Jeffrey Dossett - Mar 14, 2024 Form 4 Insider Report for IMPINJ INC (PI)

Signature
/s/ Yukio Morikubo, Attorney-in-fact on behalf of Jeffrey Dossett
Stock symbol
PI
Transactions as of
Mar 14, 2024
Transactions value $
-$997,473
Form type
4
Date filed
3/18/2024, 06:48 PM
Previous filing
Feb 26, 2024
Next filing
Mar 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PI Common Stock Options Exercise $67.2K +3K +5.25% $22.40 60.1K Mar 14, 2024 Direct
transaction PI Common Stock Sale -$81.7K -677 -1.13% $120.67 59.4K Mar 14, 2024 Direct F1, F2
transaction PI Common Stock Sale -$24.5K -200 -0.34% $122.72 59.2K Mar 14, 2024 Direct F1, F3
transaction PI Common Stock Sale -$24.9K -200 -0.34% $124.46 59K Mar 14, 2024 Direct F1, F4
transaction PI Common Stock Sale -$93.3K -743 -1.26% $125.62 58.3K Mar 14, 2024 Direct F1, F5
transaction PI Common Stock Sale -$25.3K -200 -0.34% $126.75 58.1K Mar 14, 2024 Direct F1, F6
transaction PI Common Stock Sale -$47.9K -374 -0.64% $128.04 57.7K Mar 14, 2024 Direct F1, F7
transaction PI Common Stock Sale -$30K -233 -0.4% $128.91 57.5K Mar 14, 2024 Direct F1, F8
transaction PI Common Stock Sale -$48.5K -373 -0.65% $130.15 57.1K Mar 14, 2024 Direct F1, F9
transaction PI Common Stock Options Exercise $67.2K +3K +5.25% $22.40 60.1K Mar 15, 2024 Direct
transaction PI Common Stock Sale -$136K -1.12K -1.87% $121.06 59K Mar 15, 2024 Direct F1, F10
transaction PI Common Stock Sale -$229K -1.88K -3.18% $122.12 57.1K Mar 15, 2024 Direct F1, F11
transaction PI Common Stock Options Exercise $0 +1.88K +3.28% $0.00 59K Mar 15, 2024 Direct
transaction PI Common Stock Sale -$74.3K -600 -1.02% $123.86 58.4K Mar 18, 2024 Direct F12, F13
transaction PI Common Stock Sale -$16.4K -132 -0.23% $124.38 58.3K Mar 18, 2024 Direct F12, F14
transaction PI Common Stock Options Exercise $67.2K +3K +5.15% $22.40 61.3K Mar 18, 2024 Direct
transaction PI Common Stock Sale -$278K -2.28K -3.72% $122.10 59K Mar 18, 2024 Direct F1, F15
transaction PI Common Stock Sale -$89K -724 -1.23% $122.92 58.3K Mar 18, 2024 Direct F1, F16

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 -3K -4.57% $0.00 62.6K Mar 14, 2024 Common Stock 3K $22.40 Direct F17
transaction PI Stock Option (right to buy) Options Exercise $0 -3K -4.79% $0.00 59.6K Mar 15, 2024 Common Stock 3K $22.40 Direct F17
transaction PI Restricted Stock Units Options Exercise $0 -1.88K -50% $0.00 1.88K Mar 15, 2024 Common Stock 1.88K $0.00 Direct F18, F19
transaction PI Stock Option (right to buy) Options Exercise $0 -3K -5.03% $0.00 56.6K Mar 18, 2024 Common Stock 3K $22.40 Direct F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported by Mr. Dossett were effected pursuant to a Rule 10b5-1 trading plan effective on December 13, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $120.50 to $121.28. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F3 This transaction was executed in multiple trades at prices ranging from $122.43 to $123.00. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F4 This transaction was executed in multiple trades at prices ranging from $124.00 to $124.915. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F5 This transaction was executed in multiple trades at prices ranging from $125.135 to $126.08. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F6 This transaction was executed in multiple trades at prices ranging from $126.49 to $127.00. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F7 This transaction was executed in multiple trades at prices ranging from $127.60 to $128.44. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F8 This transaction was executed in multiple trades at prices ranging from $128.68 to $129.205. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F9 This transaction was executed in multiple trades at prices ranging from $129.76 to $130.69. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F10 This transaction was executed in multiple trades at prices ranging from $120.71 to $121.62. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F11 This transaction was executed in multiple trades at prices ranging from $121.75 to $122.59. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F12 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 ("RSUs").
F13 This transaction was executed in multiple trades at prices ranging from $123.3001 to $124.24. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F14 This transaction was executed in multiple trades at prices ranging from $124.355 to $124.415. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F15 This transaction was executed in multiple trades at prices ranging from $121.61 to $122.60. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F16 This transaction was executed in multiple trades at prices ranging from $122.67 to $123.33. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F17 One-fourth of the shares subject to the option vested on June 11, 2019, and 1/48th of the shares subject to the option shall vest each month thereafter.
F18 Each RSU represents a contingent right to receive one share of Impinj common stock.
F19 On June 15, 2020, the reporting person was granted 30,000 RSUs. One-sixteenth of these RSUs vested on March 15, 2024.