HUSSEIN MECKLAI - 23 Mar 2024 Form 4 Insider Report for IMPINJ INC (PI)

Role: CHIEF OPERATING OFFICER
Signature: /s/ Yukio Morikubo, Attorney-in-fact on behalf of Hussein Mecklai
Issuer symbol: PI
Transactions as of: 23 Mar 2024
Net transactions value: -$184,667
Form type: 4
Filing time: 26 Mar 2024, 20:01:01 UTC
Previous filing: 19 Mar 2024
Next filing: 16 Apr 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	+1,563	+3%	$0.000000	54,096	23 Mar 2024	Direct
transaction	PI	Common Stock	Options Exercise	$0	+2,115	+3.9%	$0.000000	56,211	23 Mar 2024	Direct
transaction	PI	Common Stock	Sale	$184,667	-1,456	-2.6%	$126.83	54,755	25 Mar 2024	Direct	F1, F2

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	-1,563	-11%	$0.000000	12,500	23 Mar 2024	Common Stock	1,563	$0.000000	Direct	F3, F4
transaction	PI	Restricted Stock Units	Options Exercise	$0	-2,115	-25%	$0.000000	6,345	23 Mar 2024	Common Stock	2,115	$0.000000	Direct	F3, F5
transaction	PI	Restricted Stock Units	Award	$0	+10,589		$0.000000	10,589	23 Mar 2024	Common Stock	10,589	$0.000000	Direct	F3, F6

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

Explanation of Responses:

Id	Content
F1	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").
F2	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 $126.695 to $127.28, 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.
F3	Each RSU represents a contingent right to receive one share of Impinj common stock.
F4	On March 23, 2022, the reporting person was granted 25,000 RSUs. One-sixteenth of these RSUs vested on March 23, 2024.
F5	On March 23, 2023, the reporting person was granted 8,460 RSUs, one fourth of which vested on March 23, 2024, with an additional one-sixteenth of such RSUs vesting every three months thereafter.
F6	One-fourth of the shares subject to the grant shall vest on March 23, 2025, 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.