Form 4: Penumbra Inc. Executive Vice President Sells Shares

Johanna Roberts, EVP, Gen. Counsel & Secretary of Penumbra Inc., reports the sale of 600 shares of common stock at an average price of $300.01.

Summary

• On April 24, 2025, Johanna Roberts, EVP, Gen. Counsel & Secretary of Penumbra Inc., sold 600 shares of common stock.
• The sale was executed at a weighted average price of $300.01 per share, with individual trades ranging from $300.00 to $300.16.
• The transaction was made pursuant to a Rule 10b5-1 trading plan.
• Following the transaction, Roberts directly owns 66,159 shares of Penumbra Inc., a portion of which is subject to vesting.
• Roberts also exercised a stock option to acquire 600 shares at $22.04.
• After the transaction, Roberts directly owns 1,998 derivative securities.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It is common for executives to have pre-arranged trading plans (Rule 10b5-1) to sell shares over time.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies.
• The legality of the sale is ensured by the use of a 10b5-1 trading plan.
• Comparable companies such as Stryker, Medtronic, and Boston Scientific also have executives who regularly trade company stock, as disclosed in Form 4 filings.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider information.
• The impact on employees, customers, suppliers, and creditors is likely minimal.

Key Dates

Keywords

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