R. Bradley Gray - Mar 6, 2022 Form 4 Insider Report for NanoString Technologies Inc (NSTG)

Role: President and CEO, Director
Signature: /s/ Shannon Atchison, Attorney in Fact
Stock symbol: NSTG
Transactions as of: Mar 6, 2022
Transactions value $: -$319,630
Form type: 4
Date filed: 3/9/2022, 04:25 PM
Previous filing: Mar 3, 2022
Next filing: Mar 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NSTG	Common Stock	Options Exercise	$0	+16.5K	+9.46%	$0.00	191K	Mar 7, 2022	Direct
transaction	NSTG	Common Stock	Options Exercise	$0	+8.06K	+4.23%	$0.00	199K	Mar 7, 2022	Direct
transaction	NSTG	Common Stock	Sale	-$320K	-9.67K	-4.87%	$33.06^*	189K	Mar 8, 2022	Direct	F1

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	NSTG	Restricted Stock Units	Award	$0	+79K		$0.00	79K	Mar 6, 2022	Common Stock	79K		Direct	F2, F3
transaction	NSTG	Restricted Stock Units	Options Exercise	$0	-16.5K	-50%	$0.00	16.5K	Mar 7, 2022	Common Stock	16.5K		Direct	F2, F4
transaction	NSTG	Restricted Stock Units	Options Exercise	$0	-8.06K	-33.33%	$0.00	16.1K	Mar 7, 2022	Common Stock	8.06K		Direct	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported shares were sold to cover the reporting person's tax liability in connection with the vesting of Restricted Stock Units ("RSUs").
F2	Each RSU represents a contingent right to receive one (1) share of Issuer's common stock.
F3	1/3 of the RSUs vest on or following the first anniversary of March 5, 2022 (the "RSU Vesting Commencement Date"), and 1/3 of the RSUs vest annually each year on or after the second and third anniversary of the RSU Vesting Commencement Date in each case, subject to Participant's continuing to be a Service Provider (as defined in the 2013 Equity Incentive Plan) through each such date.
F4	1/3 of the RSUs vest on the first market trading day following the first anniversary of March 5, 2020 (the "RSU Vesting Commencement Date"), and 1/3 of the RSUs vest annually each year on the first market trading day on or after the second and third anniversary of the RSU Vesting Commencement Date, in each case, subject to Participant's continuing to be a Service Provider (as defined in the 2013 Equity Incentive Plan) through each such date.
F5	1/3 of the RSUs vest on or following the first market trading day following the first anniversary of March 5, 2021 (the "RSU Vesting Commencement Date"), and 1/3 of the RSUs vest annually each year on the first market trading day on or after the second and third anniversary of the RSU Vesting Commencement Date, in each case, subject to Participant's continuing to be a Service Provider (as defined in the 2013 Equity Incentive Plan) through each such date.