SCHEDULE: State Street Discloses 5.5% Stake in Penguin Solutions

State Street Corporation has reported a 5.5% beneficial ownership stake in Penguin Solutions Inc. common stock as of an event date of September 30, 2025.

Summary

• State Street Corporation, a Massachusetts-based parent holding company, has filed a Schedule 13G with the SEC.
• The filing discloses beneficial ownership of 2,866,133 shares of common stock in Penguin Solutions Inc. (CUSIP: 706915105).
• This ownership represents 5.5% of the total class of securities.
• The event requiring this filing occurred on September 30, 2025.
• State Street Corporation holds shared voting power over 2,725,822 shares and shared dispositive power over all 2,866,133 shares.
• The shares are certified as acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of Penguin Solutions Inc.
• Several subsidiaries, including SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, State Street Global Advisors Limited, State Street Global Advisors Trust Company, and State Street Global Advisors, Ltd., are identified as having acquired the securities.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and is generally neutral in sentiment. It indicates a significant institutional investment but does not provide positive or negative operational or financial news about the issuer.

Future Outlook

The filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Penguin Solutions Inc. or State Street Corporation's future investment intentions beyond the certification that the shares are held in the ordinary course of business.

Management Comments

• Elizabeth Schaefer, Senior Vice President, Chief Accounting Officer of State Street Corporation, certified that 'the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.'

Industry Context

This Schedule 13G filing indicates a significant institutional investment by State Street Corporation, a major financial services and asset management company, in Penguin Solutions Inc. Such filings are standard disclosures when an entity acquires more than 5% of a company's voting class of securities, signaling a passive investment rather than an activist stake.

Stakeholder Impact

• Shareholders of Penguin Solutions Inc. gain transparency regarding a significant institutional investor's stake, which can sometimes be viewed positively as a vote of confidence, though this filing explicitly states a passive investment.
• The disclosure confirms that State Street Corporation's investment is for ordinary course business purposes and not intended to influence control, which may reassure existing management and board.

Key Dates

Keywords

Penguin Solutions Inc., State Street Corporation, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment