Penguin CEO surrenders 12,513 shares for taxes

Penguin Solutions, Inc. President and CEO Mark Adams reported a routine share withholding related to equity compensation.

Accepted by SEC EDGAR 01/21/2026 - 04:17 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Penguin Solutions, Inc. President and CEO Mark Adams reported a routine share withholding related to equity compensation. On 01/20/2026, 12,513 shares of common stock were surrendered to the company at $19.96 per share to cover tax withholding arising from the vesting of restricted stock units, and no shares were sold on the market. Following this transaction, Adams beneficially owned 963,183 shares directly and 29,640 shares indirectly through The Adams Family Trust.

Insider Trade Summary

Exercise Price or Tax Liability: 12,513 shares

Exercise Price or Tax Liability 1 txn

Insider Adams Mark

Role President and CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	12,513	$19.96	$250K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 963,183 shares (Direct); Common Stock — 29,640 shares (Indirect, The Adams Family Trust)

Footnotes (1)

1. F1. Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of restricted stock units. No shares were sold.

FAQ

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

What insider transaction did Penguin Solutions (PENG) report for Mark Adams?

Mark Adams, President and CEO of Penguin Solutions, Inc., reported the surrender of 12,513 shares of common stock on 01/20/2026 to cover tax withholding on vested restricted stock units.

Was there an open market sale in this Penguin Solutions (PENG) Form 4?

No. The footnote states the transaction reflects shares surrendered to the issuer to satisfy tax withholding obligations in connection with RSU vesting and that no shares were sold.

How many Penguin Solutions (PENG) shares does Mark Adams own after the transaction?

After the reported transaction, Mark Adams beneficially owned 963,183 common shares directly and 29,640 common shares indirectly through The Adams Family Trust.

What is Mark Adams’s role at Penguin Solutions (PENG)?

Mark Adams is reported as both a Director and an Officer of Penguin Solutions, Inc., serving as President and CEO.

How were the 12,513 Penguin Solutions (PENG) shares priced in the Form 4?

The 12,513 surrendered shares of Penguin Solutions common stock were valued at a price of $19.96 per share for the tax withholding transaction.

What is the nature of Mark Adams’s indirect ownership in Penguin Solutions (PENG)?

The Form 4 shows 29,640 common shares held indirectly with the nature of ownership listed as The Adams Family Trust.

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

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SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Adams Mark

(Last) (First) (Middle)

C/O PENGUIN SOLUTIONS, INC.

45800 NORTHPORT LOOP WEST

(Street)

FREMONT CA 94538

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/20/2026		F(1)		12,513	D	$19.96	963,183	D
Common Stock								29,640	I	The Adams Family Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of restricted stock units. No shares were sold.

Remarks:

	/s/ Anne Kuykendall as attorney-in-fact for Mark Adams	01/21/2026
	** 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 4 (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.