Form 4: Impinj Executive Jeffrey Dossett Reports Stock Transactions
SEC Form 4
Chief Revenue Officer Jeffrey Dossett reports the acquisition and disposal of Impinj Inc. common stock and restricted stock units.
Summary
- Jeffrey Dossett, Chief Revenue Officer of Impinj Inc., filed a Form 4 detailing changes in beneficial ownership.
- On July 12, 2024, Dossett acquired 1,250 shares of common stock through the vesting of restricted stock units (RSUs).
- On July 15, 2024, Dossett disposed of 320 shares at a weighted average price of $175.0468, 115 shares at a weighted average price of $175.8704, and 40 shares at a weighted average price of $176.665.
- These disposals were non-discretionary transactions to cover tax withholding obligations related to the RSU settlement.
- Following these transactions, Dossett beneficially owns 63,642 shares of Impinj common stock and 3,750 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an executive's trading activity.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small volume of shares involved.
Key Dates
| Date | Description |
|---|---|
| 04/12/2021 | Reporting person was granted 20,000 RSUs, one fourth of which vested on April 12, 2022, with an additional one-sixteenth of such RSUs vesting every three months thereafter. |
| 04/12/2022 | One fourth of the 20,000 RSUs granted on April 12, 2021 vested. |
| 07/12/2024 | Acquisition of 1,250 shares of common stock through RSU vesting. |
| 07/15/2024 | Disposal of 475 shares of common stock to cover tax obligations. |
| 07/16/2024 | Date of Form 4 signature. |
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