Sylebra Capital Llc - Jun 6, 2024 Form 4 Insider Report for IMPINJ INC (PI)

Role
10%+ Owner
Signature
Matthew Whitehead, Authorised Signatory
Stock symbol
PI
Transactions as of
Jun 6, 2024
Transactions value $
-$153,100,000
Form type
4
Date filed
6/10/2024, 06:16 PM
Next filing
Sep 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PI Common Stock Sale -$153M -1M -23.82% $153.10 3.2M Jun 6, 2024 See footnote F1, F2
transaction PI Common Stock Options Exercise $0 +1.73K +10.57% $0.00 18.1K Jun 6, 2024 Direct

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 -1.73K -100% $0.00* 0 Jun 6, 2024 Common Stock 1.73K $0.00 Direct F3, F4
transaction PI Restricted Stock Units Award $0 +1.81K $0.00 1.81K Jun 6, 2024 Common Stock 1.81K $0.00 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sylebra Capital LLC (Sylebra US) and Sylebra Capital Limited (Sylebra HK) are the investment sub-advisers to Sylebra Capital Partners Master Fund, Ltd. (SCP MF), Sylebra Capital Parc Master Fund (PARC MF), Sylebra Capital Menlo Master Fund (MENLO MF), and other advisory clients. Sylebra Capital Management (Sylebra Cayman) is the investment manager and parent of Sylebra HK. Sylebra Cayman owns 100% of the shares of Sylebra HK, and Daniel Patrick Gibson (Gibson) owns 100% of Class A shares of Sylebra Cayman and 100% of the share capital of Sylebra US. Gibson is a founder and Chief Investment Officer of Sylebra Cayman. In such capacities, Sylebra US, Sylebra HK, Sylebra Cayman and Gibson may be deemed to share voting and dispositive power over the shares of common stock of the Issuer held by SCP MF, PARC MF, MENLOMF, and other advisory clients.
F2 These securities are held by SCP MF, PARC MF, MENLO MF, and other advisory clients. Gibson is a member of the board of directors of the Issuer. Sylebra US, Sylebra HK,Sylebra Cayman and Gibson disclaim beneficial ownership of these securities, and this report shall not be deemed an admission that Sylebra US, Sylebra HK, Sylebra Cayman and Gibson are the beneficial owners of such securities, except to the extent of their pecuniary interest, if any, therein.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Impinj common stock.
F4 June 8, 2023, the reporting person was granted 1,729 RSUs. These RSUs fully vested on June 6, 2024.
F5 The RSUs will fully vest on the earlier of June 6, 2025 or the date of the 2025 annual meeting of stockholders.