Roger S. Penske - Aug 16, 2021 Form 4 Insider Report for PENSKE AUTOMOTIVE GROUP, INC. (PAG)

Role: Chair & CEO, Director, 10%+ Owner
Signature: /s/Shane M. Spradlin as attorney in fact
Stock symbol: PAG
Transactions as of: Aug 16, 2021
Transactions value $: -$2,246,843
Form type: 4
Date filed: 8/17/2021, 04:56 PM
Previous filing: Jun 3, 2021
Next filing: Feb 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAG	Common Stock	Sale	-$2.25M	-25K	-8.02%	$89.87	287K	Aug 16, 2021	By Trust	F1, F2

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

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trade prices ranging from $89.07 to $90.18. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2	Mr. Penske also reports indirect beneficial ownership of 33,688,936 shares held by Penske Automotive Holdings Corp. (a subsidiary of Penske Corporation) and 492,185 shares held by Penske Corporation. Mr. Penske also reports direct beneficial ownership of 623,119 shares. The 25,000 shares sold on August 16, 2021 were previously held directly. Mr. Penske disclaims beneficial ownership of the securities held indirectly, except to the extent of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities.

Content

This transaction was executed in multiple trade prices ranging from $89.07 to $90.18. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Mr. Penske also reports indirect beneficial ownership of 33,688,936 shares held by Penske Automotive Holdings Corp. (a subsidiary of Penske Corporation) and 492,185 shares held by Penske Corporation. Mr. Penske also reports direct beneficial ownership of 623,119 shares. The 25,000 shares sold on August 16, 2021 were previously held directly. Mr. Penske disclaims beneficial ownership of the securities held indirectly, except to the extent of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities.