Form 4: Penguin Solutions Director Mark Papermaster Reports Share Transactions

Director Mark Papermaster reports acquisition and disposal of Penguin Solutions, Inc. shares.

Summary

• On February 7, 2025, Mark Papermaster, a director of Penguin Solutions, Inc., reported a transaction involving the company's ordinary shares.
• Papermaster acquired 8,397 shares and disposed of 24,782 shares.
• Following these transactions, Papermaster beneficially owns 24,782 ordinary shares.
• The acquisition of 8,397 shares was related to a restricted share unit award that vests on the earlier of February 7, 2026, or the date of the annual general meeting of shareholders at which the reporting person's term expires, subject to continued service.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing share transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The restricted share unit award is scheduled to vest in full on the earlier of February 7, 2026 or the date of the annual general meeting of shareholders at which the reporting person's term expires, subject to the reporting person's continued service through the vesting date.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a company director.

Key Dates