IMPINJ INC SEC Filings

Impinj (PI) insiders reported a stock sale. A group filing disclosed the sale of 1,513 shares of common stock on 11/03/2025 at $202.01 per share. Following the transaction, 1,827,747 shares were reported as beneficially owned on an indirect basis, with the nature of ownership described in the footnotes.

The report was filed by more than one reporting person, including Sylebra-affiliated entities and Daniel Patrick Gibson, who serves as a director. The footnotes state that certain parties disclaim beneficial ownership except to the extent of any pecuniary interest.

Impinj (PI) insider transaction: CEO and Director Chris Diorio reported exercising stock options for 23,500 shares of common stock at $22.40 on 10/30/2025 (transaction code M). Following the transaction, beneficial ownership stands at 378,005 shares direct and 199,362 shares indirect by DFT L.L.C. The exercised option covered 23,500 underlying shares and now shows 0 remaining; it was fully vested on June 11, 2022 and had an expiration of 06/15/2028.

Impinj entered a Fifth Amendment to its Seattle office lease, extending the term to January 31, 2038 and adding approximately 6,563 rentable sq ft of expansion space. After remeasurement, the company will lease about 70,995 rentable sq ft.

The amendment sets total base rent for the existing premises at approximately $44,000,000 from September 1, 2025 through the lease term, with additional base rent for the expansion space beginning when it is made available for occupancy. Impinj will also pay its proportionate share of operating expenses, insurance, and taxes during the term.

To induce the amendment, the landlord granted an eight‑month base rent abatement for the existing space from September 1, 2025 through April 30, 2026, plus an additional eight‑month abatement for the expansion space once available. The landlord also provided a $5,000,000 tenant improvement allowance for the expansion space, with up to 50% of any unused amount applicable to rent.

Impinj (PI) reported Q3 2025 results. Revenue was $96,055 thousand with gross margin of 50.3%, driven by higher systems sales offset by lower endpoint IC average selling prices. Segment revenue included endpoint ICs $78,782 thousand and systems $17,273 thousand. The quarter showed a net loss of $12,810 thousand, primarily reflecting a $15,026 thousand induced conversion expense tied to a convertible note exchange.

In September, Impinj issued $190,000 thousand of 0% convertible senior notes due 2029 and used proceeds and cash to exchange $190,000 thousand of its 2021 notes for cash plus approximately 811,000 shares. The company also paid $11,210 thousand for capped calls associated with the 2029 notes. Year-to-date operating cash flow was $43,610 thousand. Cash and cash equivalents were $51,726 thousand, short-term investments $138,355 thousand, with debt comprising $96,610 thousand current and $183,753 thousand long-term. Shares outstanding were 30,109,132 as of October 17, 2025.

Impinj, Inc. filed a current report to furnish a press release announcing its financial results for the third quarter ended September 30, 2025. The press release, titled “Impinj Reports Third Quarter 2025 Financial Results,” is included as Exhibit 99.1 and provides the detailed quarterly figures and commentary. The company notes that the information in this report and its exhibit is being furnished, not filed, so it is not subject to certain liability provisions of the Exchange Act or automatically incorporated into other securities filings.

Impinj, Inc. (PI): Director equity grant reported. Director Arthur L. Valdez, Jr. reported an award of 1,220 restricted stock units on 10/20/2025. Each RSU represents a contingent right to receive one share of Impinj common stock and carries no exercise price. The RSUs will fully vest on October 20, 2026, subject to the award’s terms. Following the transaction, 1,220 derivative securities were beneficially owned directly.

Impinj, Inc. (PI) disclosed an insider ownership update: Arthur L. Valdez, Jr. filed a Form 3 as a director, stating that no securities are beneficially owned as of 10/20/2025.

The filing is by one reporting person and lists no non-derivative or derivative holdings.

Impinj, Inc. (PI) expanded and refreshed its board. On October 20, 2025, the Board set its size at seven directors and appointed Arthur L. Valdez Jr. as a director, effective immediately, with an initial term expiring at the next annual meeting of stockholders.

The company states there were no arrangements or understandings behind his selection and no related party transactions requiring disclosure. Mr. Valdez will participate in Impinj’s outside director compensation policy and enter into the company’s standard indemnification agreement.

Chris Diorio, CEO and director of Impinj Inc. (PI), reported multiple transactions tied to the vesting of restricted stock units (RSUs) on 09/23/2025. Portions of RSU grants vested and were converted into common stock: 2,594; 1,224; and 1,818 shares were recorded as acquired under Rule 16b-3 exemptions, increasing his direct holdings. Concurrently, 2,219 shares were remitted to Impinj to satisfy tax withholding at a price of $184.97 per share. After these transactions, Diorio beneficially owns 356,724 shares directly and 199,362 shares indirectly through DFT L.L.C.