Form 4: Penguin Solutions EVP Jack A. Pacheco Reports Stock Option Exercise and Share Sale
SEC Form 4 Filing
Jack A. Pacheco, EVP, COO, and President of Integrated Memory at Penguin Solutions, exercised stock options and sold shares on March 24, 2025, according to a Form 4 filing.
Summary
- On March 24, 2025, Jack A. Pacheco, an executive at Penguin Solutions, exercised stock options to acquire 3,219 ordinary shares at a price of $9.195 per share.
- On the same day, Pacheco sold 3,219 ordinary shares at a weighted average price of $20.002 per share, with prices ranging from $20.00 to $20.02.
- These transactions were executed under a pre-established Rule 10b5-1 trading plan adopted on April 26, 2024.
- Following these transactions, Pacheco directly owns 231,548 ordinary shares and holds options for 3,447 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of insider trading activity. There's no indication of positive or negative sentiment towards the company's performance.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives who receive stock options as part of their compensation. The Rule 10b5-1 plan allows insiders to trade company stock without being accused of acting on non-public information.
Key Dates
| Date | Description |
|---|---|
| 03/12/2021 | 25% of the employee stock options vested |
| 04/26/2024 | Date of adoption of Rule 10b5-1 Plan |
| 03/24/2025 | Date of stock option exercise and share sale |
| 03/26/2025 | Date of signature on the Form 4 filing |
| 03/12/2030 | Expiration date of the employee stock options |
Keywords
Form 4, insider trading, stock options, share sale, Penguin Solutions, Pacheco, PENG
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