Form 4: Penguin Solutions SVP Sells Shares Under 10b5-1 Plan

Joseph Gates Clark, SVP at Penguin Solutions, sold 1,346 shares of common stock for $19.03 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Joseph Gates Clark, SVP and President of Optimized LED at Penguin Solutions, Inc. (PENG), reported a sale of company common stock.
• On February 10, 2026, Clark disposed of 1,346 shares of common stock at a price of $19.03 per share.
• The transaction was executed pursuant to a Rule 10b5-1 trading plan established by Clark on November 11, 2025.
• Following this transaction, Clark beneficially owns 122,318 shares of Penguin Solutions, Inc. common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is a routine insider transaction under a pre-arranged 10b5-1 plan, which typically does not signal a change in company fundamentals or management's outlook.

Future Outlook

No specific future outlook or guidance is provided in this filing.

Industry Context

StockSavvy.ai notes that insider transactions, especially those executed under a Rule 10b5-1 plan, are common occurrences for executives managing personal finances and diversifying portfolios. These pre-scheduled sales are generally less indicative of management's view on the company's immediate prospects compared to unscheduled open market transactions.

Related Party Transactions

• The sale of common stock by Joseph Gates Clark, an SVP and President of Optimized LED, is a related party transaction as it involves an insider of Penguin Solutions, Inc.

Stakeholder Impact

• Shareholders: The sale of a relatively small number of shares by an executive under a 10b5-1 plan is unlikely to have a significant direct impact on the company's stock price or long-term value. It represents a routine personal financial management activity.

Key Dates

Keywords

Penguin Solutions, PENG, Form 4, Insider Trading, Stock Sale, Joseph Gates Clark, 10b5-1 Plan, Executive Compensation, Common Stock