Form 4: Penumbra Inc. Executive Johanna Roberts Reports Stock Sales
SEC Form 4 Filing
EVP, Gen. Counsel & Secretary of Penumbra Inc., Johanna Roberts, reports the sale of common stock on July 1, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Johanna Roberts, EVP, Gen. Counsel & Secretary of Penumbra Inc., filed a Form 4 on July 3, 2024, reporting changes in beneficial ownership.
- On July 1, 2024, Roberts sold 453 shares of common stock at a weighted average price of $178.98, with individual trades ranging from $178.61 to $179.53.
- Additionally, Roberts sold 147 shares of common stock on the same day at a weighted average price of $179.87, with individual trades ranging from $179.62 to $179.99.
- Following these transactions, Roberts beneficially owns 62,288 shares of Penumbra Inc. common stock, a portion of which is subject to vesting.
- The sales were executed under a Rule 10b5-1 trading plan.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on insider information.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of stock sale transactions |
| 07/03/2024 | Date of Form 4 filing |
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