Jeffrey Dossett - Apr 30, 2023 Form 4 Insider Report for IMPINJ INC (PI)

Role
Chief Revenue Officer
Signature
/s/ Yukio Morikubo, Attorney in fact for Jeffrey Dossett
Stock symbol
PI
Transactions as of
Apr 30, 2023
Transactions value $
-$363,856
Form type
4
Date filed
5/1/2023, 07:43 PM
Previous filing
Apr 14, 2023
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PI Common Stock Options Exercise $0 +1.56K +3.19% $0.00 50.5K Apr 30, 2023 Direct
transaction PI Common Stock Sale -$54.4K -641 -1.27% $84.90 49.8K May 1, 2023 Direct F1, F2
transaction PI Common Stock Sale -$309K -3.5K -7.03% $88.41 46.3K May 1, 2023 Direct 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 -1.56K -49.98% $0.00 1.56K Apr 30, 2023 Common Stock 1.56K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 ("RSUs").
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 $84.8901 to $84.945, 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 sales reported by Mr. Dossett were effected pursuant to a Rule 10b5-1 trading plan effective on February 10, 2023.
F4 Each restricted stock unit represents a contingent right to receive one share of Impinj common stock.
F5 On July 31, 2019, the reporting person was granted 25,000 RSUs. One-sixteenth of these RSUs vested on April 30, 2023.