R. Bradley Gray - Mar 4, 2023 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 4, 2023
Transactions value $: -$203,196
Form type: 4
Date filed: 3/7/2023, 05:58 PM
Previous filing: Mar 3, 2023
Next filing: May 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NSTG	Common Stock	Options Exercise	$0	+16.5K	+5.93%	$0.00	294K	Mar 6, 2023	Direct
transaction	NSTG	Common Stock	Tax liability	-$65.8K	-6.48K	-2.2%	$10.16	288K	Mar 6, 2023	Direct	F1
transaction	NSTG	Common Stock	Options Exercise	$0	+8.06K	+2.8%	$0.00	296K	Mar 6, 2023	Direct
transaction	NSTG	Common Stock	Tax liability	-$32.1K	-3.17K	-1.07%	$10.13	292K	Mar 6, 2023	Direct	F1
transaction	NSTG	Common Stock	Options Exercise	$0	+26.3K	+9%	$0.00	319K	Mar 6, 2023	Direct
transaction	NSTG	Common Stock	Tax liability	-$105K	-10.4K	-3.25%	$10.16	308K	Mar 6, 2023	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	+355K		$0.00	355K	Mar 4, 2023	Common Stock	355K		Direct	F2, F3
transaction	NSTG	Restricted Stock Units	Options Exercise	$0	-16.5K	-100%	$0.00^*	0	Mar 6, 2023	Common Stock	16.5K		Direct	F2, F4
transaction	NSTG	Restricted Stock Units	Options Exercise	$0	-8.06K	-50%	$0.00	8.06K	Mar 6, 2023	Common Stock	8.06K		Direct	F2, F5
transaction	NSTG	Restricted Stock Units	Options Exercise	$0	-26.3K	-33.33%	$0.00	52.6K	Mar 6, 2023	Common Stock	26.3K		Direct	F2, F6

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

Explanation of Responses:

Id	Content
F1	The reported shares were withheld to cover the reporting person's tax liability in connection with the vesting of Restricted Stock Units ("RSUs"). The shares were not issued to or sold by the reporting person.
F2	Each restricted stock unit ("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, 2023 (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 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 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.
F6	1/3 of the RSUs vest on or following the first market trading day 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 following 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.