Chris Diorio - Apr 12, 2022 Form 4 Insider Report for IMPINJ INC (PI)

Role
Chief Executive Officer, Director
Signature
/s/ Yukio Morikubo, Attorney in fact for Chris Diorio
Stock symbol
PI
Transactions as of
Apr 12, 2022
Transactions value $
-$252,747
Form type
4
Date filed
4/14/2022, 04:44 PM
Previous filing
Apr 5, 2022
Next filing
Jun 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PI Common Stock Options Exercise $0 +12.5K +4.08% $0.00 319K Apr 12, 2022 Direct
transaction PI Common Stock Sale -$253K -4.82K -1.51% $52.39 314K Apr 13, 2022 Direct F1, F2
holding PI Common Stock 590K Apr 12, 2022 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 -12.5K -25% $0.00 37.5K Apr 12, 2022 Common Stock 12.5K $0.00 Direct F3, F4
* 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.
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 $52.22 to $52.64, 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 restricted stock unit represents a contingent right to receive one share of Impinj common stock.
F4 On April 12, 2021, the reporting person was granted 50,000 restricted stock units ("RSUs"), one fourth of which vested on April 12, 2022, with an additional one-sixteenth of such RSUs vesting every three months thereafter.