Form 4: Purple Innovation Executive Jack Roddy Reports Stock Transactions
SEC Form 4
Chief People Officer Jack Roddy reports transactions involving Purple Innovation, Inc. Class A Common Stock and Restricted Stock Units.
Summary
- On March 15, 2024, Jack Roddy, Chief People Officer of Purple Innovation, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.
- Roddy acquired 10,665 shares of Class A Common Stock through the conversion of Restricted Stock Units.
- Roddy also acquired 11,499 shares of Class A Common Stock through the conversion of Restricted Stock Units.
- Additionally, Roddy disposed of 3,163 and 3,410 shares of Class A Common Stock at a price of $1.56.
- Following these transactions, Roddy beneficially owns 44,610 shares of Class A Common Stock and 22,999 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of company leadership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2023 | One-third of the first set of Restricted Stock Units vested. |
| 03/15/2024 | Date of the reported transactions, including conversion of Restricted Stock Units and disposal of Class A Common Stock. |
| 03/15/2024 | One-half of the remainder of the first set of Restricted Stock Units vested. |
| 03/15/2024 | One-third of the second set of Restricted Stock Units vested. |
| 03/15/2025 | One-half of the remainder of the second set of Restricted Stock Units will vest. |
| 03/15/2025 | The balance of the first set of Restricted Stock Units will vest. |
| 03/15/2026 | The balance of the second set of Restricted Stock Units will vest. |
| 03/19/2024 | Date of signature by Tricia McDermott, Attorney-in-Fact. |
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