Form 4: Penguin Solutions CLO Tax-Related Stock Disposal

Anne Kuykendall, SVP and Chief Legal Officer of Penguin Solutions, Inc., reported the disposal of 3,379 shares of common stock to satisfy tax withholding obligations upon restricted stock unit vesting.

Summary

• Anne Kuykendall, SVP and Chief Legal Officer of Penguin Solutions, Inc. (PENG), reported a transaction involving company common stock.
• On January 20, 2026, 3,379 shares of common stock were disposed of at a price of $19.96 per share.
• This disposal was a 'tax withholding' transaction (Code F), meaning shares were surrendered to the issuer to cover tax obligations related to the vesting of restricted stock units.
• No shares were actually sold by Ms. Kuykendall in the open market.
• Following this transaction, Ms. Kuykendall beneficially owns 139,352 shares of Penguin Solutions, Inc. common stock directly.

Sentiment

Score: 6

Explanation: The filing reports a routine tax-related transaction for an insider's equity compensation, indicating RSU vesting. This is a neutral event, slightly positive as it confirms compensation vesting, but not a direct indicator of company performance or strategic shift.

Positives

• The transaction indicates the vesting of restricted stock units (RSUs), which is a form of equity compensation for the SVP and Chief Legal Officer, Anne Kuykendall.
• The disposal was solely for tax withholding purposes, not an open market sale, suggesting continued confidence in the company by the insider.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

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 Form 4 filing is a standard disclosure of an insider transaction, common across all publicly traded companies when executives receive equity compensation that vests and requires tax settlement. It does not provide information related to broader industry trends or competitors.

Comparison to Industry Standards

• This is a routine insider transaction for tax withholding related to RSU vesting, which is a common practice for executive compensation across various industries. There are no specific comparable companies, projects, or results to detail here as it's a compliance filing for an individual's compensation event.

Related Party Transactions

• The transaction involves an executive (Anne Kuykendall) and the company (Penguin Solutions, Inc.) for the purpose of settling tax obligations related to equity compensation, which is a standard related party dealing in this context.

Stakeholder Impact

• Shareholders: Minimal direct impact. The disposal of shares for tax purposes is a routine event and does not reflect a change in the company's operational or financial performance.
• Management: Anne Kuykendall's equity compensation has vested, and taxes have been settled.

Key Dates

Keywords

Penguin Solutions, PENG, Form 4, Insider Transaction, Anne Kuykendall, Restricted Stock Units, Tax Withholding, Equity Compensation, Common Stock