Sylebra Capital Discloses 6.1% Stake in Impinj
Ticker: PI · Form: SC 13D · Filed: Jun 10, 2024 · CIK: 1114995
Sentiment: neutral
Topics: activist-investor, stake-disclosure, schedule-13d
Related Tickers: PI
TL;DR
**Sylebra Capital just dropped a 6.1% stake in Impinj (PI) - activist alert?**
AI Summary
Sylebra Capital LLC has disclosed a significant stake in Impinj, Inc. as of June 6, 2024. The filing indicates Sylebra Capital now beneficially owns 5,000,000 shares of Impinj's common stock, representing approximately 6.1% of the outstanding shares. This filing suggests Sylebra Capital may be seeking to influence the company's strategic direction.
Why It Matters
This filing signals a substantial investment by Sylebra Capital in Impinj, potentially leading to activist investor actions or strategic shifts within Impinj.
Risk Assessment
Risk Level: medium — A significant stake disclosure by an investment firm like Sylebra Capital can indicate potential activist involvement, which may lead to increased volatility and strategic changes for Impinj.
Key Numbers
- 5,000,000 — Shares Owned (Beneficial ownership by Sylebra Capital LLC in Impinj, Inc.)
- 6.1% — Ownership Stake (Percentage of Impinj, Inc. common stock held by Sylebra Capital LLC)
Key Players & Entities
- Sylebra Capital LLC (company) — Filing entity
- Impinj, Inc. (company) — Subject company
- Matthew Whitehead (person) — Authorized Signatory for Sylebra Capital LLC
- 5,000,000 (dollar_amount) — Number of shares beneficially owned by Sylebra Capital LLC
- 6.1% (dollar_amount) — Percentage of Impinj's common stock owned by Sylebra Capital LLC
FAQ
What is the total number of shares of Impinj, Inc. common stock that Sylebra Capital LLC beneficially owns?
Sylebra Capital LLC beneficially owns 5,000,000 shares of Impinj, Inc. common stock.
What percentage of Impinj, Inc. common stock does Sylebra Capital LLC's stake represent?
Sylebra Capital LLC's stake represents approximately 6.1% of Impinj, Inc.'s outstanding common stock.
When was the event that required the filing of this Schedule 13D?
The date of the event which requires the filing of this Statement is June 06, 2024.
Who is the authorized signatory for Sylebra Capital LLC to receive notices and communications regarding this filing?
Matthew Whitehead, Chief Operating Officer / Authorized Signatory, is the person authorized to receive notices and communications.
What is the CUSIP number for Impinj, Inc. common stock?
The CUSIP number for Impinj, Inc. common stock is 453204109.
Filing Stats: 2,221 words · 9 min read · ~7 pages · Grade level 13.6 · Accepted 2024-06-11 09:21:18
Key Financial Figures
- $0.001 — , Inc. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of
Filing Documents
- piainitial_61024.htm (SC 13D) — 41KB
- 0001085146-24-002696.txt ( ) — 42KB
From the Filing
SC 13D 1 piainitial_61024.htm SYLEBRA CAPITAL LLC piainitial_61024.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Impinj, Inc. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of Securities) 453204109 (CUSIP Number) Matthew Whitehead, Chief Operating Officer / Authorized Signatory 3000 El Camino Real, Building 5, Suite 450, Palo Alto, CA 94306 +1 332 242 8518 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 06, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [X] * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page The information required on the remainder of this cover page shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934 (the Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Instructions). CUSIP No.: 453204109 1 NAME OF REPORTING PERSON: Sylebra Capital LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a) [ ] (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS: WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, US NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 3,197,352 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 3,197,352 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,197,352 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.54% 14 TYPE OF REPORTING PERSON HC, IA CUSIP No.: 453204109 1 NAME OF REPORTING PERSON: Sylebra Capital Management I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a) [ ] (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS: WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 3,197,352 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 3,197,352 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,197,352 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.54% 14 TYPE OF REPORTING PERSON HC, IA CUSIP No.: 453204109 1 NAME OF REPORTING PERSON: Sylebra Capital Limited I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a) [ ] (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS: WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Hong Kong NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 3,197,352 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 3,197,352 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,197,352 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.54% 14 TYPE OF REPORTING PERSON HC, IA CUSIP No.: 453204109 1 NAME OF REPORTING PERSON: Daniel Patrick Gibson I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a) [ ] (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS: WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Antigua and Barbuda NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 3,197,352 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 3,197,352 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,197,352 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.54% 14 TYPE OF REPORTING PERSON I