PENNY HERSCHER - 15 Jul 2025 Form 4 Insider Report for Penguin Solutions, Inc. (PENG)

Role
Director
Signature
/s/ Anne Kuykendall as attorney-in-fact for Penny Herscher
Issuer symbol
PENG
Transactions as of
15 Jul 2025
Net transactions value
-$69,064
Form type
4
Filing time
17 Jul 2025, 21:35:04 UTC
Previous filing
11 Feb 2025
Next filing
21 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
HERSCHER PENNY Director C/O PENGUIN SOLUTIONS, INC., 1390 MCCARTHY BOULEVARD, MILPITAS /s/ Anne Kuykendall as attorney-in-fact for Penny Herscher 17 Jul 2025 0001232019

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENG Common Stock Sale $52,013 -2,046 -10% $25.42 18,222 15 Jul 2025 Direct F1, F2
transaction PENG Common Stock Sale $17,051 -682 -3.7% $25.00 17,540 17 Jul 2025 Direct F1, F3
holding PENG Common Stock 4,584 15 Jul 2025 By Family Trust F4
* 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 November 7, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $25.35 to $25.50. 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 This transaction was executed in multiple trades at prices ranging from $25.00 to $25.01. 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.
F4 Shares held by the 2001 Herscher Family Trust U/A/D 6/14/2001, for which the reporting person and her spouse serve as co-trustees.