Penumbra (PEN) President Narayan Shruthi Withholds 1,230 Shares for Taxes

What Happened
Narayan Shruthi, President of Penumbra Inc. (PEN), had 1,230 shares withheld by the company on 2026-09-15 to satisfy tax withholding related to the vesting of restricted stock units. The withheld shares were valued at $318.43 each, for a total disposition value of $391,669. This was a tax-withholding/cashless settlement (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-09-15 @ $318.43 per share.
• Shares disposed: 1,230 (withheld to cover tax obligations). Total reported value: $391,669.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1 — shares were withheld by the issuer to satisfy tax withholding on vested RSUs; F2 — a portion of these shares is subject to vesting.
• Filing date: 2026-09-17; filing appears timely (Form 4 due within two business days).

Context
Withholding shares to cover taxes on vested restricted stock units is a routine administrative transaction and does not necessarily signal a buy or sell decision by the insider. For retail investors, purchases are typically more informative than tax-withholdings; this filing documents internal tax settlement rather than a market sale.