SCHEDULE: Crosslink Capital Amends Penguin Solutions Stake

Crosslink Capital, Inc. and Michael J. Stark have filed an amended Schedule 13G, disclosing a 3.5% beneficial ownership stake in Penguin Solutions, Inc. as of September 30, 2025.

Summary

• Crosslink Capital, Inc. and Michael J. Stark, its control person, reported beneficial ownership of 1,848,074 shares of Penguin Solutions, Inc. common stock.
• This ownership represents 3.5% of Penguin Solutions, Inc.'s total outstanding common stock.
• The percentage is calculated based on 52,738,000 shares of common stock outstanding as of August 29, 2025, as reported in the Issuer's Annual Report on Form 10-K.
• Both reporting persons share voting and dispositive power over all 1,848,074 beneficially owned shares.
• The filing is an Amendment No. 1 to a previously filed Schedule 13G.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Penguin Solutions, Inc.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership, indicating a routine adjustment or reporting requirement. It does not contain positive or negative operational news.

Future Outlook

NA

Industry Context

This filing reflects a routine disclosure of institutional ownership changes, common among investment advisers managing portfolios. It does not provide specific insights into broader industry trends for Penguin Solutions, Inc. beyond the investment decision of Crosslink Capital.

Stakeholder Impact

• Shareholders: Provides transparency regarding institutional ownership changes, which can influence market perception and liquidity.

Key Dates

Keywords

Penguin Solutions Inc, Crosslink Capital, Michael J Stark, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Investment Adviser, Shareholder Disclosure