Form 4: Penumbra Inc. Director Don W. Kassing Reports Stock Sale
SEC Form 4 Filing
Director Don W. Kassing of Penumbra Inc. reports selling 170 shares of common stock at $179.99 per share on July 1, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On July 1, 2024, Don W. Kassing, a director of Penumbra Inc., sold 170 shares of common stock at a price of $179.99 per share.
- The sale was executed under a pre-existing Rule 10b5-1 trading plan.
- Following the transaction, Kassing directly owns 1,005 shares of common stock, 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 routine regulatory filing related to an insider stock sale under a pre-arranged trading plan, suggesting a neutral sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of stock sale transaction |
| 07/03/2024 | Date of signature on the Form 4 filing |
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