Chris Diorio - Jun 15, 2024 Form 4 Insider Report for IMPINJ INC (PI)

Signature
/s/ Yukio Morikubo, Attorney in fact for Chris Diorio
Stock symbol
PI
Transactions as of
Jun 15, 2024
Transactions value $
-$1,365,576
Form type
4
Date filed
6/18/2024, 05:40 PM
Previous filing
Jun 11, 2024
Next filing
Jun 25, 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 +0.55% $0.00 288K Jun 15, 2024 Direct
transaction PI Common Stock Sale -$40.7K -272 -0.09% $149.56 288K Jun 17, 2024 Direct F1, F2
transaction PI Common Stock Sale -$51.7K -344 -0.12% $150.28 287K Jun 17, 2024 Direct F1, F3
transaction PI Common Stock Options Exercise $112K +5K +1.74% $22.40 292K Jun 17, 2024 Direct
transaction PI Common Stock Sale -$268K -1.82K -0.62% $147.93 290K Jun 17, 2024 Direct F4, F5
transaction PI Common Stock Sale -$436K -2.93K -1.01% $148.79 287K Jun 17, 2024 Direct F4, F6
transaction PI Common Stock Sale -$37.7K -252 -0.09% $149.51 287K Jun 17, 2024 Direct F4, F7
transaction PI Common Stock Options Exercise $112K +5K +1.74% $22.40 292K Jun 18, 2024 Direct
transaction PI Common Stock Sale -$754K -5K -1.71% $150.92 287K Jun 18, 2024 Direct F4, F8
transaction PI Common Stock Sale -$152 -1 0% $152.08 287K Jun 18, 2024 Direct F4
holding PI Common Stock 552K Jun 15, 2024 by DFT L.L.C.

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 -100% $0.00* 0 Jun 15, 2024 Common Stock 1.56K $0.00 Direct F9, F10
transaction PI Stock Option (right to buy) Options Exercise $0 -5K -4.52% $0.00 106K Jun 17, 2024 Common Stock 5K $22.40 Direct F11
transaction PI Stock Option (right to buy) Options Exercise $0 -5K -4.74% $0.00 101K Jun 18, 2024 Common Stock 5K $22.40 Direct F11
* 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 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 $148.8801 to $149.82, 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 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 $149.90 to $150.67, 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 The sales reported by Dr. Diorio were effected pursuant to a Rule 10b5-1 trading plan effective on February 28, 2024.
F5 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 $147.39 to $148.37, 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.
F6 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 $148.40 to $149.33, 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.
F7 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 $149.505 to $149.73, 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.
F8 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 $150.70 to $151.655, 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.
F9 Each RSU represents a contingent right to receive one share of Impinj common stock.
F10 On June 15, 2020, the reporting person was granted 25,000 RSUs, one fourth of which vested on June 15, 2021, with an additional one-sixteenth of such RSUs vesting every three months thereafter. One-sixteenth of these RSUs vested on June 15, 2024.
F11 The option became fully vested on June 11, 2022.