0001213900-21-067008.txt : 20211222
0001213900-21-067008.hdr.sgml : 20211222
20211222160022
ACCESSION NUMBER: 0001213900-21-067008
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210819
FILED AS OF DATE: 20211222
DATE AS OF CHANGE: 20211222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: NUSSBAUM BENNETT
CENTRAL INDEX KEY: 0001260972
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37523
FILM NUMBER: 211513201
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Purple Innovation, Inc.
CENTRAL INDEX KEY: 0001643953
STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510]
IRS NUMBER: 474078206
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4100 N. CHAPEL RIDGE RD
STREET 2: SUITE 200
CITY: LEHI
STATE: UT
ZIP: 84043
BUSINESS PHONE: 801-756-2600
MAIL ADDRESS:
STREET 1: 4100 N. CHAPEL RIDGE RD
STREET 2: SUITE 200
CITY: LEHI
STATE: UT
ZIP: 84043
FORMER COMPANY:
FORMER CONFORMED NAME: Global Partner Acquisition Corp.
DATE OF NAME CHANGE: 20150602
4
1
ownership.xml
X0306
4
2021-08-19
0
0001643953
Purple Innovation, Inc.
PRPL
0001260972
NUSSBAUM BENNETT
C/O PURPLE INNOVATION, INC., 4100 N.
CHAPEL RIDGE RD., SUITE 200
LEHI
UT
84043
0
1
0
0
Interim CFO
Cash-Settled Stock Appreciation Right
26.00
2021-08-19
4
A
0
20000
0
A
Class A Common Stock
20000
20000
D
Cash-Settled Stock Appreciation Right
12.6008
2021-12-13
4
A
0
20000
0
A
Class A Common Stock
20000
20000
D
If the volume weighted average price of the Company's Class A Common Stock during the 30 trading days immediately preceding August 19, 2022, or the earlier termination date of Mr. Nussbaum's service with the Company without cause, is in excess of $26.00 per share, the Company will make a cash payment to Mr. Nussbaum in an amount equal to the product of (a) the increase in the volume weighted average price of the Company's Class A Common Stock from $26.00 per share up to a maximum of $36.00 per share multiplied by (b) 20,000.
If Mr. Nussbaum remains in continuous service with the Company through August 19, 2022, the Company will make cash payments to Mr. Nussbaum equal, in the aggregate, to the product of (a) the excess of the closing price of the Company's Class A Common Stock on August 19, 2022 over 12.6008 multiplied by (b) 20,000. Such cash payments will be paid in equal installments over twelve months.
/s/ Casey K. McGarvey as Attorney-in-Fact
2021-12-22