Cathal G. Phelan - 01 Apr 2023 Form 4 Insider Report for IMPINJ INC (PI)

Role
Chief Innovation Officer, Director
Signature
/s/ Yukio Morikubo, Attorney in fact for Chris Diorio
Issuer symbol
PI
Transactions as of
01 Apr 2023
Net transactions value
-$146,839
Form type
4
Filing time
04 Apr 2023, 18:10:38 UTC
Previous filing
27 Mar 2023
Next filing
12 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PI Common Stock Options Exercise $0 +2,000 +12% $0.000000 19,073 01 Apr 2023 Direct
transaction PI Common Stock Sale $146,839 -1,118 -5.9% $131.34 17,955 03 Apr 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 -2,000 -33% $0.000000 4,000 01 Apr 2023 Common Stock 2,000 $0.000000 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 $131.05 to $131.7001, 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 The RSUs were approved by the Compensation Committee of the Issuer's Board of Directors on October 1, 2022. 25% of the RSUs vested on January 1, 2023 and the remaining RSUs vest equally on each of April 1, 2023, July 1, 2023 and October 1, 2023, subject in each case to the Reporting Person continuing to be a service provider on each such vesting date.