Purple Innovation amends CEO DeMartini's employment and executive RSUs with revised change-in-control terms

Purple Innovation, Inc.

On August 7, 2025, Purple Innovation amended CEO Robert DeMartini's employment agreement to redefine 'change in control', excluding acquisitions by Coliseum Capital.
Board also approved RSU amendments for CFO Todd Vogensen, CHRO John J. Roddy, and COO Eric S. Haynor, providing 100% vesting upon termination without cause.
The amendments clarify that change in control excludes transactions solely for reincorporation or forming a holding company owned in same proportions.
Under the RSU amendment, 100% of restricted shares vest immediately upon a change in control during the vesting period.
The changes were effective August 7, 2025, and the full text is filed as Exhibits 10.1 and 10.2.

item 5.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.