Narayan Shruthi 4

What Happened
Narayan Shruthi, President of Penumbra, received two restricted stock unit (RSU) grants totaling 5,260 RSUs (2,630 RSUs on Feb 13, 2026 and 2,630 RSUs on Feb 17, 2026). The grants were awarded at $0.00 (typical for RSUs). On Feb 15, 2026, 705 shares were disposed/withheld to satisfy tax withholding obligations at a reported price of $339.30 per share, generating proceeds of approximately $239,207. The RSU awards are subject to time-based vesting; some RSUs remain unvested.

Key Details

• Transactions:
  • 2026-02-13 — Grant (A): 2,630 RSUs @ $0.00 (acquired)
  • 2026-02-15 — Tax withholding (F): 705 shares withheld/ disposed @ $339.30 = $239,207
  • 2026-02-17 — Grant (A): 2,630 RSUs @ $0.00 (acquired)
• Shares owned after transaction: not disclosed in the filing.
• Notable footnotes:
  • F1/F4: Each 2,630-RSU grant generally vests 1/4 annually (Feb 15 each year) over four years; unvested RSUs will fully vest if the merger closing referenced in the grant documents occurs (acceleration on closing).
  • F3: The 705 shares were withheld by the issuer to satisfy tax withholding on RSU vesting.
  • F2: A portion of the shares is subject to vesting (i.e., not all are vested immediately).
• Filing timeliness: Form filed 2026-02-18. The Feb 13 and Feb 15 transactions were reported after the 2-business-day reporting window (reported one business day late); the Feb 17 grant was reported timely.

Context / What this means for investors

• RSUs are a form of compensation that simply grant the right to receive shares if and when they vest; they are not cash purchases by the insider. Tax-withholding share disposals are routine and do not necessarily indicate a decision to sell stock for investment reasons.
• The grants include typical service-based vesting and also contain acceleration language tied to the issuer’s pending merger, which could cause unvested RSUs to vest upon the merger closing.