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

Penguin Solutions' SVP and Chief Legal Officer, Anne Kuykendall, sold 4,000 shares of common stock for approximately $20.80 per share.

Summary

• Anne Kuykendall, SVP and Chief Legal Officer of Penguin Solutions, Inc., reported a sale of common stock.
• The transaction involved the disposition of 4,000 shares of Penguin Solutions, Inc. common stock.
• The shares were sold at a weighted average price of $20.8008 per share.
• This sale was executed on February 25, 2026.
• The transaction was conducted pursuant to a Rule 10b5-1 Plan, which was adopted by Ms. Kuykendall on November 11, 2025.
• Following this transaction, Anne Kuykendall beneficially owns 135,352 shares of Penguin Solutions, Inc. common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is a routine insider transaction executed under a pre-established 10b5-1 plan, which typically minimizes its interpretative impact on company sentiment.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that insider sales, particularly those executed under a pre-arranged Rule 10b5-1 plan, are a common occurrence. These plans allow insiders to sell a predetermined number of shares at a predetermined time or price, helping them avoid accusations of trading on material non-public information. Such routine sales are generally not indicative of management's sentiment about the company's future prospects.

Key Dates

Keywords

Penguin Solutions, PENG, Insider Sale, Form 4, Anne Kuykendall, SVP, Chief Legal Officer, Stock Transaction, Rule 10b5-1 Plan