HUSSEIN MECKLAI - 28 Jul 2022 Form 4 Insider Report for IMPINJ INC (PI)

Signature
/s/ Yukio Morikubo, attorney in fact on behalf of Hussein Mecklai
Issuer symbol
PI
Transactions as of
28 Jul 2022
Net transactions value
-$1,272,409
Form type
4
Filing time
01 Aug 2022, 20:24:10 UTC
Previous filing
14 Jul 2022
Next filing
03 Aug 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PI Common Stock Options Exercise $59,888 +3,374 +8.5% $17.75 42,999 28 Jul 2022 Direct
transaction PI Common Stock Options Exercise $60,309 +1,666 +3.9% $36.20 44,665 28 Jul 2022 Direct
transaction PI Common Stock Options Exercise $55,935 +2,084 +4.7% $26.84 46,749 28 Jul 2022 Direct
transaction PI Common Stock Options Exercise $33,302 +1,251 +2.7% $26.62 48,000 28 Jul 2022 Direct
transaction PI Common Stock Sale $672,094 -8,375 -17% $80.25 39,625 28 Jul 2022 Direct F1
transaction PI Common Stock Sale $756,000 -9,000 -23% $84.00 30,625 28 Jul 2022 Direct F1
transaction PI Common Stock Options Exercise $0 +625 +2% $0.000000 31,250 31 Jul 2022 Direct
transaction PI Common Stock Options Exercise $7,566 +209 +0.67% $36.20 31,459 01 Aug 2022 Direct
transaction PI Common Stock Options Exercise $6,978 +260 +0.83% $26.84 31,719 01 Aug 2022 Direct
transaction PI Common Stock Options Exercise $4,153 +156 +0.49% $26.62 31,875 01 Aug 2022 Direct
transaction PI Common Stock Sale $51,456 -625 -2% $82.33 31,250 01 Aug 2022 Direct F1
transaction PI Common Stock Sale $20,990 -246 -0.79% $85.32 31,004 01 Aug 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PI Stock Option (right to buy) Options Exercise $0 -3,374 -4.5% $0.000000 72,384 28 Jul 2022 Common Stock 3,374 $17.75 Direct F4
transaction PI Stock Option (right to buy) Options Exercise $0 -1,666 -38% $0.000000 2,709 28 Jul 2022 Common Stock 1,666 $36.20 Direct F5
transaction PI Stock Option (right to buy) Options Exercise $0 -2,084 -25% $0.000000 6,250 28 Jul 2022 Common Stock 2,084 $26.84 Direct F6
transaction PI Stock Option (right to buy) Options Exercise $0 -1,251 -25% $0.000000 3,750 28 Jul 2022 Common Stock 1,251 $26.62 Direct F6
transaction PI Restricted Stock Units Options Exercise $0 -625 -20% $0.000000 2,500 31 Jul 2022 Common Stock 625 $0.000000 Direct F7, F8
transaction PI Stock Option (right to buy) Options Exercise $0 -209 -7.7% $0.000000 2,500 01 Aug 2022 Common Stock 209 $36.20 Direct F5
transaction PI Stock Option (right to buy) Options Exercise $0 -260 -4.2% $0.000000 5,990 01 Aug 2022 Common Stock 260 $26.84 Direct F6
transaction PI Stock Option (right to buy) Options Exercise $0 -156 -4.2% $0.000000 3,594 01 Aug 2022 Common Stock 156 $26.62 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported by Mr. Mecklai were effected pursuant to a Rule 10b5-1 trading plan effective on February 11, 2022.
F2 These shares were disposed of in non-discretionary transactions to cover the reporting person's tax withholding obligations in connection with the settlement of an award of restricted stock units.
F3 The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $85.27 to $85.53, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F4 One-fourth of the shares subject to the option vested on December 5, 2019, and 1/48th of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person's continued service to the Issuer through such date.
F5 One-fourth of the shares subject to the option vested July 31, 2020, and 1/48th of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person's continued service to the Issuer through such date.
F6 One-fourth of the shares subject to the option vested on June 15, 2021, and 1/48th of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person's continued service to the Issuer through such date.
F7 Each restricted stock unit represents a contingent right to receive one share of Impinj common stock.
F8 On July 31, 2019, the reporting person was granted 10,000 restricted stock units ("RSUs"). One-sixteenth of these RSUs vested on July 31 2022.