Narayan Shruthi 4

What Happened
Narayan Shruthi, President of Penumbra Inc. (PEN), had 117 shares withheld by the company on 2026-03-15 to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withheld shares were valued at $336.18 each, totaling approximately $39,333. This was a tax-withholding disposition (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-03-15; Filing date (Form 4): 2026-03-17.
• Price per share: $336.18; Shares withheld/disposed: 117; Total value ≈ $39,333.
• Shares owned after the transaction: not disclosed in the provided 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.
• Timeliness: Filed two days after the transaction (appears timely under Section 16 rules).

Context
This was a routine tax-withholding by the issuer upon RSU vesting (transaction code F). Such withholdings are common payroll/tax actions and do not signal an insider choosing to sell shares on the market. Because some of the award is still subject to vesting (per the filing), additional vesting-related transactions could occur in the future.