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

Penumbra Inc. Director Thomas Wilder sold 186 shares of common stock for $310.72 per share as part of a pre-arranged Rule 10b5-1 trading plan.

Summary

• Thomas Wilder, a Director of Penumbra Inc., sold 186 shares of the company's common stock.
• The transaction occurred on January 2, 2026, at a price of $310.72 per share.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
• Following this transaction, Thomas Wilder directly owns 0 shares and indirectly owns 4,506 shares through the Thomas and Catharine Wilder Family Trust.

Sentiment

Score: 5

Explanation: Neutral. The sale is a routine insider transaction conducted under a pre-arranged 10b5-1 plan, which mitigates any negative sentiment typically associated with insider selling.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not based on new, non-public information.

Negatives

• A director selling shares, even under a 10b5-1 plan, can sometimes be perceived as a slight negative signal regarding management's confidence, though the impact is mitigated by the plan.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing and does not provide specific industry context or trends. It reflects an individual director's pre-planned stock sale rather than a broader company or industry event.

Related Party Transactions

• The 4,506 shares indirectly owned by Thomas Wilder are held by the Thomas and Catharine Wilder Family Trust dated March 31, 2006, which is considered a related party.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, pre-planned insider sale. The transaction's small size relative to the company's market capitalization is unlikely to significantly affect overall market sentiment or company operations.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-scheduled sale of a small number of shares by a director under a 10b5-1 plan. Such transactions are generally not indicative of a change in company fundamentals or management's long-term outlook. Therefore, it does not provide sufficient new information to warrant a change from a 'hold' position based solely on this filing.

Keywords

Penumbra Inc, PEN, Form 4, Insider Trading, Stock Sale, Director, Thomas Wilder, 10b5-1 Plan, Common Stock