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

Penumbra's EVP, General Counsel, and Secretary, Johanna Roberts, sold 600 shares of common stock on September 2, 2025, through a pre-arranged 10b5-1 trading plan.

Summary

• Johanna Roberts, Executive Vice President, General Counsel, and Secretary of Penumbra Inc. (PEN), reported the sale of 600 shares of common stock.
• The transactions occurred on September 2, 2025, and were executed under a Rule 10b5-1 trading plan.
• The sales were conducted in multiple trades at weighted average prices ranging from $269.20 to $273.12 per share.
• Following these transactions, Johanna Roberts beneficially owns 64,857 shares of Penumbra common stock.
• A portion of the beneficially owned shares is subject to vesting.

Sentiment

Score: 5

Explanation: The filing reports a pre-scheduled insider stock sale under a 10b5-1 plan, which is generally considered a neutral event as it is not indicative of new information or a change in the insider's view of the company's prospects.

Industry Context

This filing reports a routine insider transaction under a pre-arranged trading plan, which is a common practice for executives to manage personal finances and diversify holdings while complying with insider trading regulations. It does not provide information directly related to broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The sale of 600 shares by an executive is a minor transaction and is unlikely to have a significant impact on the company's stock price or investor sentiment, especially given it was pre-planned under a 10b5-1 plan.

Key Dates

Keywords

Penumbra, PEN, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Johanna Roberts, Executive Compensation