Don W. Kassing - Sep 8, 2023 Form 4 Insider Report for Penumbra Inc (PEN)

Role
Director
Signature
/s/ Jee Hamlyn-Harris, as attorney-in-fact for Don W. Kassing
Stock symbol
PEN
Transactions as of
Sep 8, 2023
Transactions value $
-$128,165
Form type
4
Date filed
9/12/2023, 08:03 PM
Previous filing
Aug 9, 2023
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEN Common Stock Sale -$128K -444 -23.34% $288.66 1.46K Sep 8, 2023 Direct F1, F2
holding PEN Common Stock 8.5K Sep 8, 2023 By Trust F3
* 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 A portion of these shares is subject to vesting.
F3 Shares are held by The Kassing Family Trust.