PENG affiliate files Form 144 to sell 5,000 shares

PENG affiliate submitted a Form 144 notice to sell 5,000 shares of Common Stock tied to Restricted Stock Units dated 04/20/2022.

Accepted by SEC EDGAR 04/16/2026 - 04:11 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

PENG affiliate submitted a Form 144 notice to sell 5,000 shares of Common Stock tied to Restricted Stock Units dated 04/20/2022. The notice lists recent 10b5-1 sales by the reporting person: 12,546 shares on 04/09/2026 for $282,882.74, 10,046 shares on 02/24/2026 for $201,597.10, and 1,346 shares on 02/10/2026 for $25,614.38. Trades were routed through Morgan Stanley Smith Barney LLC; the filing lists 50747508 on the cover and a filing date of 04/16/2026.

Key Figures

Shares proposed for sale: 5,000 shares April 9, 2026 sale: 12,546 shares February 24, 2026 sale: 10,046 shares +2 more

5 metrics

Shares proposed for sale 5,000 shares Securities to be sold tied to RSUs dated 04/20/2022

April 9, 2026 sale 12,546 shares 10b5-1 sale on 04/09/2026 for $282,882.74

February 24, 2026 sale 10,046 shares 10b5-1 sale on 02/24/2026 for $201,597.10

February 10, 2026 sale 1,346 shares 10b5-1 sale on 02/10/2026 for $25,614.38

Cover page figure 50,747,508 Number shown on the cover line adjacent to filing metadata dated 04/16/2026

Key Terms

Restricted Stock Units, 10b5-1 Sales, Form 144, Morgan Stanley Smith Barney LLC

4 terms

Restricted Stock Units financial

"Restricted Stock Units | Issuer | 5000 | 04/20/2022"

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.

10b5-1 Sales regulatory

"10b5-1 Sales for JOSEPH CLARK ... | Common | 04/09/2026 | 12546"

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.

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Morgan Stanley Smith Barney LLC other

"Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza"

FAQ

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

What does PENG's Form 144 report?

The filing reports a proposed sale of 5,000 Common shares tied to Restricted Stock Units dated 04/20/2022. It also lists recent 10b5-1 sales with dates, share counts, and gross proceeds.

Who executed the recent 10b5-1 sales shown in the PENG filing?

The recorded 10b5-1 sales were executed by the reporting person via Morgan Stanley Smith Barney LLC. Specific sale dates and proceeds are listed in the filing entries.

How many shares and proceeds are listed for the April 9, 2026 sale in the PENG filing?

The entry shows 12,546 shares sold on 04/09/2026 for gross proceeds of $282,882.74, as reported in the sale history section of the filing.

Are the securities to be sold tied to compensation for PENG?

Yes. The filing shows the securities to be sold are Restricted Stock Units (RSUs) issued on 04/20/2022, with 5,000 shares listed under the securities-to-be-sold section.

Which broker-dealer handled the proposed sale in the PENG Form 144?

The filing lists Morgan Stanley Smith Barney LLC at 1 New York Plaza as the broker-dealer associated with the recorded transactions and the securities-to-be-sold entry.

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	5000	132500.00	50747508	04/16/2026	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	04/20/2022	Restricted Stock Units	Issuer			5000	04/20/2022	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	04/09/2026	12546	282882.74
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	The securities to be sold were acquired upon the vesting of restricted stock units during the period of 4/20/2022 through 7/20/2025
Date of Notice	04/16/2026
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)