Penumbra Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Item 9B. Other Information
Rule 10b5-1 Trading Plans
During the quarterly period ended December 31, 2023, certain of our directors and officers adopted or terminated trading plans, each of which was or is, as applicable, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (the “Rule 10b5-1 Trading Arrangements”). Each Rule 10b5-1 Trading Arrangement was entered into or terminated, as applicable, during an open trading window under our Securities Trading Policy. The following table presents the material terms of each Rule 10b5-1 Trading Arrangement adopted or terminated by our officers and directors during the three months ended December 31, 2023, other than terms with respect to the price at which the individual executing the Rule 10b5-1 Trading Arrangement is authorized to trade:
| Name and Title of Officer or Director | Plan Action | Plan Action Date | Plan Duration | Total Securities to be Sold |
|---|---|---|---|---|
| Don Kassing, Director | Adoption | 11/8/2023 | 3/1/2024 - 1/7/2025 | 1,458 |
| Arani Bose, Director | Adoption | 11/22/2023 | 2/28/2024 - 8/30/2024 | 30,000 |
| Johanna Roberts, Executive Vice President, General Counsel and Secretary | Adoption | 11/29/2023 | 3/1/2024 - 12/31/2024 | 9,000 |
| Adam Elsesser, Chairman, Chief Executive Officer and President | Adoption | 11/29/2023 | 5/20/2024 - 12/31/2024 | 120,000 |
| Lambert Shiu, Chief Accounting Officer | Termination(1) | 11/7/2023 | 11/30/2023 - 5/10/2024 | 9,204 |
| Thomas Wilder, Director | Termination(2) | 11/8/2023 | 11/13/2023 - 8/30/2024 | 840 |
(1)As of the termination date of his Rule 10b5-1 Trading Arrangement, Mr. Shiu had not sold any shares of common stock
under the terms thereof.
(2)As of the termination date of his Rule 10b5-1 Trading Arrangement, Mr. Wilder had not sold any shares of common
stock under the terms thereof.
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