Impinj (PI) CFO Cary Baker Receives 1,739 RSU Shares; Remits 685

What Happened
Cary Baker, Chief Financial Officer of Impinj, had 1,739 restricted stock units (RSUs) vest on August 20, 2026, which converted into 1,739 shares of common stock. To satisfy tax withholding obligations, Baker remitted 685 of those shares to the issuer at a withholding valuation of $159.73 per share, totaling $109,415. The net increase in Baker’s shares from this vesting event was 1,054 shares (1,739 vested − 685 remitted).

Key Details

• Transaction date: August 20, 2026 (filed August 21, 2026 — timely filing).
• Vesting/conversion: 1,739 RSUs converted to 1,739 shares (reported as derivative conversion, code M) at $0.00 exercise price.
• Tax withholding: 685 shares remitted to the issuer (code F) at $159.73/share, totaling $109,415.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 notes an exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding; F2 clarifies each RSU equals one share; F3 states Baker was granted 6,958 RSUs on Aug 20, 2025, with one-fourth (1,739) vesting on Aug 20, 2026.
• Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = shares remitted for tax withholding.

Context
This was a routine RSU vesting and net-share settlement to cover taxes, not an open-market sale or purchase. Converting RSUs to shares and remitting a portion to the company for withholding is common and does not by itself signal a buy or sell decision. The filing shows the vesting and withholding details but does not disclose any broader change in ownership beyond the net shares received.