Form 4: Penumbra Inc. Executive Vice President, General Counsel & Secretary Sells Shares Under 10b5-1 Plan

Johanna Roberts, EVP, General Counsel & Secretary of Penumbra Inc., sold a total of 600 shares of common stock on December 2, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Johanna Roberts, an executive at Penumbra Inc., sold 600 shares of the company's common stock on December 2, 2024.
• The sales were executed in multiple transactions at varying prices.
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan.
• The weighted average sale prices ranged from $242.50 to $245.15 per share.
• Following the transactions, Ms. Roberts beneficially owns 63,444 shares of Penumbra Inc. common stock, a portion of which is subject to vesting.

Sentiment

Score: 5

Explanation: The document is a routine Form 4 filing for an executive stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, although these sales were under a pre-arranged plan.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies. The use of a 10b5-1 trading plan indicates that the sales were pre-planned and not based on any material non-public information.

Comparison to Industry Standards

• Executive stock sales are a normal part of compensation and portfolio management for executives at publicly traded companies.
• The use of a 10b5-1 trading plan is a common practice to avoid accusations of insider trading, and is a standard practice across the industry.
• The volume of shares sold is relatively small compared to the total outstanding shares of Penumbra Inc., and is not unusual for an executive of this level.

Stakeholder Impact

• The stock sale may have a minor impact on the share price, but is unlikely to be significant given the relatively small volume and the pre-planned nature of the transactions.

Key Dates

Keywords

Penumbra Inc, stock sale, insider trading, Form 4, Rule 10b5-1, Johanna Roberts, executive stock, share transaction