Form 4: Penguin Solutions Executive Stock Transaction Report

SVP and Chief Legal Officer Anne Kuykendall reported the sale of shares and tax-related withholding for Penguin Solutions.

Summary

• Anne Kuykendall, SVP and Chief Legal Officer of Penguin Solutions, Inc., reported two transactions involving common stock.
• On April 20, 2026, 3,062 shares were withheld by the company to satisfy tax obligations related to the vesting of restricted stock units.
• On April 22, 2026, 738 shares were sold at an average price of $27.92 per share.
• The sale was executed under a pre-established Rule 10b5-1 trading plan adopted on November 11, 2025.
• Following these transactions, the reporting person maintains a beneficial ownership of 128,794 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transactions are routine administrative actions and pre-planned sales.

Positives

• The reporting person continues to hold a significant position of 128,794 shares in the company.
• The sale was conducted via a pre-planned Rule 10b5-1 program, which typically indicates a non-discretionary, systematic approach to liquidity.

Negatives

• The filing reflects a reduction in the executive's direct equity stake in the company.

Risks

• Executive stock sales can sometimes be perceived by the market as a lack of confidence in future share price appreciation, though this specific sale was pre-planned.

Future Outlook

No specific forward-looking guidance regarding company performance was provided in this filing.

Industry Context

StockSavvy.ai notes that executive stock sales under Rule 10b5-1 plans are standard corporate practice and generally do not signal a change in company fundamentals or management sentiment.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is a standard governance practice among S&P 500 and technology sector executives to avoid potential insider trading concerns.
• Tax withholding upon RSU vesting is a standard administrative procedure for equity-based compensation.

Stakeholder Impact

• Minimal impact on shareholders as the sale was pre-planned and represents a small portion of the executive's total holdings.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Penguin Solutions, PENG, Insider Trading, Form 4, Stock Sale, Rule 10b5-1