| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PEN | Common Stock | Sale | -$1.19M | -4.33K | -0.99% | $275.46 | 432K | Apr 3, 2023 | Direct | F1, F2, F3 |
| transaction | PEN | Common Stock | Sale | -$185K | -669 | -0.15% | $276.40 | 431K | Apr 3, 2023 | Direct | F1, F3, F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan. |
| F2 | This transaction was executed in multiple trades at prices ranging from $275.00 to $275.95. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected. |
| F3 | A portion of these shares is subject to vesting. |
| F4 | This transaction was executed in multiple trades at prices ranging from $276.00 to $276.66. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected. |