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Penumbra Inc (NASDAQ:NYSE:PEN) CEO and President Adam Elsesser sold a total of 15,150 shares of common stock on July 23, 2025, for approximately $3.7 million. The sales were executed in multiple transactions with prices ranging from $232.11 to $233.86, with the stock currently trading near $233, approximately 25% below its 52-week high of $310.
According to a Form 4 filing with the Securities and Exchange Commission, the sales were conducted under a pre-arranged Rule 10b5-1 trading plan. This plan was established in connection with the expiration of certain stock options held by Elsesser and related sales of shares to cover the exercise price and tax obligations. InvestingPro analysis shows Penumbra maintains strong financial health with a "GREAT" overall score, supported by robust liquidity metrics.
On the same day, Elsesser also exercised options to acquire 27,976 shares of Penumbra common stock at a price of $30 per share, for a total value of $839280.
Following these transactions, Elsesser directly owns 146,258 shares of Penumbra Inc. He also indirectly owns 577,582 shares through the Siegel/Elsesser Revocable Trust.
In other recent news, Penumbra is generating attention as Piper Sandler analyst Matt O’Brien commented on the potential early regulatory approval of the company’s Thunderbolt product. O’Brien’s insights, based on industry checks, suggest that the approval could occur sooner than initially expected, possibly within the next few weeks. This development has led to increased optimism among investors. The anticipated approval would represent a significant advancement from the previously expected data release scheduled for July and the general consensus of a third-quarter approval. O’Brien also noted that Penumbra’s sales force is preparing for product demonstrations, further indicating the likelihood of an imminent approval. These recent developments are contributing to heightened interest in Penumbra’s prospects.
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