Jack A. Pacheco - Mar 24, 2025 Form 4 Insider Report for Penguin Solutions, Inc. (PENG)

Role
EVP, COO, Pres, Integrated Mem
Signature
/s/ Anne Kuykendall as attorney-in-fact for Jack A. Pacheco
Stock symbol
PENG
Transactions as of
Mar 24, 2025
Transactions value $
-$34,788
Form type
4
Date filed
3/26/2025, 04:04 PM
Previous filing
Feb 21, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENG Ordinary Shares Options Exercise $29.6K +3.22K +1.39% $9.20 235K Mar 24, 2025 Direct
transaction PENG Ordinary Shares Sale -$64.4K -3.22K -1.37% $20.00 232K Mar 24, 2025 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PENG Employee Stock Option (right to buy) Options Exercise $0 -3.22K -48.29% $0.00 3.45K Mar 24, 2025 Ordinary Shares 3.22K $9.20 Direct F3
* 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 April 26, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $20.00 to $20.02. 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.
F3 The option vested and became exercisable as to 25% on March 12, 2021, and the remaining shares vested monthly and became exercisable over three years beginning March 12, 2021.