Form 4: Penumbra Executive Johanna Roberts Sells Shares Under Pre-Arranged Trading Plan

Johanna Roberts, EVP, General Counsel, and Secretary of Penumbra Inc., has sold 599 shares of common stock for approximately $155,000 through a Rule 10b5-1 trading plan.

Summary

• Johanna Roberts, the Executive Vice President, General Counsel, and Secretary of Penumbra Inc. (PEN), reported the sale of common stock.
• The transactions occurred on June 2, 2025, and were executed pursuant to a pre-arranged Rule 10b5-1 trading plan.
• A total of 599 shares of Penumbra Inc. common stock were sold across multiple transactions.
• The sales were conducted at weighted average prices ranging from $256.06 to $266.94 per share.
• The total value of the shares sold is approximately $155,000.
• Following these transactions, Johanna Roberts directly beneficially owns 64,714 shares of Penumbra Inc. common stock.
• A portion of the beneficially owned shares is noted as being subject to vesting.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive due to the transparency provided by the Rule 10b5-1 plan, which indicates pre-planned sales rather than opportunistic selling. The amount sold is also relatively small compared to total beneficial ownership.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, indicating pre-scheduled transactions and reducing concerns about opportunistic insider selling.

Negatives

• The reduction in insider ownership, even if pre-planned, can sometimes be perceived as a minor negative signal by some investors.

Risks

• No specific risks are detailed in this Form 4 filing beyond the general implications of insider stock sales.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in insider ownership, which is generally neutral given the pre-planned nature of the transaction.

Key Dates

Keywords

Penumbra Inc, PEN, Form 4, Insider Trading, Stock Sale, Johanna Roberts, Beneficial Ownership, Rule 10b5-1, Executive Compensation