Form 4: Penumbra Inc. Executive Vice President, General Counsel & Secretary, Johanna Roberts, Reports Stock Sales

Johanna Roberts, EVP, General Counsel & Secretary of Penumbra Inc., reports the sale of common stock on May 13, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 13, 2024, Johanna Roberts, the EVP, General Counsel & Secretary of Penumbra Inc., sold shares of common stock.
• The sales were executed under a Rule 10b5-1 trading plan.
• A total of 600 shares were sold in multiple transactions at varying prices.
• The prices ranged from $204.8 to $214.43 per share.
• Following the reported transactions, Roberts directly owns 63,488 shares of Penumbra Inc. common stock, a portion of which is subject to vesting.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as the sales were conducted under a pre-arranged trading plan.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and their confidence in the company's stock.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates