Hussein Mecklai - Jan 12, 2023 Form 4 Insider Report for IMPINJ INC (PI)

Role
Chief Operating Officer
Signature
/s/ Yukio Morikubo, attorney in fact on behalf of Hussein Mecklai
Stock symbol
PI
Transactions as of
Jan 12, 2023
Transactions value $
-$62,081
Form type
4
Date filed
1/17/2023, 04:02 PM
Previous filing
Dec 19, 2022
Next filing
Feb 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PI Common Stock Options Exercise $0 +1.09K +5.08% $0.00 22.6K Jan 12, 2023 Direct
transaction PI Common Stock Sale -$62.1K -515 -2.28% $120.55 22.1K Jan 13, 2023 Direct F1, F2

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 Restricted Stock Units Options Exercise $0 -1.09K -10% $0.00 9.84K Jan 12, 2023 Common Stock 1.09K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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 $120.38 to $121.0601, 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.
F3 Each restricted stock unit represents a contingent right to receive one share of Impinj common stock.
F4 On April 12, 2021, the reporting person was granted 17,500 restricted stock units ("RSUs"), one fourth of which vested on April 12, 2022, with an additional one-sixteenth of such RSUs vesting every three months thereafter. One-sixteenth of these RSUs vested on January 12, 2023.