Coliseum Capital Management, LLC - Apr 27, 2023 Form 4 Insider Report for Purple Innovation, Inc. (PRPL)

Role
Director, 10%+ Owner
Signature
Coliseum Capital Management, LLC, By: /s/ Thomas Sparta, Thomas Sparta, Attorney-in-fact
Stock symbol
PRPL
Transactions as of
Apr 27, 2023
Transactions value $
-$46,814
Form type
4
Date filed
5/1/2023, 04:06 PM
Previous filing
Mar 30, 2023
Next filing
May 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRPL Proportional Representation Preferred Linked Stock Other -$46.8K -468K -100% $0.10* 0 Apr 27, 2023 See Footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All of the outstanding Proportional Representation Preferred Linked Stock ("PRPLS") were redeemed by the Issuer at a price of $0.10 per share in cash pursuant to the terms of the Certificate of Designation of the PRPLS.
F2 The PRPLS are held directly by (a) Coliseum Capital Partners, L.P. ("CCP"), an investment limited partnership of which Coliseum Capital, LLC, a Delaware limited liability company ("CC"), is general partner and for which Coliseum Capital Management, LLC, a Delaware limited liability company ("CCM"), serves as investment adviser, (b) Coliseum Capital Co-Invest III, L.P. ("CCC III"), an investment limited partnership of which CC is general partner and for which CCM serves as investment adviser, and (c) a separate account investment advisory client of CCM (the "Separate Account").
F3 Christopher Shackelton ("Shackelton") and Adam Gray ("Gray") are managers of and have an ownership interest in each of CCM and CC. Each of Shackelton, Gray, CCP, CCC III, the Separate Account, CC and CCM disclaims beneficial ownership of these securities except to the extent of that person's pecuniary interest therein.

Remarks:

Gray is a director of the Issuer. As a result, the following persons may be deemed directors by deputization of the Issuer solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended: CCM, CC, CCP, CCC III and Shackelton.