Cary Baker - Feb 14, 2024 Form 4 Insider Report for IMPINJ INC (PI)

Signature
/s/ Yukio Morikubo, Attorney in fact for Cary Baker
Stock symbol
PI
Transactions as of
Feb 14, 2024
Transactions value $
-$1,403,962
Form type
4
Date filed
2/15/2024, 07:29 PM
Previous filing
Jan 17, 2024
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PI Common Stock Options Exercise $499K +14.8K +26.7% $33.73 70.2K Feb 14, 2024 Direct
transaction PI Common Stock Options Exercise $139K +5.2K +7.4% $26.84 75.4K Feb 14, 2024 Direct
transaction PI Common Stock Sale -$311K -3.08K -4.08% $101.10 72.4K Feb 14, 2024 Direct F1
transaction PI Common Stock Sale -$937K -9.19K -12.7% $102.04 63.2K Feb 14, 2024 Direct F2
transaction PI Common Stock Sale -$794K -7.73K -12.24% $102.67 55.4K Feb 14, 2024 Direct F3

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 Stock Option (right to buy) Options Exercise $0 -14.8K -35.25% $0.00 27.2K Feb 14, 2024 Common Stock 14.8K $33.73 Direct F4
transaction PI Stock Option (right to buy) Options Exercise $0 -5.2K -79.95% $0.00 1.3K Feb 14, 2024 Common Stock 5.2K $26.84 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 $100.45 to $101.40, 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.
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 $101.47 to $102.46, 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 $102.47 to $102.92, 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 Twenty-five percent (25%) of the shares subject to the option will vest on February 24, 2021, then one-forty-eighth (1/48) of the shares subject to the option will vest every month thereafter (on the same day of the month), subject to the reporting person continuing to be a Service Provider, as defined in the Issuer's 2016 Equity Incentive Plan.
F5 One-fourth of the shares subject to the option shall vest on June 15, 2021, and 1/48th of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person's continued service to the Issuer through such date.