Form 4: Impinj COO Hussein Mecklai Reports Stock Transactions
SEC Form 4 Filing
Hussein Mecklai, Chief Operating Officer of Impinj Inc., reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On October 12, 2024, Hussein Mecklai, the Chief Operating Officer of Impinj Inc., acquired 1,094 shares of common stock through the vesting of restricted stock units (RSUs).
- On October 14, 2024, Mecklai disposed of 223 shares at a weighted average price of $237.3709 and 204 shares at a weighted average price of $238.1701 to cover tax withholding obligations related to the RSU settlement.
- Following these transactions, Mecklai directly owns 60,041 shares of Impinj common stock and 2,188 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports required insider trading activity related to compensation.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are routine and related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| April 12, 2021 | Reporting person was granted 17,500 RSUs, one fourth of which vested on April 12, 2022, with an additional one-sixteenth of such RSUs vesting every three months thereafter. |
| April 12, 2022 | One fourth of the 17,500 RSUs granted on April 12, 2021 vested. |
| October 12, 2024 | One-sixteenth of the 17,500 RSUs granted on April 12, 2021 vested, resulting in the acquisition of 1,094 shares. |
| October 14, 2024 | Disposal of 223 shares at a weighted average price of $237.3709 and 204 shares at a weighted average price of $238.1701. |
| October 15, 2024 | Date of signature for the Form 4 filing. |
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