Boardroom Alpha
10-Q primary document
PRPL · Quarterly Report (Form 10-Q) · Filed April 28, 2026

Purple Innovation Inc10-Q exhibit

ea028623101ex10-4.htm

Exhibit 10.4

 

Amendment to

Restricted Share Unit Agreement

 

This Amendment to Restricted Share Unit Agreement (this “Amendment”) is hereby entered into as of March 30, 2026 by and between Purple Innovation, Inc. (the “Company”) and Todd Vogensen (“Participant”), and constitutes an amendment to Participant’s Restricted Share Unit Agreement with the Company dated March 14, 2024 (the “RSU Agreement”). Other than expressly herein set forth, the RSU Agreement remains in full force and effect without change.

 

WHEREAS, the RSU Agreement provides for an inducement grant under Nasdaq Listing Rule 5635(c)(4), and the Company intended for the RSU Agreement to measure vesting on the first three anniversaries of the Participant’s employment start date of October 16, 2023 rather than the grant date of March 14, 2024, which was a drafting error;

 

WHEREAS, the Company and Participant wish to amend Section 4 of the RSU Agreement to prospectively modify the vesting date of the third vesting installment to conform the RSU Agreement with the Company’s intent.

 

NOW, THEREFORE, Section 4 of the RSU Agreement is hereby amended by replacing the vesting date of “March 14, 2027” with “October 16, 2026”.

 

The parties hereto hereby agree to and adopt this Amendment which shall be and become effective as of the date hereinabove set forth.

 

PURPLE INNOVATION, INC.    
     
By: /s/ Robert DeMartini   March 30, 2026
  Robert DeMartini,    
  Chief Executive Officer    
     
/s/ Todd Vogensen   March 30, 2026
Todd Vogensen    

 

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer