Form 4: Penumbra Director Sells Shares Under 10b5-1 Plan

Penumbra Inc. Director Harpreet Grewal sold 186 shares of common stock for $248.61 per share, reducing beneficial ownership to 8,702 shares.

Summary

• Harpreet Grewal, a Director of Penumbra Inc. (PEN), reported a sale of common stock.
• The transaction involved the disposition of 186 shares of Penumbra common stock.
• The shares were sold at a price of $248.61 per share.
• The total value of shares sold was approximately $46,241.46.
• Following the transaction, Harpreet Grewal beneficially owns 8,702 shares of common stock.
• The sale was executed on October 2, 2025.
• The transaction was made pursuant to a Rule 10b5-1 trading plan, indicating it was pre-scheduled.

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock sale under a pre-arranged 10b5-1 plan, which is generally considered neutral in terms of company sentiment as it reflects personal financial planning rather than a change in company fundamentals or outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide information directly related to broader industry trends or competitive landscape for Penumbra Inc.

Stakeholder Impact

• Shareholders: The sale by a director, though small and pre-planned, is a routine disclosure of insider activity. It does not inherently signal a change in company prospects but provides transparency on insider holdings.

Key Dates

Recommendation

This Form 4 filing details a relatively small, pre-scheduled insider stock sale by a director under a Rule 10b5-1 plan. Such transactions are typically for personal financial management and do not usually indicate a change in the company's fundamental business outlook or performance. Therefore, this specific filing alone does not provide sufficient new information to warrant a change from a 'hold' recommendation for Penumbra Inc. stock.

Keywords

Penumbra Inc, PEN, Harpreet Grewal, Insider Trading, Form 4, Stock Sale, Director, 10b5-1 Plan