Penguin Solutions (PENG) director Straub sells 12,000 common shares

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Penguin Solutions, Inc. director Maximiliane C. Straub reported open-market sales of company common stock. On May 11, Straub sold 8,000 shares at an average price of $44.9994 per share. On May 12, Straub sold an additional 4,000 shares at an average price of $44.3409 per share.

Across both days, the transactions totaled 12,000 shares sold. Following these sales, Straub directly holds 54,975 shares of Penguin Solutions common stock.

Insider Trade Summary

Net Seller: 12,000 shares ($537,359)

Net Sell 2 txns

Insider Straub Maximiliane C

Role null

Sold 12,000 shs ($537K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,000	$44.3409	$177K
Sale	Common Stock	8,000	$44.9994	$360K

Holdings After Transaction: Common Stock — 54,975 shares (Direct, null)

Footnotes (1)

Key Figures

Total shares sold: 12,000 shares Shares sold May 11: 8,000 shares Price May 11: $44.9994 per share +3 more

6 metrics

Total shares sold 12,000 shares Open-market sales on May 11 and May 12

Shares sold May 11 8,000 shares Open-market sale at $44.9994 per share

Price May 11 $44.9994 per share Average sale price for 8,000 shares

Shares sold May 12 4,000 shares Open-market sale at $44.3409 per share

Price May 12 $44.3409 per share Average sale price for 4,000 shares

Shares held after sales 54,975 shares Directly held by Maximiliane C. Straub after May 12

Key Terms

Common Stock, open-market sale, Form 4, non-derivative

4 terms

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.

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.

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.

non-derivative financial

"transaction_type: "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

05/13/2026 - 05:47 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^*

Straub Maximiliane C

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

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	05/11/2026		S		8,000	D	$44.9994	58,975	D
Common Stock	05/12/2026		S		4,000	D	$44.3409	54,975	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:

Remarks:

	/s/ Anne Kuykendall as attorney-in-fact for Maximiliane Straub	05/13/2026
	** 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 transactions did Penguin Solutions (PENG) report for Maximiliane C. Straub?

Penguin Solutions reported that director Maximiliane C. Straub sold company common stock in two open-market transactions, totaling 12,000 shares. These trades occurred on May 11 and May 12 and were disclosed in a Form 4 insider transaction filing.

How many Penguin Solutions (PENG) shares did Maximiliane C. Straub sell and at what prices?

Maximiliane C. Straub sold 8,000 Penguin Solutions shares at an average price of $44.9994 and 4,000 shares at $44.3409. In total, 12,000 common shares were sold in open-market transactions over two consecutive trading days.

What are Maximiliane C. Straub’s holdings in Penguin Solutions (PENG) after the reported sales?

After the reported insider sales, Maximiliane C. Straub directly holds 54,975 shares of Penguin Solutions common stock. This post-transaction holding figure comes directly from the Form 4 and reflects the position after completing both open-market transactions.

Were the Penguin Solutions (PENG) insider trades by Maximiliane C. Straub open-market sales?

Yes. Both transactions disclosed for Maximiliane C. Straub are coded as “S,” described as sales in open market or private transactions. The filing specifies them as open-market sales of common stock at stated per-share prices on May 11 and May 12.

Does the Form 4 for Penguin Solutions (PENG) show any option exercises or derivative transactions?

No. The Form 4 only reports sales of common stock and shows a derivative transaction count of zero. The derivativeSummary section is empty, indicating no reported option exercises, conversions, or other derivative-related activities in this particular filing.