K. Thomas Bailey - 06 Mar 2022 Form 4 Insider Report for NanoString Technologies Inc

Role: Chief Financial Officer
Signature: /s/ Shannon Atchison, Attorney in Fact
Issuer symbol: N/A
Transactions as of: 06 Mar 2022
Net transactions value: -$101,110
Form type: 4
Filing time: 09 Mar 2022, 16:24:33 UTC
Previous filing: 31 Jan 2022
Next filing: 11 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NSTG	Common Stock	Options Exercise	$0	+4,989	+30%	$0.000000	21,399	07 Mar 2022	Direct
transaction	NSTG	Common Stock	Options Exercise	$0	+2,764	+13%	$0.000000	24,163	07 Mar 2022	Direct
transaction	NSTG	Common Stock	Sale	$101,110	-3,058	-13%	$33.06^*	21,105	08 Mar 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NSTG	Restricted Stock Units	Award	$0	+25,380		$0.000000	25,380	06 Mar 2022	Common Stock	25,380		Direct	F2, F3
transaction	NSTG	Restricted Stock Units	Options Exercise	$0	-4,989	-50%	$0.000000	4,989	07 Mar 2022	Common Stock	4,989		Direct	F2, F4
transaction	NSTG	Restricted Stock Units	Options Exercise	$0	-2,764	-33%	$0.000000	5,529	07 Mar 2022	Common Stock	2,764		Direct	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported shares were sold to cover the reporting person's tax liability in connection with the vesting of Restricted Stock Units ("RSUs").
F2	Each RSU represents a contingent right to receive one (1) share of Issuer's common stock.
F3	1/3 of the RSUs vest on or following the first anniversary of March 5, 2022 (the "RSU Vesting Commencement Date"), and 1/3 of the RSUs vest annually each year on or after the second and third anniversary of the RSU Vesting Commencement Date, in each case, subject to Participant's continuing to be a Service Provider (as defined in the 2013 Equity Incentive Plan) through each such date.
F4	1/3 of the RSUs vest on the first market trading day following the first anniversary of March 5, 2020 (the "RSU Vesting Commencement Date"), and 1/3 of the RSUs vest annually each year on the first market trading day on or after the second and third anniversary of the RSU Vesting Commencement Date, in each case, subject to Participant's continuing to be a Service Provider (as defined in the 2013 Equity Incentive Plan) through each such date.
F5	1/3 of the RSUs vest on or following the first market trading day following the first anniversary of March 5, 2021 (the "RSU Vesting Commencement Date"), and 1/3 of the RSUs vest annually each year on or following the first market trading day on or after the second and third anniversary of the RSU Vesting Commencement Date, in each case, subject to Participant's continuing to be a Service Provider (as defined in the 2013 Equity Incentive Plan) through each such date.