4//SEC Filing
Ulrich George Turner 4
Accession 0001213900-24-024007
CIK 0001643953other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 4:02 PM ET
Size
30.7 KB
Accession
0001213900-24-024007
Insider Transaction Report
Form 4
Ulrich George Turner
Principal Accounting Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2024-03-15+632→ 6,147 total - Exercise/Conversion
Class A Common Stock
2024-03-15+4,253→ 10,200 total - Tax Payment
Class A Common Stock
2024-03-15$1.56/sh−200$312→ 5,947 total - Tax Payment
Class A Common Stock
2024-03-15$1.56/sh−1,459$2,276→ 8,741 total - Exercise/Conversion
Class A Common Stock
2024-03-15+6,291→ 15,032 total - Tax Payment
Class A Common Stock
2024-03-15$1.56/sh−2,158$3,366→ 12,874 total - Exercise/Conversion
Restricted Stock Units
2024-03-15−632→ 0 total→ Class A Common Stock (632 underlying) - Exercise/Conversion
Restricted Stock Units
2024-03-15−4,253→ 4,253 total→ Class A Common Stock (4,253 underlying) - Exercise/Conversion
Restricted Stock Units
2024-03-15−6,291→ 12,584 total→ Class A Common Stock (6,291 underlying) - Disposition to Issuer
Performance Stock Units
2024-03-15−1,895→ 0 total→ Class A Common Stock (0 underlying)
Footnotes (5)
- [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, 2022; one-half of the remainder on March 15, 2023; and the balance on March 15, 2024 (the "Vesting Period"). Fractional numbers will be rounded down to the nearest whole number.
- [F3]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, 2023; one-half of the remainder on March 15, 2024; and the balance on March 15, 2025 (the "Vesting Period"). Fractional numbers will be rounded down to the nearest whole number.
- [F4]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.
- [F5]On August 11, 2021, the Company granted Performance Stock Units that could vest on March 15, 2024, if PRPL's Class A Common Stock achieved specific target prices per share. No target prices were achieved so no shares of Class A Common Stock were issued for these Performance Stock Units.
Issuer
Purple Innovation, Inc.
CIK 0001643953
Entity typeother
Related Parties
1- filerCIK 0001881153
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 4:02 PM ET
- Size
- 30.7 KB