Cathal G. Phelan - Feb 15, 2024 Form 4 Insider Report for IMPINJ INC (PI)

Role: CHIEF INNOVATION OFFICER, Director
Signature: /s/ Yukio Morikubo, Attorney in fact for Cathal G. Phelan
Stock symbol: PI
Transactions as of: Feb 15, 2024
Transactions value $: -$804,489
Form type: 4
Date filed: 2/20/2024, 04:37 PM
Previous filing: Oct 2, 2023
Next filing: Feb 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PI	Common Stock	Options Exercise	$258K	+10K	+45.98%	$25.78	31.8K	Feb 15, 2024	Direct
transaction	PI	Common Stock	Sale	-$1.06M	-10K	-31.5%	$106.23	21.8K	Feb 15, 2024	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	PI	Stock Option (right to buy)	Options Exercise	$0	-10K	-100%	$0.00^*	0	Feb 15, 2024	Common Stock	10K	$25.78	Direct	F2

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

Explanation of Responses:

Id	Content
F1	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 $106.00 to $106.62 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.
F2	The option was approved on September 18, 2020 by the Compensation Committee of the Issuer's Board of Directors in connection with certain consulting services being provided by the Reporting Person. The Option fully vested on October 21, 2022.

Content

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 $106.00 to $106.62 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.

The option was approved on September 18, 2020 by the Compensation Committee of the Issuer's Board of Directors in connection with certain consulting services being provided by the Reporting Person. The Option fully vested on October 21, 2022.