Jack A. Pacheco - 20 Jul 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
Issuer symbol
PENG
Transactions as of
20 Jul 2025
Transactions value $
-$950,125
Form type
4
Filing time
22 Jul 2025, 16:27:55 UTC
Previous filing
22 Apr 2025
Next filing
16 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Pacheco Jack A EVP, COO, Pres, Integrated Mem C/O PENGUIN SOLUTIONS, INC., 1390 MCCARTHY BOULEVARD, MILPITAS /s/ Anne Kuykendall as attorney-in-fact for Jack A. Pacheco 22 Jul 2025 0001344018

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENG Common Stock Tax liability -$52.7K -2.16K -0.94% $24.43 227K 20 Jul 2025 Direct F1
transaction PENG Common Stock Options Exercise $31.7K +3.45K +1.52% $9.20 231K 21 Jul 2025 Direct
transaction PENG Common Stock Sale -$85.6K -3.45K -1.49% $24.84 227K 21 Jul 2025 Direct F2, F3
transaction PENG Common Stock Options Exercise $647K +60K +26.4% $10.78 287K 21 Jul 2025 Direct
transaction PENG Common Stock Sale -$1.49M -60K -20.89% $24.83 227K 21 Jul 2025 Direct F2, F4

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 -3.45K -100% $0.00 0 21 Jul 2025 Common Stock 3.45K $9.20 Direct F5
transaction PENG Employee Stock Option (right to buy) Options Exercise $0 -60K -100% $0.00 0 21 Jul 2025 Common Stock 60K $10.78 Direct F5
* 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 Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of restricted stock units. No shares were sold.
F2 This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on April 21, 2025.
F3 This transaction was executed in multiple trades at prices ranging from $24.33 to $25.14. 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 This transaction was executed in multiple trades at prices ranging from $24.25 to $25.13. 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.
F5 This option is fully vested and exercisable.