NUSSBAUM BENNETT 4
4 · Purple Innovation, Inc. · Filed Aug 19, 2022
Insider Transaction Report
Form 4
NUSSBAUM BENNETT
Interim CFO
Transactions
- Award
Cash-Settled Stock Appreciation Right
2022-08-19+20,000→ 20,000 totalExercise: $6.10→ Class A Common Stock (20,000 underlying)
Footnotes (1)
- [F1]If Mr. Nussbaum remains in continuous service with the Company through December 31, 2023, 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 December 31, 2023, over $6.10 multiplied by (b) 20,000. Such cash payments will, at the option of the Company, be paid within two weeks of December 31, 2023 or in equal installments over twelve months in accordance with the Company's regular payroll practices.