Form 4: Penguin Solutions CEO Mark Adams Reports Tax-Related Stock Transaction

Penguin Solutions, Inc. President and CEO Mark Adams reported a disposition of 11,419 common shares to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Mark Adams, President and CEO, and a Director of Penguin Solutions, Inc. (PENG), reported a transaction on October 20, 2025.
• The transaction involved the disposition of 11,419 shares of Common Stock.
• These shares were surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
• The price per share for the tax withholding was $21.74.
• No shares were sold in the open market.
• Following this transaction, Mark Adams directly beneficially owns 975,696 shares of Common Stock.
• Additionally, 29,640 shares are indirectly beneficially owned through The Adams Family Trust.

Sentiment

Score: 5

Explanation: The filing reports a routine tax-related disposition of shares by an insider, which is a common occurrence upon restricted stock unit vesting and does not indicate a change in company fundamentals or insider sentiment.

Future Outlook

The filing is a historical report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of restricted stock units. No shares were sold.

Industry Context

This specific insider transaction is a routine administrative event related to executive compensation and tax obligations, and it does not provide broader insights into industry trends or competitive landscape.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine tax-related transaction and not a market sale, therefore it does not reflect a change in insider sentiment or company fundamentals.

Key Dates

Recommendation

The Form 4 filing details a routine disposition of shares by the CEO to cover tax obligations upon the vesting of restricted stock units. This is a standard administrative event and does not reflect a change in the company's operational performance, strategic direction, or the insider's long-term view of the company. Therefore, it provides no new information that would warrant a change in investment recommendation.

Keywords

Penguin Solutions, PENG, Mark Adams, Form 4, Insider Transaction, Stock Vesting, Tax Withholding, CEO, Director