Sylebra-advised funds trim Impinj (PI) stake with 47K-share open sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IMPINJ INC director‑affiliated funds reported selling common stock. On 2026-06-05, entities advised by SYLEBRA CAPITAL LLC executed two open-market sales totaling 47,479 shares of Impinj common stock, at weighted prices of about $122.50 and $128.87 per share.
After these trades, the filing shows indirect holdings of 876,453 shares. The shares are held by Sylebra-managed funds and other advisory clients, and Sylebra entities and director Daniel Patrick Gibson disclaim beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 47,479 shares ($5,890,074)
Net Sell
2 txns
Insider
SYLEBRA CAPITAL LLC
Role
null
Sold
47,479 shs ($5.89M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,602 | $128.8684 | $1.50M |
| Sale | Common Stock | 35,877 | $122.5003 | $4.39M |
Holdings After Transaction:
Common Stock — 876,453 shares (Indirect, See Footnote (1) (2))
Footnotes (1)
- (1) Sylebra Capital LLC (Sylebra US) and Sylebra Capital Limited (Sylebra HK) are the investment sub-advisers to Sylebra Capital Partners Master Fund, Ltd. (SCPMF), Sylebra Capital Menlo Master Fund (MENLO MF), and other advisory clients. Sylebra Capital Management (Sylebra Cayman) is the investment manager and parent of Sylebra HK. Sylebra Cayman owns 100% of the shares of Sylebra HK and Daniel Patrick Gibson (Gibson) owns more than 100% of the Class A shares of Sylebra Cayman and 100% of the share capital of Sylebra US. Gibson is a founder and Chief Investment Officer of Sylebra Cayman. In such capacities, Sylebra US, Sylebra HK, Sylebra Cayman and Gibson may be deemed to share voting and dispositive power over the shares of common stock of the Issuer held by SCP MF, MENLO MF, and other advisory clients. (2) These securities are held by SCP MF, MENLO MF, and other advisory clients. Gibson is a member of the board of directors of the Issuer. Sylebra US, Sylebra HK, Sylebra Cayman and Gibson disclaim beneficial ownership of these securities, and this report shall not be deemed an admission that Sylebra US, Sylebra HK, Sylebra Cayman and Gibson are the beneficial owners of such securities, except to the extent of their pecuniary interest, if any, therein.
Key Figures
First block sold: 35,877 shares at $122.5003
Second block sold: 11,602 shares at $128.8684
Total shares sold: 47,479 shares
+1 more
4 metrics
First block sold
35,877 shares at $122.5003
Open-market sale of Impinj common stock on 2026-06-05
Second block sold
11,602 shares at $128.8684
Open-market sale of Impinj common stock on 2026-06-05
Total shares sold
47,479 shares
Net shares sold by Sylebra-advised entities per Form 4 summary
Indirect holdings after trades
876,453 shares
Impinj common stock indirectly held after 2026-06-05 sales
Key Terms
open-market sale, indirect ownership, beneficial ownership, investment sub-advisers, +1 more
5 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"direct_or_indirect: I, ownership_type: indirect"
beneficial ownership financial
"disclaim beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
investment sub-advisers financial
"Sylebra Capital LLC and Sylebra Capital Limited are the investment sub-advisers"
pecuniary interest financial
"except to the extent of their pecuniary interest, if any, therein"
FAQ
What insider activity did IMPINJ INC (PI) report in this Form 4?
The Form 4 reports that entities advised by SYLEBRA CAPITAL LLC sold 47,479 shares of Impinj common stock in open-market transactions on 2026-06-05, while continuing to hold a large remaining indirect position afterward.
Does SYLEBRA CAPITAL LLC or Daniel Patrick Gibson claim beneficial ownership of the IMPINJ INC shares?
The filing states that Sylebra Capital LLC, related Sylebra entities, and director Daniel Patrick Gibson disclaim beneficial ownership of the Impinj securities, except to the extent of their pecuniary interest, if any, in the shares held by the advised funds and other clients.