Cary Baker - 12 Apr 2023 Form 4 Insider Report for IMPINJ INC (PI)

Role: Chief Financial Officer
Signature: /s/ Yukio Morikubo, Attorney in fact for Cary Baker
Issuer symbol: PI
Transactions as of: 12 Apr 2023
Net transactions value: -$49,956
Form type: 4
Filing time: 14 Apr 2023, 17:03:12 UTC
Previous filing: 27 Mar 2023
Next filing: 25 May 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	+938	+2.1%	$0.000000	46,308	12 Apr 2023	Direct
transaction	PI	Common Stock	Sale	$45,892	-341	-0.74%	$134.58	45,967	13 Apr 2023	Direct	F1, F2
transaction	PI	Common Stock	Sale	$4,065	-30	-0.07%	$135.49	45,937	13 Apr 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 Unit	Options Exercise	$0	-938	-11%	$0.000000	7,500	12 Apr 2023	Common Stock	938	$0.000000	Direct	F4, F5

* 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 $134.14 to $134.85, 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 $135.49 to $135.495, 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 April 12, 2021, the reporting person was granted 15,000 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 April 12, 2023.