STOCK TITAN

Sylebra-advised funds trim Impinj (PI) stake with 47K-share open sale

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
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 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. (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.
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
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"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
SYLEBRA CAPITAL LLC

(Last)(First)(Middle)
3000 EL CAMINO REAL BUILDING 5 SUITE 450

(Street)
PALO ALTO CALIFORNIA 94306

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
IMPINJ INC [ PI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/05/202606/08/2026S11,602D$128.8684876,453ISee Footnote (1) (2)(1)(2)
Common Stock06/05/202606/08/2026S35,877D$122.5003840,576ISee Footnote (1) (2)(1)(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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. (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.
Matthew Whitehead06/09/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

How many IMPINJ INC (PI) shares did Sylebra-advised entities sell and at what prices?

Sylebra-advised entities sold 35,877 Impinj shares at a weighted price of about $122.5003 and 11,602 shares at about $128.8684 on 2026-06-05, for a total of 47,479 shares sold in open-market trades.

Who actually holds the IMPINJ INC (PI) shares reported in this Form 4?

The securities are held by Sylebra Capital Partners Master Fund, Ltd., Sylebra Capital Menlo Master Fund, and other advisory clients. Sylebra entities and director Daniel Patrick Gibson act as advisers and managers and disclaim beneficial ownership except for any pecuniary interest.

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.