Adam Elsesser - 12 Jun 2023 Form 4 Insider Report for Penumbra Inc (PEN)

Signature
/s/ Johanna Roberts, as attorney-in-fact for Adam Elsesser
Issuer symbol
PEN
Transactions as of
12 Jun 2023
Net transactions value
-$3,061,569
Form type
4
Filing time
14 Jun 2023, 20:43:49 UTC
Previous filing
15 May 2023
Next filing
13 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEN Common Stock Options Exercise $74,912 +9,666 $7.75 9,666 12 Jun 2023 Direct
transaction PEN Common Stock Sale $294,990 -918 -9.5% $321.34 8,748 12 Jun 2023 Direct F1, F2
transaction PEN Common Stock Sale $505,257 -1,568 -18% $322.23 7,180 12 Jun 2023 Direct F1, F3
transaction PEN Common Stock Sale $232,359 -719 -10% $323.17 6,461 12 Jun 2023 Direct F1, F4
transaction PEN Common Stock Sale $258,815 -798 -12% $324.33 5,663 12 Jun 2023 Direct F1, F5
transaction PEN Common Stock Sale $1,093,490 -3,362 -59% $325.25 2,301 12 Jun 2023 Direct F1, F6
transaction PEN Common Stock Sale $503,247 -1,542 -67% $326.36 759 12 Jun 2023 Direct F1, F7
transaction PEN Common Stock Sale $248,322 -759 -100% $327.17 0 12 Jun 2023 Direct F1, F8
holding PEN Common Stock 957,582 12 Jun 2023 By Trust F9

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 -9,666 -20% $0.000000 38,668 12 Jun 2023 Common Stock 9,666 $7.75 Direct F10
* 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 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 $320.72 to $321.71. 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.
F3 This transaction was executed in multiple trades at prices ranging from $321.72 to $322.66. 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.
F4 This transaction was executed in multiple trades at prices ranging from $322.89 to $323.65. 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 $323.80 to $324.71. 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.
F6 This transaction was executed in multiple trades at prices ranging from $324.73 to $325.71. 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.
F7 This transaction was executed in multiple trades at prices ranging from $325.76 to $326.70. 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 $326.74 to $327.63. 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 Shares are held by the Siegel/Elsesser Revocable Trust.
F10 All shares are vested and exercisable.