Form 4: Penguin Solutions Executive Settles Tax Obligation with Stock

Peter J. Manca, SVP and President of Advanced Computing at Penguin Solutions, Inc., disposed of 3,804 shares of common stock to satisfy tax withholding obligations related to restricted stock unit vesting.

Summary

• Peter J. Manca, SVP, President of Advanced Computing at Penguin Solutions, Inc. (PENG), engaged in a transaction on July 20, 2025.
• The transaction involved the disposition of 3,804 shares of Penguin Solutions, Inc. common stock.
• These shares were surrendered to the Issuer at a price of $24.43 per share.
• The purpose of this disposition was to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
• It was explicitly stated that no shares were sold in the open market.
• Following this transaction, Peter J. Manca beneficially owns 119,567 shares of common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary event for tax withholding purposes related to equity compensation. It does not reflect a discretionary sale by the insider and therefore has a neutral sentiment.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction related to equity compensation and tax obligations, which is common across all industries for publicly traded companies with executive stock plans. It does not provide specific insights into broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and not a market sale by the executive.
• Employees: No direct impact beyond the executive involved in the transaction.

Key Dates

Keywords

Penguin Solutions, PENG, Peter J. Manca, Form 4, Insider Transaction, Restricted Stock Units, Tax Withholding, Equity Compensation