Form 4: Penumbra Inc. Executive Vice President, General Counsel & Secretary, Johanna Roberts, Reports Stock Option Exercise and Sale of Shares
SEC Form 4 Filing
Johanna Roberts, EVP, General Counsel & Secretary of Penumbra Inc., reports exercising stock options and selling shares of common stock on May 12, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 12, 2025, Johanna Roberts, the EVP, General Counsel & Secretary of Penumbra Inc., exercised stock options to acquire 55 shares of common stock at a price of $22.04 per share.
- Following the exercise, Roberts sold a total of 900 shares of Penumbra Inc. common stock in multiple transactions at prices ranging from $292.86 to $300.94.
- These sales were executed under a pre-arranged Rule 10b5-1 trading plan.
- After these transactions, Roberts directly owns 65,314 shares of Penumbra Inc. common stock, a portion of which is subject to vesting, and 1,943 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Insider trading activity is a common occurrence in publicly listed companies, and the reporting requirements are standardized by the SEC.
- The Rule 10b5-1 trading plan is a common tool used by executives to avoid accusations of insider trading, allowing them to sell shares at predetermined times and prices.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.
- The disclosure provides transparency to stakeholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 05/12/2025 | Date of stock option exercise and sale of shares. |
| 05/14/2025 | Date of signature on the Form 4 filing. |
| 08/11/2025 | Expiration date of the stock options. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Share Sale, Penumbra Inc, Roberts Johanna, Rule 10b5-1
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