Form 4: Impinj COO Hussein Mecklai Reports Stock Option Exercises and Share Sales
SEC Form 4
Hussein Mecklai, COO of Impinj Inc., executed stock options and sold shares on October 28, 2024, while also donating shares to a donor-advised fund on October 30, 2024.
Summary
- On October 28, 2024, Hussein Mecklai, the Chief Operating Officer of Impinj Inc., exercised stock options to acquire common stock at prices of $17.75, $36.2, $26.84, and $26.62.
- He then sold 6,775 shares at a weighted average price of $204.4595 and 3,225 shares at a weighted average price of $205.3685.
- On October 30, 2024, Mecklai donated 476 shares to a donor-advised fund.
- Following these transactions, Mecklai directly owns 59,565 shares of Impinj Inc. common stock.
- The stock options exercised were granted under the company's 2016 Equity Incentive Plan and vest monthly.
Sentiment
Score: 5
Explanation: This is a neutral report on insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of Impinj's executives.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as it can provide insights into their confidence in the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 12/05/2019 | 25% of shares subject to one stock option vested. |
| 07/31/2020 | 25% of shares subject to one stock option vested. |
| 06/15/2021 | 25% of shares subject to one stock option vested. |
| 10/28/2024 | Hussein Mecklai exercised stock options and sold shares. |
| 10/30/2024 | Hussein Mecklai donated shares to a donor-advised fund. |
| 12/10/2028 | Expiration date of one stock option. |
| 07/31/2029 | Expiration date of one stock option. |
| 06/15/2030 | Expiration date of one stock option. |
| 06/29/2030 | Expiration date of one stock option. |
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