Cathal G. Phelan - 20 Feb 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
Issuer symbol
PI
Transactions as of
20 Feb 2024
Net transactions value
-$252,745
Form type
4
Filing time
21 Feb 2024, 18:06:16 UTC
Previous filing
20 Feb 2024
Next filing
26 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PI Common Stock Options Exercise $0 +5,500 +25% $0.000000 27,546 20 Feb 2024 Direct F1
transaction PI Common Stock Sale $252,745 -2,556 -9.3% $98.88 24,990 21 Feb 2024 Direct F2, 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 -5,500 -25% $0.000000 16,500 20 Feb 2024 Common Stock 5,500 $0.000000 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount of securities beneficially owned includes 296 shares acquired on February 20, 2024 under the Impinj, Inc. 2016 Employee Stock Purchase Plan, in a transaction exempt under Rule 16b-3(c) that is being voluntarily reported by the reporting person on this Form 4.
F2 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.
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 $98.58 to $99.06 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 One-fourth of the shares subject to the grant vested on February 20, 2024, and 1/16th of the shares subject to the grant shall vest each quarter thereafter, subject to the Reporting Person's continued service to the Issuer through such date.