HUTCHINGS JEFFREY LAYNE 4
4 · Purple Innovation, Inc. · Filed Mar 19, 2024
Insider Transaction Report
Form 4
HUTCHINGS JEFFREY LAYNE
Chief Innovation Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-03-15−11,235→ 22,470 total→ Class A Common Stock (11,235 underlying) - Exercise/Conversion
Class A Common Stock
2024-03-15+11,235→ 21,061 total
Footnotes (2)
- [F1]Restricted Stock Units convert into Class A Common Stock on a one-for-one basis.
- [F2]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.