0001013762-21-000023.txt : 20211004
0001013762-21-000023.hdr.sgml : 20211004
20211004160907
ACCESSION NUMBER: 0001013762-21-000023
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211001
FILED AS OF DATE: 20211004
DATE AS OF CHANGE: 20211004
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Megibow Joseph B
CENTRAL INDEX KEY: 0001703013
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37523
FILM NUMBER: 211302791
MAIL ADDRESS:
STREET 1: 201 W NORHT RIVER DR #100
CITY: SPOKANE
STATE: WA
ZIP: 99201
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
2021-10-01
0
0001643953
Purple Innovation, Inc.
PRPL
0001703013
Megibow Joseph B
C/O PURPLE INNOVATION, INC., 4100 N.
CHAPEL RIDGE RD., SUITE 200
LEHI
UT
84043
1
1
0
0
Chief Executive Officer
Class A Common Stock, par value $0.0001 per share
100000
D
Employee Stock Option (right to buy)
22.57
2021-10-01
4
A
0
179340
0
A
2026-10-01
Class A Common Stock
179340
179340
D
As previously reported, the Company granted Mr. Megibow a performance unit share award of 50,000 shares of Class A Common Stock on May 31, 2019, with shares vesting upon the earlier of the consummation of a change in control of the Company or the satisfaction of the following conditions: (i) Mr. Megibow continuing to be employed by the Company through September 30, 2021, (ii) Mr. Megibow continuing to hold through September 30, 2021 the 50,000 shares acquired to be eligible to receive such award, and (iii) during the twelve-month period immediately prior to March 31, 2022, the closing price of the Company's Class A Common Stock being at or above $10.00 per share for 20 trading days over a 30 trading day period. The conditions were all satisfied, and the performance shares vested, on October 1, 2021.
25% of the options granted vest and become exercisable on October 1, 2022. The remaining 75% of the options will vest and become exercisable in monthly installments on the first day of each calendar month beginning on November 1, 2022 in the amount of one-forty-eighth of the full amount for the remaining three years.
/s/ Casey K. McGarvey
2021-10-04