Hussein Mecklai - Mar 23, 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
Stock symbol
PI
Transactions as of
Mar 23, 2024
Transactions value $
-$184,667
Form type
4
Date filed
3/26/2024, 08:01 PM
Previous filing
Mar 19, 2024
Next filing
Apr 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PI Common Stock Options Exercise $0 +1.56K +2.98% $0.00 54.1K Mar 23, 2024 Direct
transaction PI Common Stock Options Exercise $0 +2.12K +3.91% $0.00 56.2K Mar 23, 2024 Direct
transaction PI Common Stock Sale -$185K -1.46K -2.59% $126.83 54.8K Mar 25, 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 -1.56K -11.11% $0.00 12.5K Mar 23, 2024 Common Stock 1.56K $0.00 Direct F3, F4
transaction PI Restricted Stock Units Options Exercise $0 -2.12K -25% $0.00 6.35K Mar 23, 2024 Common Stock 2.12K $0.00 Direct F3, F5
transaction PI Restricted Stock Units Award $0 +10.6K $0.00 10.6K Mar 23, 2024 Common Stock 10.6K $0.00 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.