Penumbra Board Member's Minimal Stock Sale Shows Continued Confidence
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Penumbra Director Bridget O'Rourke reported a Form 4 filing disclosing the sale of 50 shares of common stock at a price of $259.78 per share on June 16, 2025. The transaction was executed under a pre-established Rule 10b5-1 trading plan, which provides a safe harbor from insider trading allegations.
Following the transaction, O'Rourke maintains beneficial ownership of 5,373 shares held directly, with a portion subject to vesting restrictions. The filing was submitted on June 28, 2025, within the required reporting timeframe.
- Transaction Type: Sale of Common Stock
- Total Transaction Value: $12,989
- Ownership Form: Direct
- Role: Director
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 50 shares ($12,989)
Net Sell
1 txn
Insider
O'Rourke Bridget
Role
Director
Sold
50 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 50 | $259.78 | $13K |
Holdings After Transaction:
Common Stock — 5,373 shares (Direct)
Footnotes (1)
- The sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan. A portion of these shares is subject to vesting.
FAQ
Was PEN Director O'Rourke's stock sale part of a 10b5-1 trading plan?
Yes, according to the Form 4 filing, the sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan, as noted in the explanation of responses.
What is Bridget O'Rourke's role at PEN according to the Form 4?
According to the Form 4 filing, Bridget O'Rourke serves as a Director of Penumbra Inc (PEN), as indicated by the 'X' marked in the Director box under the relationship section.