Penguin Solutions (PENG) legal chief sells 4,000 shares under Rule 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Penguin Solutions, Inc. senior vice president and chief legal officer Anne Kuykendall reported selling a total of 4,000 shares of common stock in open‑market transactions on May 26, 2026. The sales were executed at weighted average prices in ranges from about $52.32 to $55.44 per share under a previously established Rule 10b5‑1 trading plan, indicating the trades were pre‑scheduled rather than discretionary. She continues to hold a substantial direct equity position after these transactions.

Insights

Pre-planned 4,000-share sale by legal officer looks routine.

SVP and chief legal officer Anne Kuykendall sold 4,000 shares of Penguin Solutions, Inc. common stock in three open‑market transactions on May 26, 2026. Sale prices ranged from roughly $52.32 to $55.44 per share.

A footnote states the trades were effected under a previously established Rule 10b5‑1 Plan adopted on November 11, 2025, suggesting these were pre‑scheduled for diversification or liquidity rather than opportunistic timing. No derivative positions are listed as remaining in this filing.

Given the modest scale and pre‑planned nature, this activity typically carries limited informational value about management’s view of the stock. Subsequent company filings may provide additional context on overall insider ownership trends, but this individual Form 4 appears administratively routine.

Insider Trade Summary 10b5-1

Net Seller: 4,000 shares ($217,794)

Net Sell 3 txns

Insider Kuykendall Anne

Role SVP and Chief Legal Officer

Sold 4,000 shs ($218K)

Type	Security	Shares	Price	Value
Sale	Common Stock	300	$52.5767	$16K
Sale	Common Stock	1,600	$54.105	$87K
Sale	Common Stock	2,100	$54.9775	$115K

Holdings After Transaction: Common Stock — 128,494 shares (Direct, null)

Footnotes (1)

This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on November 11, 2025. This transaction was executed in multiple trades at prices ranging from $52.32 to $52.76. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $53.55 to $54.51. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $54.57 to $55.44. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

Key Figures

Shares sold: 4,000 shares First trade size: 2,100 shares First trade price: $54.9775 per share +4 more

7 metrics

Shares sold 4,000 shares Total common stock sold in open-market transactions on May 26, 2026

First trade size 2,100 shares Open-market sale of common stock on May 26, 2026

First trade price $54.9775 per share Weighted average sale price for 2,100-share transaction

Second trade size 1,600 shares Open-market sale of common stock on May 26, 2026

Second trade price $54.1050 per share Weighted average sale price for 1,600-share transaction

Third trade size 300 shares Open-market sale of common stock on May 26, 2026

Third trade price $52.5767 per share Weighted average sale price for 300-share transaction

Key Terms

Rule 10b5-1 Plan, weighted average sale price, open-market sale, Common Stock, +1 more

5 terms

Rule 10b5-1 Plan regulatory

"This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

weighted average sale price financial

"The price reported above reflects the weighted average sale price"

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/28/2026 - 04:07 PM

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^*

Kuykendall Anne

(Last)

(First)

(Middle)

C/O PENGUIN SOLUTIONS, INC.

45800 NORTHPORT LOOP WEST

(Street)

FREMONT

CALIFORNIA

94538

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP and Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/26/2026		S⁽¹⁾		300	D	$52.5767⁽²⁾	128,494	D
Common Stock	05/26/2026		S⁽¹⁾		1,600	D	$54.105⁽³⁾	126,894	D
Common Stock	05/26/2026		S⁽¹⁾		2,100	D	$54.9775⁽⁴⁾	124,794	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on November 11, 2025.

2. This transaction was executed in multiple trades at prices ranging from $52.32 to $52.76. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

3. This transaction was executed in multiple trades at prices ranging from $53.55 to $54.51. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

4. This transaction was executed in multiple trades at prices ranging from $54.57 to $55.44. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

	/s/ Anne Kuykendall	05/28/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Penguin Solutions (PENG) report for Anne Kuykendall?

Penguin Solutions reported that SVP and chief legal officer Anne Kuykendall sold 4,000 shares of common stock. The sales occurred on May 26, 2026, through three open-market transactions disclosed on a Form 4 insider filing.

At what prices did Anne Kuykendall sell Penguin Solutions (PENG) shares?

Anne Kuykendall’s Form 4 shows sales at weighted average prices tied to ranges from about $52.32 to $55.44 per share. Each line item reflects an average sale price for multiple trades executed within its disclosed price range.

Was the Penguin Solutions (PENG) insider sale under a Rule 10b5-1 plan?

Yes. A footnote states the transactions were effected under a previously established Rule 10b5-1 Plan adopted by Anne Kuykendall on November 11, 2025. Such pre-arranged plans typically schedule trades in advance, reducing the significance of trade timing.

How many Penguin Solutions (PENG) shares did Anne Kuykendall sell on May 26, 2026?

The Form 4 reports that Anne Kuykendall sold a total of 4,000 shares of Penguin Solutions common stock. This total reflects three separate open-market sale entries of 2,100 shares, 1,600 shares, and 300 shares on that same transaction date.

What type of transaction code appears on the Penguin Solutions (PENG) Form 4?

Each transaction on the Form 4 is coded “S,” indicating open-market or private sale of non-derivative common stock. The filing also labels these as open-market sales, distinguishing them from option exercises, tax withholdings, or gifts.