Penguin Solutions officer proposes $300K share sale

The notice lists 60,241,423 common shares outstanding alongside the proposed sale.

Available on EDGAR 11/02/2026 - 04:40 PM EST Accepted by SEC EDGAR 11/02/2026 - 04:39 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Penguin Solutions, Inc. officer Joseph Clark reported a proposed sale of 5,773 common shares, with an aggregate market value of $299,791.89 and an approximate sale date of November 2, 2026. The shares are listed as acquired from the issuer through Performance Stock Units on September 25, 2026. The past-three-months sales section lists a sale of 869 common shares on October 23, 2026, for $44,770.88 under the heading “10b5-1 Sales for Joseph Clark.”

Key Figures

Common shares listed for sale: 5,773 shares Aggregate market value: $299,791.89 Common shares sold: 869 shares +2 more

5 metrics

Common shares listed for sale 5,773 shares Approximate sale date: November 2, 2026

Aggregate market value $299,791.89 Proposed-sale table

Common shares sold 869 shares October 23, 2026

Aggregate market value $44,770.88 Sale on October 23, 2026

Common shares outstanding 60,241,423 shares Proposed-sale table

Key Terms

Performance Stock Units, 10b5-1 Sales, Aggregate market value

3 terms

Performance Stock Units financial

"Performance Stock Units"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

10b5-1 Sales regulatory

"10b5-1 Sales for JOSEPH CLARK"

10b5-1 sales are pre-arranged stock-trading plans that let company insiders automatically buy or sell shares according to a fixed schedule or formula, even if they later learn confidential information. Think of it as setting up an automatic thermostat for trades: it creates a clear, documented path that can protect insiders from insider-trading accusations and gives investors a signal about predictable insider activity—though it can also simply be a way for insiders to diversify or raise cash.

Aggregate market value financial

"Aggregate market value"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many PENG shares did Joseph Clark propose to sell?

Joseph Clark's notice lists 5,773 common shares for sale, with an aggregate market value of $299,791.89 and an approximate sale date of November 2, 2026. Morgan Stanley Smith Barney LLC is listed as the broker.

What prior PENG share sale did Joseph Clark report?

The past-three-months section lists 869 common shares sold on October 23, 2026, for $44,770.88, under the heading “10b5-1 Sales for Joseph Clark.”

How did Joseph Clark acquire the PENG shares listed for sale?

The 5,773 shares are listed as acquired from the issuer through Performance Stock Units on September 25, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001944970
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	PENGUIN SOLUTIONS, INC.
SEC File Number	001-38102
Address of Issuer	45800 Northport Loop West Fremont CALIFORNIA 94538
Phone	5106231231
Name of Person for Whose Account the Securities are To Be Sold	JOSEPH CLARK
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	5773	299791.89	60241423	11/02/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/25/2026	Performance Stock Units	Issuer			5773	09/25/2026	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for JOSEPH CLARK 45800 Northport Loop West Fremont CA 94538	Common	10/23/2026	869	44770.88

144: Remarks and Signature

Remarks
Date of Notice	11/02/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	11/11/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Joseph Clark
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)