What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2025-03-14 compared with 2024-03-12 · 34 added, 17 removed, 13 unchanged (80% of the section changed)

Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

Our Common Stock is listed on NASDAQ under the symbol “PRPL”.

As of March 12, 2024, there were approximately 116 holders of record of shares of our Common Stock and 10 holders of record of shares

of our Class B Stock.

Our Class B Stock is not listed or quoted on any exchange and is not transferrable by the holders, subject to certain

limited exceptions, including the exchange of Class B Stock for shares of Common Stock pursuant to the exchange agreement, dated February

2, 2018, between the Company, Purple LL, InnoHold and Class B Unit holders who became a party thereto The number of holders of record

of our Common Stock does not include stockholders for which shares are held in “nominee” or “street” name.

We have not paid any cash dividends on our Common Stock to date.

payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements, general financial

condition, our compliance with restrictive covenants in the Amended and Restated Credit Agreement and other future indebtedness that we

may incur, opportunities to invest in future growth initiatives, and the discretion of our Board of Directors at such time.

of Directors is not currently contemplating and does not anticipate declaring any cash dividends on our Common Stock in the foreseeable

Comparative Stock Performance

Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

Our Common Stock is listed

on NASDAQ under the symbol “PRPL”.

As of March 7, 2025, there were approximately 83 holders of record of shares of our Common

Stock and 7 holders of record of shares of our Class B Stock.

Our Class B Stock is not listed or quoted on any exchange and is not transferrable

by the holders, subject to certain limited exceptions, including the exchange of Class B Stock for shares of Common Stock.

of holders of record of our Common Stock does not include stockholders for which shares are held in “nominee” or “street”

have not paid any cash dividends on our Common Stock to date.

The payment of cash dividends in the future will be dependent upon our

revenues and earnings, if any, capital requirements, general financial condition, our compliance with restrictive covenants in the Amended

and Restated Credit Agreement and other future indebtedness that we may incur, opportunities to invest in future growth initiatives,

and the discretion of our Board of Directors at such time.

Our Board of Directors is not currently contemplating and does not anticipate

declaring any cash dividends on our Common Stock in the foreseeable future.

Stock Performance

The following graph illustrates

2 unchanged sentences

The graph assumes

$100 was invested on January 1, 2019 in each of our Common Stock, the S&P 500 Home Furnishings Index, and the NASDAQ Stock Market

$100 was invested on December 31, 2019 in each of our Common Stock, the S&P 500 Home Furnishings Index, and the NASDAQ Stock Market

(U.S.) Index, and that any dividends were reinvested.

7 unchanged sentences

The NASDAQ Stock Market (U.S.) Index

Recent Sales of Unregistered Securities

Issuer Purchases of Equity Securities

Sales of Unregistered Securities

On January 23, 2024, in connection

with the Amended and Restated Credit Agreement, we issued Warrants to purchase 20.0 million shares of our Class A common stock to the

On March 12, 2025, in connection with the 2025 Amendment, we issued Warrants to purchase 6.2 million shares of our Class A common

stock to the Lenders.

The Warrants will expire on the 10-year anniversary of their issuance, or earlier upon redemption.

The Holders do

not have the rights or privileges of holders of Class A common stock or any voting rights until they exercise their Warrants.

issuance of shares of Class A common stock upon exercise of the Warrants, each Holder will be entitled to one vote for each share of Class

A common stock held on all matters to be voted on by stockholders generally.

A Holder of Warrants will not have the right to exercise

its Warrants, to the extent that after giving effect to such exercise, the Holder (together with its affiliates) would beneficially own

in excess of 49.9% of the shares of Class A common stock outstanding immediately after giving effect to such exercise

We believe that such issuances

were exempt from registration pursuant to Section 4(a)(2) of the Securities Act as privately negotiated, isolated, non-recurring transactions

not involving any public solicitation.

Purchases of Equity Securities

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity