Johanna Roberts - Nov 15, 2024 Form 4 Insider Report for Penumbra Inc (PEN)

Signature
/s/ Johanna Roberts
Stock symbol
PEN
Transactions as of
Nov 15, 2024
Transactions value $
-$175,713
Form type
4
Date filed
11/19/2024, 08:04 PM
Previous filing
Oct 3, 2024
Next filing
Dec 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEN Common Stock Award $0 +4.29K +7.09% $0.00 64.8K Nov 15, 2024 Direct F1, F2
transaction PEN Common Stock Tax liability -$31.9K -134 -0.21% $237.84 64.6K Nov 15, 2024 Direct F2, F3
transaction PEN Common Stock Sale -$4.25K -18 -0.03% $235.98 64.6K Nov 18, 2024 Direct F2, F4, F5
transaction PEN Common Stock Sale -$8.52K -36 -0.06% $236.59 64.6K Nov 18, 2024 Direct F2, F4, F6
transaction PEN Common Stock Sale -$10.8K -45 -0.07% $238.90 64.5K Nov 18, 2024 Direct F2, F4, F7
transaction PEN Common Stock Sale -$90.2K -376 -0.58% $239.93 64.2K Nov 18, 2024 Direct F2, F4, F8
transaction PEN Common Stock Sale -$27K -112 -0.17% $240.82 64.1K Nov 18, 2024 Direct F2, F4, F9
transaction PEN Common Stock Sale -$3.14K -13 -0.02% $241.69 64K Nov 18, 2024 Direct F2, F4, 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 On November 15, 2024, the Reporting Person was granted 4,290 restricted stock units (RSUs) under the Issuer's Amended and Restated 2014 Equity Incentive Plan, of which 1/4 of the RSUs will vest equally on an annual basis, beginning on November 15, 2025, subject to continued service by the Reporting Person on the applicable vesting date.
F2 A portion of these shares is subject to vesting.
F3 Shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs granted to the Reporting Person.
F4 The sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
F5 This transaction was executed in multiple trades at prices ranging from $235.40 to $236.35. 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 $236.48 to $236.86. 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 $238.60 to $239.37. 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 $239.40 to $240.37. 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 $240.40 to $241.39. 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 This transaction was executed in multiple trades at prices ranging from $241.53 to $241.93. 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.