Joseph Gates Clark - 23 Jan 2025 Form 4 Insider Report for Penguin Solutions, Inc. (PENG)

Signature
/s/ Anne Kuykendall as attorney-in-fact for Joseph Gates Clark
Issuer symbol
PENG
Transactions as of
23 Jan 2025
Net transactions value
-$44,615
Form type
4
Filing time
27 Jan 2025, 19:31:07 UTC
Previous filing
22 Jan 2025
Next filing
22 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENG Ordinary Shares Sale $44,615 -2,131 -2.3% $20.94 89,469 23 Jan 2025 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on August 15, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $20.65 to $21.07. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.