Form 4: Penumbra Inc. CEO Adam Elsesser Donates 260,000 Shares to Charity

Penumbra Inc. CEO Adam Elsesser reported a charitable donation of 260,000 shares of common stock and indirect ownership of 86,613 shares held by the Siegel/Elsesser Revocable Trust.

Summary

• Adam Elsesser, CEO and President of Penumbra Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 21, 2025, Elsesser donated 260,000 shares of Penumbra Inc. common stock to a Massachusetts school focused on educating students with complex language and learning challenges.
• The donation was a gift, and the price per share was $0.
• Following the transaction, Elsesser directly owns 577,582 shares and indirectly owns 86,613 shares through the Siegel/Elsesser Revocable Trust.

Sentiment

Score: 7

Explanation: The document reflects a positive action (charitable donation) by the CEO, which is generally viewed favorably. However, it's a routine filing and doesn't significantly impact the company's financial outlook.

Positives

• The charitable donation may improve Penumbra's public image.

Industry Context

Executives often make charitable donations of company stock as part of their philanthropic efforts and tax planning strategies. This is a common practice among high-level executives.

Stakeholder Impact

• The charitable donation may have a minor positive impact on Penumbra's reputation among stakeholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Adam Elsesser, Penumbra Inc, Charitable Donation, Common Stock