Form 4: Penumbra Inc. Director Don W. Kassing Reports Stock Sale

Director Don W. Kassing of Penumbra Inc. reports selling 170 shares of common stock at $193.93 per share on October 1, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On October 1, 2024, Don W. Kassing, a director of Penumbra Inc., sold 170 shares of common stock at a price of $193.93 per share.
• The sale was executed under a Rule 10b5-1 trading plan.
• Following the transaction, Kassing directly owns 835 shares of Penumbra Inc., a portion of which is subject to vesting.
• Kassing also indirectly owns 8,500 shares through The Kassing Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting a stock sale by a director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure of a transaction by a company insider. It's common for executives and directors to have pre-arranged trading plans to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares sold and the existence of a pre-arranged trading plan.

Key Dates