JEFFREY DOSSETT - 19 Mar 2024 Form 4 Insider Report for IMPINJ INC (PI)

Role
CHIEF REVENUE OFFICER
Signature
/s/ Yukio Morikubo, Attorney-in-fact on behalf of Jeffrey Dossett
Issuer symbol
PI
Transactions as of
19 Mar 2024
Transactions value $
-$291,230
Form type
4
Filing time
20 Mar 2024, 18:32:34 UTC
Previous filing
18 Mar 2024
Next filing
26 Mar 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 $67,200 +3,000 +5.1% $22.4 61,253 19 Mar 2024 Direct
transaction PI Common Stock Sale -$177,427 -1,490 -2.4% $119.08 59,763 19 Mar 2024 Direct F1, F2
transaction PI Common Stock Sale -$181,002 -1,510 -2.5% $119.87 58,253 19 Mar 2024 Direct F1, 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 -3,000 -5.3% $0 53,601 19 Mar 2024 Common Stock 3,000 $22.4 Direct F4
* 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 The sales reported by Mr. Dossett were effected pursuant to a Rule 10b5-1 trading plan effective on December 13, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $118.575 to $119.57. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F3 This transaction was executed in multiple trades at prices ranging from $119.65 to $120.23. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F4 One-fourth of the shares subject to the option vested on June 11, 2019, and 1/48th of the shares subject to the option shall vest each month thereafter.