, Inc. · Filed May 18, 2022
Insider Transaction Report
Form 4
HUTCHINGS JEFFREY LAYNE
Chief Innovation Officer
Transactions
- Award
Restricted Stock Units
2022-05-12+29,480→ 29,480 total→ Class A Common Stock (29,480 underlying) - Award
Performance Stock Units
2022-05-12+54,749→ 54,749 total→ Class A Common Stock (54,749 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of Purple Innovation, Inc. Class A Common Stock. The Restricted Stock Units vest in three equal annual installments; one-third on May 12, 2023; one-third on May 12, 2024; and one-third on May 12, 2025 (the "Vesting Period"). Fractional numbers will be rounded down to the nearest whole number.
- [F2]Each Performance Stock Unit represents a contingent right to receive up to one share of Purple Innovation, Inc. Class A Common Stock after May 12, 2025. Between 0% and 100% of the Performance Stock Units will vest upon Purple Innovation, Inc.'s Class A Common Stock achieving specified target price per share levels on May 12, 2025.