Adam Elsesser - May 20, 2024 Form 4 Insider Report for Penumbra Inc (PEN)

Signature
/s/ Johanna Roberts, as attorney-in-fact for Adam Elsesser
Stock symbol
PEN
Transactions as of
May 20, 2024
Transactions value $
-$3,014,734
Form type
4
Date filed
5/22/2024, 07:38 PM
Previous filing
Mar 8, 2024
Next filing
Jul 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEN Common Stock Sale -$1.55M -7.72K -0.81% $200.62 950K May 20, 2024 By Trust F1, F2, F3
transaction PEN Common Stock Sale -$1.27M -6.32K -0.67% $201.16 944K May 20, 2024 By Trust F1, F3, F4
transaction PEN Common Stock Sale -$137K -679 -0.07% $202.46 943K May 20, 2024 By Trust F1, F3, F5
transaction PEN Common Stock Sale -$57.5K -283 -0.03% $203.35 943K May 20, 2024 By Trust F1, F3, F6
holding PEN Common Stock 5K May 20, 2024 Direct
* 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 $200.00 to $200.99. 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 Shares are held by the Siegel/Elsesser Revocable Trust.
F4 This transaction was executed in multiple trades at prices ranging from $201.00 to $201.66. 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.
F5 This transaction was executed in multiple trades at prices ranging from $202.08 to $202.96. 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 $203.14 to $203.55. 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.