Vogensen Todd E. 4
4 · Purple Innovation, Inc. · Filed Mar 14, 2024
Insider Transaction Report
Form 4
Vogensen Todd E.
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2024-03-14+129,630→ 129,630 total→ Class A Common Stock (129,630 underlying) - Award
Performance Stock Units
2024-03-14+240,741→ 240,741 total→ Class A Common Stock (240,741 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 14, 2025; one-half of the remainder on March 14, 2026; and the balance on March 14, 2027 (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 14, 2027. 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 14, 2027.