SEC Form 4 · accession 0001213900-19-003102
Purple Innovation, Inc. · PRPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A. Legg
Officer — Chief Operating Officer
Period of report
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 4:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001643953
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $5.75 | Feb 21, 2019 | A | 250,000 | A | — | Feb 21, 2024 | Class A Common Stock | 250,000 | 250,000 | D |
Explanation of responses
- F125% of the options granted will vest and become exercisable on February 21, 2020. The remaining 75% of the options will vest and become exercisable 1/48th of the initial option grant in equal monthly installments on the first day of each calendar month beginning on March 1, 2020.