PENG Form 144 shows 10,046 and 1,346 10b5-1 sales

Morgan Stanley Smith Barney LLC submitted a Form 144 notice tied to proposed sales of Common shares by an affiliate under 10b5-1 plans.

Accepted by SEC EDGAR 04/09/2026 - 04:22 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice tied to proposed sales of Common shares by an affiliate under 10b5-1 plans. The excerpt lists two recent 10b5-1 sales: 10,046 shares on 02/24/2026 for $201,597.10 and 1,346 shares on 02/10/2026 for $25,614.38. The filing also shows RSUs of 2,500 shares granted 07/20/2023 and PSUs of 10,046 shares granted 10/14/2025.

Key Figures

10b5-1 sale (02/24/2026): 10,046 shares Proceeds (02/24/2026): $201,597.10 10b5-1 sale (02/10/2026): 1,346 shares +3 more

6 metrics

10b5-1 sale (02/24/2026) 10,046 shares sale date 02/24/2026

Proceeds (02/24/2026) $201,597.10 gross proceeds reported for 10,046 shares

10b5-1 sale (02/10/2026) 1,346 shares sale date 02/10/2026

Proceeds (02/10/2026) $25,614.38 gross proceeds reported for 1,346 shares

Restricted Stock Units 2,500 shares grant date 07/20/2023

Performance Stock Units 10,046 shares grant date 10/14/2025

Key Terms

10b5-1, Restricted Stock Units, Performance Stock Units

3 terms

10b5-1 regulatory

"10b5-1 Sales for JOSEPH CLARK"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Restricted Stock Units financial

"Restricted Stock Units | Issuer | 2500 | 07/20/2023"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Performance Stock Units financial

"Performance Stock Units | Issuer | 10046 | 10/14/2025"

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.

FAQ

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

What does PENG's Form 144 disclose about recent sales?

The Form 144 discloses two 10b5-1 sales totaling 11,392 shares reported across two dates. It lists 10,046 shares sold on 02/24/2026 for $201,597.10 and 1,346 shares sold on 02/10/2026 for $25,614.38.

Which equity awards are listed in the PENG filing?

The filing lists awarded equity positions: 2,500 Restricted Stock Units granted on 07/20/2023 and 10,046 Performance Stock Units granted on 10/14/2025. These entries appear under the securities-to-be-sold and awards sections.

Were the sales reported as 10b5-1 transactions for PENG?

Yes. Both sales in the excerpt are labeled as 10b5-1 Sales. The entries identify the sales as executed under such plans with respective dates and gross proceeds of $201,597.10 and $25,614.38.

Who is the broker or intermediary named in the filing for PENG?

The filing names Morgan Stanley Smith Barney LLC at 1 New York Plaza as the broker/affiliated intermediary. That firm is listed in the securities-to-be-sold section associated with the reported transactions.

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	12546	277517.52	50747508	04/09/2026	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	07/20/2023	Restricted Stock Units	Issuer			2500	07/20/2023	N/A
Common	10/14/2025	Performance Stock Units	Issuer			10046	10/14/2025	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	02/24/2026	10046	201597.10
10b5-1 Sales for JOSEPH CLARK 45800 Northport Loop West Fremont CA 94538	Common	02/10/2026	1346	25614.38

144: Remarks and Signature

Remarks
Date of Notice	04/09/2026
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)