Director David Heard files initial Form 3 for Penguin Solutions (PENG) insider status

Rhea-AI Filing Summary

Penguin Solutions, Inc. director David W. Heard has filed an initial statement of beneficial ownership on Form 3. The filing identifies him as a director and, in this excerpt, shows no reported transactions or derivative positions, indicating this is an administrative onboarding disclosure of his insider status.

Key Terms

Form 3, reporting persons, ten percent owner

3 terms

Form 3 regulatory

"INSIDER FILING DATA (Form 3)"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

reporting persons regulatory

""reportingPersons": [ { "name": "HEARD DAVID W""

ten percent owner financial

""is_ten_percent_owner": 0"

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

HEARD DAVID W

(Last) (First) (Middle)

C/O PENGUIN SOLUTIONS, INC.

45800 NORTHPORT LOOP WEST

(Street)

FREMONT CALIFORNIA 94538

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/18/2026

3. Issuer Name and Ticker or Trading Symbol
Penguin Solutions, Inc. [ PENG ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24.1 - Power of Attorney

No securities are beneficially owned.

	/s/ Anne Kuykendall as attorney-in-fact for David W. Heard	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Penguin Solutions (PENG) Form 3 filing for David W. Heard show?

The Form 3 identifies David W. Heard as a director of Penguin Solutions, Inc. It is an initial statement of beneficial ownership and, in this excerpt, lists no buying, selling, or derivative transactions, reflecting a routine insider registration step.

Did David W. Heard buy or sell Penguin Solutions (PENG) shares in this Form 3?

No transactions are reported for David W. Heard in this Form 3 excerpt. The transaction summary shows zero buys, zero sells, and zero derivative exercises, indicating the filing is purely an initial beneficial ownership report without trading activity disclosed here.

What is David W. Heard’s role at Penguin Solutions (PENG) according to the Form 3?

The Form 3 lists David W. Heard as a director of Penguin Solutions, Inc. He is not flagged as an officer or a ten percent owner in the provided data, so the filing primarily formalizes his status as a board-level insider for regulatory purposes.

Does the Penguin Solutions (PENG) Form 3 for David W. Heard include derivative securities?

The derivative section for David W. Heard is empty in this excerpt. The filing’s derivative summary shows no derivative transactions and no remaining derivative positions, suggesting no options, warrants, or similar instruments are disclosed here for this reporting person.

Is David W. Heard reported as a ten percent owner of Penguin Solutions (PENG)?

No. The Form 3 data flags David W. Heard as a director but not as a ten percent owner. This means he is treated as an insider due to his board role, rather than because he holds at least ten percent of Penguin Solutions’ equity.