Cary Baker - Feb 23, 2023 Form 4 Insider Report for IMPINJ INC (PI)

Signature
/s/ Yukio Morikubo, Attorney in fact for Cary Baker
Stock symbol
PI
Transactions as of
Feb 23, 2023
Transactions value $
-$664,408
Form type
4
Date filed
2/27/2023, 08:47 PM
Previous filing
Feb 13, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PI Common Stock Award $0 +7.5K +21.7% $0.00 42.1K Feb 23, 2023 Direct F1
transaction PI Common Stock Award $0 +2.44K +5.81% $0.00 44.5K Feb 23, 2023 Direct F2
transaction PI Common Stock Options Exercise $0 +3.75K +8.43% $0.00 48.3K Feb 24, 2023 Direct
transaction PI Common Stock Sale -$540K -4.23K -8.77% $127.61 44K Feb 27, 2023 Direct F3, F4
transaction PI Common Stock Sale -$124K -970 -2.2% $128.21 43.1K Feb 27, 2023 Direct F3, F5

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 -3.75K -20% $0.00 15K Feb 24, 2023 Common Stock 3.75K $0.00 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 12, 2021, the Reporting Person was granted performance restricted stock units (PSUs). The PSUs vested upon the Reporting Person's satisfaction of certain performance criteria. On February 23, 2023, the Issuer's Board of Directors determined the level at which the corporate performance goals were attained, resulting in the vesting of 7,500 shares of Common Stock underlying the PSUs.
F2 On March 23, 2022, the Reporting Person was granted PSUs. The PSUs vested upon the Reporting Person's satisfaction of certain performance criteria. On February 23, 2023, the Issuer's Board of Directors determined the level at which the corporate performance goals were attained, resulting in the vesting of 2,442 shares of Common Stock underlying the PSUs.
F3 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 PSUs or restricted stock units ("RSUs").
F4 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 $127.025 to $127.97, 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.
F5 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 $128.03 to $128.80, 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.
F6 Each restricted stock unit represents a contingent right to receive one share of Impinj common stock.
F7 On February 24, 2020, the reporting person was granted 60,000 restricted stock units ("RSUs"), one sixteenth of which vested on February 24, 2023.