IMPINJ CFO Baker Cary sells 15,000 shares (15.0K shares) for $3,073,471.13 across 9 transactions on 2024-10-28, blended price $204.90
Baker Cary, IMPINJ's CFO, executed 9 separate sales totaling 15,000 shares for $3,073,471.13 on 2024-10-28, reducing his holdings by 17.6% to 70,346 shares. The multi-tranche execution across a narrow price band ($200.58–$208.68) occurred at a blended average of $204.90, which was $13.18 above the current stock price of $191.72. At the time of sale, IMPINJ was trading near its 52-week highs (currently -19.6% from the 52-week peak of $238.58) after a strong 90-day rally of +32.7%, though the stock has declined 11.4% in the 30 days following the transaction. The company carries elevated valuation metrics (P/E of 191.72) despite operating unprofitably on a full-year basis (negative net income), and this substantial insider reduction occurred as the stock has retreated into negative territory relative to the sale prices. His prior trades at IMPINJ have been modestly well-timed at the 90-day horizon (2 of 5 sales showed negative returns afterward), suggesting limited but real pattern consistency.