Purple Innovation amends CEO DeMartini's equity awards, accelerating vesting and adding $0.8M Q1 2023 expense

Purple Innovation, Inc.

RSUs and options for 0.2M shares vest earlier: 0.16M vest March 25, 2023, remaining 0.04M vest March 25, 2024.
Conditional grant of 0.3M shares (subject to shareholder approval) vests in tranches through March 2025.
Acceleration of vesting results in ~$0.8M additional stock-based compensation expense in Q1 2023, moved from future periods.
Board proposed amending equity plan to raise annual participant limit to 1.5M shares and $7.5M cash, subject to shareholder vote.

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