Elsesser Adam 4

What Happened Adam Elsesser, CEO and director of Penumbra Inc. (PEN), reported a gift of 77,000 common shares on a Form 4 covering a transaction dated May 19, 2026. The transaction is reported as a gift (transaction code G) with a reported dollar value of $0 on the filing. The shares are held by the Siegel/Elsesser Revocable Trust per the filing.

Key Details

• Transaction date: 2026-05-19; Form 4 filed: 2026-05-21.
• Transaction type/code: Gift (G). Reported price/value: $0.
• Shares involved: 77,000 shares. Post-transaction individual holdings are not specified in the provided filing; shares are reported as held by the Siegel/Elsesser Revocable Trust (Footnote F3).
• Footnotes: F1 — charitable donation to a Massachusetts school for students with complex language/learning challenges; F2 — changes between direct and indirect holdings via the trust are exempt under Rule 16a-13; F3 — shares are held by the Siegel/Elsesser Revocable Trust.
• Timeliness: Filing appears timely (transaction 5/19/26; Form 4 filed 5/21/26).

Context Gifts by insiders are typically charitable or estate-planning actions and do not necessarily signal bullish or bearish views on the stock. The filing notes the donation was to a Massachusetts school and clarifies trust-held shares and exempt changes in form of ownership under Rule 16a-13.