Sarna Surbhi 4

4 · Penumbra Inc · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

Penumbra (PEN) Director Surbhi Sarna Receives RSU Award (589)

What Happened

Surbhi Sarna, a director of Penumbra, was granted 589 restricted stock units (RSUs) on February 13, 2026. The award is reported as an acquisition at $0.00 (total reported acquisition value $0). This is an equity grant (award), not a purchase or sale.

Key Details

Transaction date: 2026-02-13; Filing date (Form 4): 2026-02-18.
Security: Common stock reported as restricted stock units (RSUs); 589 units granted at $0.00 per share.
Shares owned after transaction: Not specified in the provided filing excerpt.
Vesting (footnotes): RSUs vest 1/4 on each of Mar 31, Jun 30, Sep 30 and Dec 31, 2026, subject to continued service. If the specified merger closing (Boston Scientific acquisition) occurs, any remaining unvested RSUs will fully vest on the Closing, subject to continued service. A portion of the shares is subject to vesting.
Filing timeliness: Form 4 was filed 5 calendar days after the grant (filed Feb 18 vs. transaction Feb 13); this appears to be after the usual two-business-day deadline for Form 4s.

Context

RSU grants are compensation awards and do not represent an immediate sale or purchase of shares; they convert into shares only as they vest. The merger-related full-vesting provision means unvested RSUs could accelerate if the Boston Scientific transaction closes.

Form 4

Period: 2026-02-13

Director

Transactions

Footnotes (2)

[F1]Restricted stock units (RSUs) vest as to 1/4 on each of March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026, subject to Ms. Sarna's continued service as director through such dates. Notwithstanding the foregoing, if the Closing (as defined in that certain Agreement and Plan of Merger, dated as of January 14, 2026, among the Issuer, Boston Scientific Corporation, a Delaware corporation, and Pinehurst Merger Sub, Inc., a Delaware corporation) occurs, any of the RSUs that remain unvested will fully vest on the Closing, subject to Ms. Sarna's continued service as director through such date.
[F2]A portion of these shares is subject to vesting.

Signature

/s/ Johanna Roberts, as attorney-in-fact for Surbhi Sarna|2026-02-18

1 file