SCHEDULE: FMR LLC & Abigail Johnson Boost Penguin Solutions Stake to 10.7%

Sentiment:

Beneficial Ownership Disclosure 8 January 2026 9:08 AM

FMR LLC and its Chairman and CEO, Abigail P. Johnson, have disclosed a combined beneficial ownership of 10.7% in Penguin Solutions Inc. common stock as of December 31, 2025.

Summary

FMR LLC and Abigail P. Johnson collectively beneficially own 5,624,618.92 shares of Penguin Solutions Inc. common stock.
This represents 10.7% of the total outstanding common stock of Penguin Solutions Inc.
The ownership snapshot date for this disclosure is December 31, 2025.
FMR LLC holds sole voting power over 5,618,169.46 shares and sole dispositive power over 5,624,618.92 shares.
Abigail P. Johnson holds sole dispositive power over 5,624,618.92 shares, reflecting her indirect interest through FMR LLC.
Fidelity Small Cap Value Fund, an entity associated with FMR LLC, holds 3,160,000.00 shares, representing 6.0% of the outstanding common stock.
The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Penguin Solutions Inc.

Sentiment

Score: 7

Explanation: The filing indicates a significant and passive institutional investment by FMR LLC and its affiliates, which is generally viewed positively as a vote of confidence in the company. The ownership is substantial (10.7%) and explicitly stated not to be for control purposes, suggesting a long-term investment perspective.

Positives

Increased institutional ownership by a major financial institution like FMR LLC can signal confidence in Penguin Solutions Inc.'s long-term prospects.
The significant stake of 10.7% by FMR LLC and its affiliates suggests a strong conviction in the company's value.
The disclosure that the shares are held in the ordinary course of business and not for control purposes indicates a passive, investment-oriented stake.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Penguin Solutions Inc.'s future performance or operations.

Management Comments

The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This Schedule 13G filing indicates a significant passive investment by a major institutional asset manager, FMR LLC (Fidelity), in Penguin Solutions Inc. Such filings are routine disclosures required when an entity acquires more than 5% of a company's outstanding shares. The substantial stake held by FMR LLC, a prominent player in the investment management industry, can be viewed by the market as a vote of confidence in Penguin Solutions Inc., potentially attracting further investor interest.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Internal Governance Disclosure	Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC, representing 49% of its voting power. They have a shareholders' voting agreement to vote Series B shares in accordance with the majority vote, forming a controlling group with respect to FMR LLC under the Investment Company Act of 1940.	NA	This describes the internal governance structure of FMR LLC, the reporting entity, and clarifies how control is exercised within FMR LLC, which indirectly impacts its investment decisions. It does not describe changes to Penguin Solutions Inc.'s corporate governance.

Stakeholder Impact

Shareholders: Increased institutional ownership by a reputable firm like FMR LLC may enhance investor confidence and potentially lead to increased trading liquidity and share price stability.
Management: The significant stake could lead to increased scrutiny or engagement from a large institutional investor, though the filing states the ownership is not for control purposes.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC.
2023-01-10	Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference.
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson.
2023-01-31	Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number: -23-000038) was incorporated by reference.
2025-12-31	Date of event which requires filing of this statement (ownership snapshot date).
2026-01-07	Date of signing of the Schedule 13G agreement.

Recommendation

hold

This Schedule 13G filing primarily discloses a significant beneficial ownership stake by FMR LLC and Abigail P. Johnson in Penguin Solutions Inc. While the 10.7% stake by a prominent institutional investor is a positive signal, indicating confidence in the company, the filing itself does not provide sufficient financial or operational details to warrant a 'buy' or 'sell' recommendation. It suggests a 'hold' as it confirms institutional interest without offering new fundamental data for a change in investment thesis.

Keywords

Penguin Solutions Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Fidelity Small Cap Value Fund, Equity Stake, SEC Filing

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