Cathal G. Phelan - Oct 1, 2023 Form 4 Insider Report for IMPINJ INC (PI)

Signature
/s/ Yukio Morikubo, Attorney in fact for Chris Diorio
Stock symbol
PI
Transactions as of
Oct 1, 2023
Transactions value $
-$57,657
Form type
4
Date filed
10/2/2023, 06:54 PM
Previous filing
Jul 5, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PI Common Stock Options Exercise $0 +2K +9.6% $0.00 22.8K Oct 1, 2023 Direct F1
transaction PI Common Stock Sale -$31.8K -602 -2.64% $52.79 22.2K Oct 2, 2023 Direct F2, F3
transaction PI Common Stock Sale -$25.9K -480 -2.16% $53.91 21.8K Oct 2, 2023 Direct F2, F4

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 -2K -100% $0.00* 0 Oct 1, 2023 Common Stock 2K $0.00 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount of securities beneficially owned includes 201 shares acquired on August 18, 2023 under the Impinj, Inc. 2016 Employee Stock Purchase Plan, in a transaction exempt under Rule 16b-3(c) that is being voluntarily reported by the reporting person on this Form 4.
F2 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").
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 $52.2701 to $53.10 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 "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 $53.70 to $54.05, 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.
F5 Each RSU represents a contingent right to receive one share of Impinj common stock.
F6 The RSUs were approved by the Compensation Committee of the Issuer's Board of Directors on October 1, 2022. 25% of the RSUs vested on January 1, 2023 and the remaining RSUs vested equally on each of April 1, 2023, July 1, 2023 and October 1, 2023, subject in each case to the Reporting Person continuing to be a service provider on each such vesting date.