PADVAL UMESH 4

What Happened
Umesh Padval, a director of Impinj, had 3,114 restricted stock units (RSUs) that vested on May 28, 2026 and were converted/exercised that same day (reported as code M). The filing shows those 3,114 shares were also disposed (code M) at a reported price of $0.00, producing no net reported cash proceeds. On May 28, 2026 he was also reported as receiving a grant/award of 1,896 RSUs (code A) at $0.00; those units are reported to fully vest on May 28, 2027. All reported transaction prices are $0.00 because these are equity awards or conversions, not open-market purchases/sales.

Key Details

• Transaction date: May 28, 2026 (filed May 29, 2026 — timely filing).
• Reported entries: M (exercise/conversion) — 3,114 shares acquired @ $0.00; M (disposition) — 3,114 shares disposed @ $0.00; A (award) — 1,896 RSUs @ $0.00 acquired.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 clarifies an RSU is a contingent right to one share; F2 notes the 3,114 RSUs were granted June 5, 2025 and vested May 28, 2026; F3 notes the 1,896 RSUs will fully vest May 28, 2027.
• Interpretation of codes: M = exercise/conversion of derivative; A = award/grant. The equal acquired and disposed counts (3,114) mean there is no net increase in beneficial ownership from that conversion as reported.

Context

• These entries reflect RSU vesting/conversion and a concurrent award of new RSUs — routine compensation events for insiders — rather than an open-market buy or sale. Conversions followed by disposals often reflect company withholding or net settlement mechanics related to vested awards; the filing does not state tax withholding amounts or cash proceeds.
• Because this is an award/vesting event (not a market purchase), it should be viewed as compensation-related rather than a direct insider buy/sell signal.