Adam Elsesser, CEO and President at Penumbra Inc (PEN), sold 18,426 shares at $294.47 ($5.5M) on 2023-09-11, disclosed to the SEC on 2023-09-13.
Seasonal sale ($5.5M) by CEO and President — this insider has traded PEN in September in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $294.47 | 800 | $236K | 4.3% |
| 2 | $294.47 | 800 | $236K | 4.3% |
| 3 | $295.56 | 800 | $236K | 4.3% |
| 4 | $296.54 | 961 | $285K | 5.2% |
| 5 | $296.54 | 961 | $285K | 5.2% |
| 6 | $297.30 | 735 |
| $219K |
| 4.0% |
| 7 | $297.30 | 735 | $219K | 4.0% |
| 8 | $298.45 | 581 | $173K | 3.1% |
| 9 | $298.45 | 581 | $173K | 3.1% |
| 10 | $299.48 | 2,023 | $606K | 11.0% |
| 11 | $299.48 | 2,023 | $606K | 11.0% |
| 12 | $300.45 | 2,207 | $663K | 12.0% |
| 13 | $300.45 | 2,207 | $663K | 12.0% |
| 14 | $301.42 | 1,453 | $438K | 8.0% |
| 15 | $301.42 | 1,453 | $438K | 8.0% |
| 16 | $301.91 | 106 | $32K | 0.6% |
| Total | $298.88 avg | 18,426 | $5.5M | 100% |
| Filing → |
| PEN | SELL | 2025-08-08 | $7.6M | — | Filing → |
| PEN | SELL | 2025-07-25 | $6.6M | — | Filing → |
| PEN | SELL | 2025-07-11 | $7.4M | — | Filing → |