Penumbra Inc
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
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Item 9B. Other Information
Rule 10b5-1 Trading Plans
During the quarterly period ended December 31, 2024, certain of our directors and officers adopted trading plans, each of which is 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 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 by our officers and directors during the three months ended December 31, 2024, 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 |
|---|---|---|---|---|
| Arani Bose, Director | Adoption | 11/21/2024 | 3/3/2025 - 8/29/2025 | 48,000 |
| Adam Elsesser, Chairman, Chief Executive Officer and President | Adoption | 11/25/2024 | 3/5/2025 - 9/3/2025 | Indeterminable(1) |
| Don Kassing, Director | Adoption | 11/4/2024 | 4/1/2025 - 11/1/2025 | 498 |
| Bridget O'Rourke, Director | Adoption | 11/11/2024 | 3/3/2025 - 8/11/2025 | 250 |
| Johanna Roberts, Executive Vice President, General Counsel and Secretary | Adoption | 11/26/2024 | 3/3/2025 - 12/31/2025 | 9,000 |
| Lambert Shiu, Chief Accounting Officer | Adoption | 11/27/2024 | 3/3/2025 - 3/31/2025 | 7,789 |
| Thomas Wilder, Director | Adoption | 11/14/2024 | 3/31/2025 - 11/28/2025 | 720 |
| Maggie Yuen, Chief Financial Officer | Adoption | 11/29/2024 | 3/3/2025 - 11/7/2025 | 6,000 |
(1) The plan provides for the sale of (i) up to 45,000 shares of our common stock to be acquired upon the exercise of stock options, and (ii) an undetermined number of shares of common stock, pursuant to sell-to-cover transactions, necessary to satisfy the exercise price and tax withholding requirements upon the exercise of up to 405,000 stock options, with the specific number of shares to be sold being dependent on the market price of our common stock at the time of such transactions.
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