Johanna Roberts - May 12, 2023 Form 4 Insider Report for Penumbra Inc (PEN)

Signature
/s/ Johanna Roberts
Stock symbol
PEN
Transactions as of
May 12, 2023
Transactions value $
-$996,720
Form type
4
Date filed
5/16/2023, 07:32 PM
Previous filing
Apr 18, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEN Common Stock Options Exercise $14.4K +652 +0.93% $22.04 70.4K May 12, 2023 Direct F1
transaction PEN Common Stock Sale -$119K -375 -0.53% $317.32 70.1K May 12, 2023 Direct F1, F2, F3
transaction PEN Common Stock Sale -$139K -436 -0.62% $318.20 69.6K May 12, 2023 Direct F1, F2, F4
transaction PEN Common Stock Sale -$59.7K -187 -0.27% $319.24 69.4K May 12, 2023 Direct F1, F2, F5
transaction PEN Common Stock Sale -$5.12K -16 -0.02% $320.13 69.4K May 12, 2023 Direct F1, F2, F6
transaction PEN Common Stock Sale -$8.06K -25 -0.04% $322.38 69.4K May 12, 2023 Direct F1, F2, F7
transaction PEN Common Stock Sale -$144K -447 -0.64% $322.95 68.9K May 12, 2023 Direct F1, F2, F8
transaction PEN Common Stock Sale -$4.54K -14 -0.02% $324.07 68.9K May 12, 2023 Direct F1, F2, F9
transaction PEN Common Stock Tax liability -$532K -1.69K -2.45% $314.92 67.2K May 15, 2023 Direct F1, F10

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 PEN Stock Option (right to buy) Options Exercise $0 -652 -7.9% $0.00 7.6K May 12, 2023 Common Stock 652 $22.04 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 A portion of these shares is subject to vesting.
F2 The sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
F3 This transaction was executed in multiple trades at prices ranging from $316.84 to $317.71. 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.
F4 This transaction was executed in multiple trades at prices ranging from $317.87 to $318.76. 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.
F5 This transaction was executed in multiple trades at prices ranging from $318.90 to $319.79. 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.
F6 This transaction was executed in multiple trades at prices ranging from $320.00 to $320.50. 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.
F7 This transaction was executed in multiple trades at prices ranging from $321.89 to $322.73. 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.
F8 This transaction was executed in multiple trades at prices ranging from $322.87 to $323.41. 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.
F9 This transaction was executed in multiple trades at prices ranging from $324.00 to $324.10. 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.
F10 Shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the Reporting Person.
F11 All shares are vested and exercisable.