Form 4: Penumbra Inc. Director Harpreet Grewal Reports Stock Transaction
SEC Form 4 Filing
Director Harpreet Grewal reports acquisition and disposal of Penumbra Inc. common stock and restricted stock units.
Summary
- On February 14, 2025, Harpreet Grewal, a director of Penumbra Inc., reported a transaction involving the company's common stock.
- Grewal acquired 744 shares of common stock and disposed of some shares.
- Following the reported transactions, Grewal beneficially owns 9,274 shares of Penumbra Inc.
- The reported transaction also involves restricted stock units that vest quarterly through December 31, 2025, contingent upon continued service as a director.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions by a company insider.
Future Outlook
The vesting of restricted stock units is contingent upon Mr. Grewal's continued service as a director.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of stock transaction (acquisition and disposal). |
| 02/19/2025 | Date of signature for the report. |
| 03/31/2025 | First vesting date for restricted stock units. |
| 06/30/2025 | Second vesting date for restricted stock units. |
| 09/30/2025 | Third vesting date for restricted stock units. |
| 12/31/2025 | Final vesting date for restricted stock units. |
Keywords
Form 4, Penumbra Inc, Director, Stock Transaction, Harpreet Grewal, Common Stock, Restricted Stock Units, Beneficial Ownership
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