Form 4: Penguin Solutions Director Sells Shares Under Pre-Arranged Plan

Penny Herscher, a Director at Penguin Solutions, Inc., sold 2,728 shares of common stock in two transactions in July 2025, pursuant to a pre-established Rule 10b5-1 trading plan.

Summary

• Penny Herscher, a Director of Penguin Solutions, Inc. (PENG), sold a total of 2,728 shares of the company's common stock.
• The sales occurred on July 15, 2025, and July 17, 2025.
• On July 15, 2025, 2,046 shares were sold at a weighted average price of $25.422 per share.
• On July 17, 2025, 682 shares were sold at a weighted average price of $25.0015 per share.
• These transactions were executed under a Rule 10b5-1 trading plan adopted by Ms. Herscher on November 7, 2024.
• Following these sales, Ms. Herscher directly owns 17,540 shares and indirectly owns 4,584 shares through the 2001 Herscher Family Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider sales can sometimes be perceived negatively, these transactions were conducted under a pre-arranged Rule 10b5-1 plan, which typically indicates a planned liquidity event rather than a bearish view on the company's immediate prospects.

Positives

• Transactions were conducted under a pre-established Rule 10b5-1 trading plan, indicating planned sales rather than a reaction to new, immediate information.

Negatives

• A director sold a total of 2,728 shares of common stock, reducing their direct holdings.

Future Outlook

NA

Management Comments

• The transactions were effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on November 7, 2024.
• The reporting person undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

Industry Context

This filing is a standard disclosure of insider stock transactions and does not provide broader industry context or trends.

Related Party Transactions

• 4,584 shares are indirectly held by the 2001 Herscher Family Trust, for which the reporting person and her spouse serve as co-trustees.

Stakeholder Impact

• Shareholders: The sale of shares by a director slightly reduces insider ownership, which could be viewed neutrally given the Rule 10b5-1 plan, or slightly negatively if interpreted as a lack of conviction, though the latter is less likely for planned sales.

Key Dates

Keywords

Penguin Solutions, PENG, SEC Form 4, Insider Trading, Stock Sale, Penny Herscher, Director, Rule 10b5-1 Plan, Equity Transaction