{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-030764","form_type":"8-K","ticker":"PI","cik":"0001114995","company_name":"IMPINJ INC","filed_at":"2024-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.431464+00:00","generated_at":"2026-06-04T22:02:29.128904+00:00","sec_items":["1.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Impinj settles patent litigation with NXP; receives $45M upfront and annual license fees","bullets":["One-time payment of $45M due within five business days of March 13, 2024.","Annual license fees starting April 1, 2024 at $15M, increasing yearly by a fixed percentage.","Impinj makes no payments to NXP under the settlement agreement.","All pending patent litigation and proceedings terminated; cross-license granted for about ten years.","Agreement may be terminated if NXP designs out all valid claims of certain Impinj patents."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-030764","json":"https://secwatch.observer/filing/0000950170-24-030764.json","markdown":"https://secwatch.observer/filing/0000950170-24-030764.md","text":"https://secwatch.observer/filing/0000950170-24-030764.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1114995/000095017024030764/0000950170-24-030764-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1114995/000095017024030764/pi-20240313.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T22:02:29.128904+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3431672bb5abbca5fad661f4956308c42df8b79a","claim":"IMPINJ INC entered into Settlement and Patent Cross-License Agreement with NXP Semiconductors N.V. and its subsidiary NXP USA, Inc. valued at $45.0 million one-time payment plus annual license fee payments starting at $15.0 million increasing (effective 2024-03-13).","evidence_excerpt":"On March 13, 2024, Impinj, Inc. (“Impinj”) and NXP Semiconductors N.V. and its subsidiary NXP USA, Inc. (collectively, “NXP”) entered into a Settlement and Patent Cross-License Agreement dated March 13, 2024 (the “Agreement”), which resolves all outstanding litigation and other proceedings between them.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1114995/000095017024030764/0000950170-24-030764-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"NXP Semiconductors N.V. and its subsidiary NXP USA, Inc."},{"label":"Value","value":"$45.0 million one-time payment plus annual license fee payments starting at $15.0 million increasing"},{"label":"Effective","value":"2024-03-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}