Penumbra Inc President Disposes Shares for Tax Withholding
Penumbra Inc
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Filing Summary
# Insider Transaction Alert: Penumbra Inc ($PEN)
**Insider**: Narayan Shruthi (President)
**Transaction Type**: Tax Withholding (Code F)
**Date**: 2026-09-15
**Shares Transacted**: 1,230 shares @ $318.43
**Total Value**: $391,668.90
**Shares Held Post-Transaction**: 32,650 shares
**Significance**: Low (Routine tax obligation disposition)
Comprehensive Analysis
Transaction Summary
On September 15, 2026, Penumbra Inc's ($PEN) President, Shruthi Narayan, surrendered 1,230 shares of Common Stock at $318.43 per share, totaling approximately $391,668.90. This disposition was executed under transaction code F to cover tax withholding obligations resulting from the vesting of restricted stock units (RSUs).
Insider Holding Context
Following this transaction, Narayan retains direct ownership of 32,650 shares of Penumbra Inc common stock, a portion of which remains subject to future vesting conditions.
Market Impact & Significance
The filing represents a routine, non-discretionary transaction rather than an open-market sale. Transaction Code 'F' filings are standard administrative procedures used to satisfy statutory tax obligations upon equity award vesting. Consequently, this disposition has low market and signaling significance and does not reflect changes in management's outlook on the company.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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