CHRIS PH.D. DIORIO - 23 Jun 2024 Form 4 Insider Report for IMPINJ INC (PI)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Yukio Morikubo, Attorney in fact for Chris Diorio
Issuer symbol
PI
Transactions as of
23 Jun 2024
Net transactions value
-$1,491,187
Form type
4
Filing time
25 Jun 2024, 19:12:58 UTC
Previous filing
18 Jun 2024
Next filing
02 Jul 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 +2,593 +0.9% $0.000000 289,770 23 Jun 2024 Direct
transaction PI Common Stock Options Exercise $0 +1,223 +0.42% $0.000000 290,993 23 Jun 2024 Direct
transaction PI Common Stock Sale $140,267 -953 -0.33% $147.18 290,040 24 Jun 2024 Direct F1, F2
transaction PI Common Stock Sale $83,901 -566 -0.2% $148.23 289,474 24 Jun 2024 Direct F1, F3
transaction PI Common Stock Options Exercise $112,000 +5,000 +1.7% $22.40 294,474 24 Jun 2024 Direct
transaction PI Common Stock Sale $348,442 -2,359 -0.8% $147.71 292,115 24 Jun 2024 Direct F4, F5
transaction PI Common Stock Sale $392,270 -2,641 -0.9% $148.53 289,474 24 Jun 2024 Direct F4, F6
transaction PI Common Stock Options Exercise $112,000 +5,000 +1.7% $22.40 294,474 25 Jun 2024 Direct
transaction PI Common Stock Sale $750,308 -5,000 -1.7% $150.06 289,474 25 Jun 2024 Direct F4, F7
holding PI Common Stock 552,494 23 Jun 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 -2,593 -12% $0.000000 18,157 23 Jun 2024 Common Stock 2,593 $0.000000 Direct F8, F9
transaction PI Restricted Stock Units Options Exercise $0 -1,223 -8.3% $0.000000 13,462 23 Jun 2024 Common Stock 1,223 $0.000000 Direct F8, F10
transaction PI Stock Option (right to buy) Options Exercise $0 -5,000 -5% $0.000000 95,536 24 Jun 2024 Common Stock 5,000 $22.40 Direct F11
transaction PI Stock Option (right to buy) Options Exercise $0 -5,000 -5.2% $0.000000 90,536 25 Jun 2024 Common Stock 5,000 $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 $146.895 to $147.485, 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 $147.96 to $148.83, 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 $147.20 to $148.14, 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 $148.20 to $149.13, 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 $150.00 to $150.155, 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 Each RSU represents a contingent right to receive one share of Impinj common stock.
F9 On March 23, 2022, the reporting person was granted 41,500 RSUs. One-sixteenth of these RSUs vested on June 23, 2024.
F10 On March 23, 2023, the reporting person was granted 19,580 RSUs. One-sixteenth of these RSUs vested on June 23, 2024.
F11 The option became fully vested on June 11, 2022.