Form 4: Impinj Executive Dossett Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Chief Revenue Officer Jeffrey Dossett sold Impinj shares to cover tax obligations related to vested restricted stock units.
Summary
- Jeffrey Dossett, Chief Revenue Officer of Impinj Inc., reported transactions involving Impinj common stock.
- On June 14, 2024, Dossett acquired 1,875 shares of common stock through the vesting of restricted stock units (RSUs).
- On June 17, 2024, Dossett sold 372 shares at a weighted average price of $149.5461 and 367 shares at a weighted average price of $150.2172.
- These sales were non-discretionary transactions to cover tax withholding obligations related to the RSU settlement.
- Following these transactions, Dossett beneficially owns 61,986 shares of Impinj common stock.
- The RSUs were granted on June 15, 2020, and vest in installments.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions related to equity compensation. It's common for executives to sell shares to cover tax obligations when RSUs vest.
Key Dates
| Date | Description |
|---|---|
| 06/15/2020 | Reporting person was granted 30,000 RSUs |
| 06/15/2021 | One fourth of RSUs vested |
| 06/14/2024 | 1,875 shares acquired through RSU vesting |
| 06/15/2024 | One-sixteenth of RSUs vested |
| 06/17/2024 | Shares sold to cover tax obligations |
| 06/18/2024 | Date of report |
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