Hussein Mecklai - Mar 23, 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: Mar 23, 2023
Transactions value $: -$330,470
Form type: 4
Date filed: 3/27/2023, 04:49 PM
Previous filing: Mar 17, 2023
Next filing: Apr 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PI	Common Stock	Options Exercise	$0	+6.25K	+22.17%	$0.00	34.4K	Mar 23, 2023	Direct
transaction	PI	Common Stock	Sale	-$278K	-2.18K	-6.32%	$127.54	32.3K	Mar 24, 2023	Direct	F1, F2
transaction	PI	Common Stock	Sale	-$52.7K	-411	-1.27%	$128.21	31.9K	Mar 24, 2023	Direct	F1, 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	Restricted Stock Units	Options Exercise	$0	-6.25K	-25%	$0.00	18.8K	Mar 23, 2023	Common Stock	6.25K	$0.00	Direct	F4, F5
transaction	PI	Restricted Stock Units	Award	$0	+8.46K		$0.00	8.46K	Mar 23, 2023	Common Stock	8.46K	$0.00	Direct	F4, F6

* 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 $126.97 to $127.96, 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	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 $128.00 to $128.625, 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	Each restricted stock unit represents a contingent right to receive one share of Impinj common stock.
F5	On March 23, 2022, the reporting person was granted 25,000 restricted stock units ("RSUs"), one fourth of which vested on March 23, 2023, with an additional one-sixteenth of such RSUs vesting every three months thereafter.
F6	One-fourth of the shares subject to the grant shall vest on March 23, 2024, and 1/16th of the shares subject to the grant shall vest each quarter thereafter, subject to the reporting person's continued service to the Issuer through such date.