Impinj (NASDAQ: PI) CFO uses 685 vested shares to cover taxes
Rhea-AI Filing Summary
IMPINJ INC (PI) reported that its Chief Financial Officer, Cary Baker, had 1,739 Restricted Stock Units convert into an equal number of shares of common stock on August 20, 2026, as part of a prior RSU grant. In connection with this vesting, 685 shares of common stock were remitted to Impinj in an exempt disposition under Rule 16b-3(e) to satisfy tax withholding obligations at a price of $159.73 per share. Following the transaction, Baker held 5,219 RSUs representing additional contingent rights to receive Impinj common stock from the same grant, which originally totaled 6,958 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,054 shares
Net Buy
3 txns
Insider
Baker Cary
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 1,739 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,739 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 685 | $159.73 | $109K |
Holdings After Transaction:
Restricted Stock Units — 5,219 shares (Direct);
Common Stock — 89,280 shares (Direct)
Footnotes (3)
- F1. In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of restricted stock units, or RSUs.
- F2. Each RSU represents a contingent right to receive one share of Impinj common stock.
- F3. On August 20, 2025, the reporting person was granted 6,958 RSUs. One-fourth of these vested on August 20, 2026.
Key Figures
RSUs converted: 1,739 Restricted Stock Units
Shares remitted for taxes: 685 shares
Tax withholding price per share: $159.73 per share
+2 more
5 metrics
RSUs converted
1,739 Restricted Stock Units
RSUs converting into common stock on August 20, 2026
Shares remitted for taxes
685 shares
Common shares delivered to Impinj to satisfy tax withholding obligations
Tax withholding price per share
$159.73 per share
Price applied to the 685 shares remitted for tax withholding
Original RSU grant
6,958 RSUs
RSUs granted to the reporting person on August 20, 2025
RSUs held after transaction
5,219 RSUs
Restricted Stock Units remaining following the August 20, 2026 vesting event
Key Terms
Restricted Stock Units, Rule 16b-3(e), tax withholding obligations
3 terms
Restricted Stock Units financial
"The reporting person was granted 6,958 RSUs"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3(e) regulatory
"In an exempt disposition to the Issuer under Rule 16b-3(e)"
tax withholding obligations financial
"in connection with the satisfaction of tax withholding obligations arising out"
FAQ
What insider equity transaction did PI’s CFO report on this Form 4?
Cary Baker, CFO of IMPINJ INC (PI), reported the vesting and conversion of 1,739 RSUs into common stock on August 20, 2026, plus an exempt disposition of 685 shares back to Impinj to satisfy tax withholding obligations.
What RSU grant underlies the Form 4 transactions for PI’s CFO?
The Form 4 notes that on August 20, 2025, the reporting person was granted 6,958 RSUs, and that one-fourth of these units vested on August 20, 2026, leading to the conversion of 1,739 RSUs into common stock.
How many RSUs does the PI CFO still hold after this vesting event?
After the August 20, 2026 vesting and conversion of 1,739 RSUs, the filing reports that Cary Baker holds 5,219 RSUs, which represent contingent rights to receive an equal number of shares of Impinj common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
