Issuers of specified securities are required to complete Internal Revenue Service Form 8937 to report organizational actions that affect the basis of the securities involved in the organizational action. Purple has prepared a Form 8937 related to the tax-free reorganization of the Intellibed merger.

Form 8937 Report of Organizational Actions Affecting Basis of Securities August 31, 2022

Disclaimer: The information contained in the Form 8937 and the related attachment does not constitute tax advice and does not purport to take into account any shareholder’s specific circumstances. Shareholders are urged to consult their own tax advisors regarding U.S. tax consequences of the transaction described herein and the impact to tax basis resulting from the transaction.