Penumbra President Shruthi Narayan Disposes of Shares for Tax Withholding
Penumbra Inc
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Filing Summary
### Insider Transaction Report: Penumbra Inc (NYSE: PEN)
**Insider:** Narayan Shruthi (President)
**Transaction:** Tax Withholding (Code F)
**Date:** 2026-10-15
**Shares:** 1,367 @ $321.20
**Value:** $439,080.40
**Shares Owned Following:** 31,283
**Significance:** Low (Routine disposition to cover tax obligations upon RSU vesting)
Comprehensive Analysis
Overview
On October 16, 2026, Penumbra Inc ($PEN) filed a Form 4 reporting an insider transaction by President Shruthi Narayan. On October 15, 2026, Narayan disposed of 1,367 shares of common stock at a price of $321.20 per share, amounting to approximately $439,080.40.
Transaction Details
- Transaction Code: F (Payment of exercise price or tax liability by delivering or withholding securities)
- Nature of Transaction: The shares were withheld by the issuer to fulfill statutory tax withholding requirements associated with the vesting of restricted stock units (RSUs).
- Post-Transaction Holdings: Following the transaction, Narayan directly holds 31,283 shares of Penumbra common stock, a portion of which remains subject to future vesting.
Market & Trading Significance
This transaction carries Low trading significance. Dispositions under Transaction Code F are administrative and non-discretionary, representing standard tax-withholding mechanisms rather than open-market buying or selling sentiment from management.
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