McGarvey Casey Kale 4
4 · Purple Innovation, Inc. · Filed Jun 22, 2023
Insider Transaction Report
Form 4
McGarvey Casey Kale
Chief Legal Officer and Sec.
Transactions
- Award
Performance Stock Units
2023-06-20+64,067→ 64,067 total→ Class A Common Stock (64,067 underlying) - Award
Restricted Stock Units
2023-06-20+34,498→ 34,498 total→ Class A Common Stock (34,498 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 March 15, 2024; one-half of the remainder on March 15, 2025; and the balance on March 15, 2026 (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 March 15, 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 March 15, 2026.