IMPINJ INC — Director's Dealing 2023

Jul 5, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMPINJ INC (PI)
CIK: 0001114995
Period of Report: 2023-07-01

Reporting Person: PHELAN CATHAL G (Director, Chief Innovation Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-01	Common Stock	M	2000	$0.00	Acquired	21673	Direct
2023-07-03	Common Stock	S	882	$90.042	Disposed	20791	Direct
2023-07-03	Common Stock	S	160	$90.6947	Disposed	20631	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-01	Restricted Stock Units	$0.00	M	2000	Disposed		Common Stock (2000)	Direct

Footnotes

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 $89.5601 to $90.28 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 $90.58 to $90.76, 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: Each restricted stock unit represents a contingent right to receive one share of Impinj common stock.

F5: 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 vest 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.