HUTCHINGS JEFFREY LAYNE 4
4 · Purple Innovation, Inc. · Filed May 12, 2025
Insider Transaction Report
Form 4
HUTCHINGS JEFFREY LAYNE
Chief Innovation Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-05-12−9,827→ 0 total→ Class A Common Stock (9,827 underlying) - Disposition to Issuer
Performance Stock Units
2025-05-12−54,749→ 0 total→ Class A Common Stock (54,749 underlying) - Exercise/Conversion
Class A Common Stock
2025-05-12+9,827→ 68,831 total
Footnotes (3)
- [F1]Restricted Stock Units convert into Class A Common Stock on a one-for-one basis.
- [F2]On May 12, 2022, the reporting person was granted 29,480 Restricted Stock Units. The Restricted Stock Units vest in three annual installments; one-third on May 12, 2023; one-half of the remainder on May 12, 2024; and the remainder on May 12, 2025 (the "Vesting Period"). Fractional numbers will be rounded down to the nearest whole number.
- [F3]On May 12, 2022, the Company granted Performance Stock Units that could vest on May 12, 2025, 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.