{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-031081","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2023-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.807595+00:00","generated_at":"2026-06-16T23:39:30.479553+00:00","sec_items":["5.2","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Purple Innovation adopts 2023 cash incentive plan; revises RSU/PSU vesting on change in control","bullets":["2023 STIP: cash bonuses tied to adjusted EBITDA and net revenue (50/50); gate: min EBITDA; max bonus 200% post-bonus EBITDA floor.","RSUs: 100% vesting upon involuntary termination without cause within 12 months after change in control.","PSUs: pro-rata vesting (based on days elapsed) on such termination, paid after performance period.","Both amendments eliminate prior requirement that termination occur after March 15 of the following year."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-031081","json":"https://secwatch.observer/filing/0001213900-23-031081.json","markdown":"https://secwatch.observer/filing/0001213900-23-031081.md","text":"https://secwatch.observer/filing/0001213900-23-031081.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023031081/0001213900-23-031081-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390023031081/ea177147-8k_purple.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T23:39:30.479553+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}