Cathal G. Phelan - Jul 1, 2023 Form 4 Insider Report for IMPINJ INC (PI)

Role: Chief Innovation Officer, Director
Signature: /s/ Yukio Morikubo, Attorney in fact for Chris Diorio
Stock symbol: PI
Transactions as of: Jul 1, 2023
Transactions value $: -$93,928
Form type: 4
Date filed: 7/5/2023, 05:55 PM
Previous filing: Jun 12, 2023
Next filing: Oct 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PI	Common Stock	Options Exercise	$0	+2K	+10.17%	$0.00	21.7K	Jul 1, 2023	Direct
transaction	PI	Common Stock	Sale	-$79.4K	-882	-4.07%	$90.04	20.8K	Jul 3, 2023	Direct	F1, F2
transaction	PI	Common Stock	Sale	-$14.5K	-160	-0.77%	$90.69	20.6K	Jul 3, 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	-2K	-50%	$0.00	2K	Jul 1, 2023	Common Stock	2K	$0.00	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 $89.5601 to $90.28 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 $90.58 to $90.76, 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	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.