Penguin Solutions executive sells 5,773 shares

The reported sales were made under a Rule 10b5-1 Plan adopted November 11, 2025.

Available on EDGAR 11/04/2026 - 04:26 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:26 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Penguin Solutions, Inc. (PENG) SVP and Pres, Optimized LED Joseph Gates Clark sold 1,573 shares at a weighted average price of $47.7951, 1,000 at $48.8838, 1,400 at $49.9667, 900 at $51.0290, and 900 at $51.9325 per share on November 2, 2026. The five sales totaled 5,773 shares and were made under a Rule 10b5-1 Plan adopted November 11, 2025.

Insider Trade Summary 10b5-1

Net Seller: 5,773 shares

Net Sell 5 txns

Insider Clark Joseph Gates

Role SVP and Pres, Optimized LED

Sold 5,773 shs ($287K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	1,573	$47.7951	$75K
Sale	Common Stock F1, F3	1,000	$48.8838	$49K
Sale	Common Stock F1, F4	1,400	$49.9667	$70K
Sale	Common Stock F1, F5	900	$51.029	$46K
Sale	Common Stock F1, F6	900	$51.9325	$47K

Holdings After Transaction: Common Stock — 80,080 shares (Direct)

Footnotes (6)

1. F1. This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on November 11, 2025.
2. F2. This transaction was executed in multiple trades at prices ranging from $47.35 to $48.32. 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. F3. This transaction was executed in multiple trades at prices ranging from $48.41 to $49.40. 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. F4. This transaction was executed in multiple trades at prices ranging from $49.46 to $50.41. 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.
5. F5. This transaction was executed in multiple trades at prices ranging from $50.69 to $51.32. 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.
6. F6. This transaction was executed in multiple trades at prices ranging from $51.74 to $52.09. 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 and weighted average sale price: 1,573 shares at $47.7951 per share Shares sold and weighted average sale price: 1,000 shares at $48.8838 per share Shares sold and weighted average sale price: 1,400 shares at $49.9667 per share +2 more

5 metrics

Shares sold and weighted average sale price 1,573 shares at $47.7951 per share November 2, 2026

Shares sold and weighted average sale price 1,000 shares at $48.8838 per share November 2, 2026

Shares sold and weighted average sale price 1,400 shares at $49.9667 per share November 2, 2026

Shares sold and weighted average sale price 900 shares at $51.0290 per share November 2, 2026

Shares sold and weighted average sale price 900 shares at $51.9325 per share November 2, 2026

Key Terms

Rule 10b5-1 Plan, weighted average sale price, multiple trades

3 terms

Rule 10b5-1 Plan regulatory

"under a 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

"price reported above reflects the weighted average sale price"

multiple trades financial

"This transaction was executed in multiple trades"

FAQ

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

How many PENG shares did Joseph Gates Clark sell?

Joseph Gates Clark sold 5,773 shares on November 2, 2026, in five transactions at weighted average prices ranging from $47.7951 to $51.9325 per share.

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

Form 4 Insider Transactions: What Each Field Means →

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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).

X

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^*

Clark Joseph Gates

(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 Pres, Optimized LED

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/02/2026		S(1)		1,573	D	$47.7951(2)	84,280	D
Common Stock	11/02/2026		S(1)		1,000	D	$48.8838(3)	83,280	D
Common Stock	11/02/2026		S(1)		1,400	D	$49.9667(4)	81,880	D
Common Stock	11/02/2026		S(1)		900	D	$51.029(5)	80,980	D
Common Stock	11/02/2026		S(1)		900	D	$51.9325(6)	80,080	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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 $47.35 to $48.32. 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 $48.41 to $49.40. 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 $49.46 to $50.41. 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.

5. This transaction was executed in multiple trades at prices ranging from $50.69 to $51.32. 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.

6. This transaction was executed in multiple trades at prices ranging from $51.74 to $52.09. 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 as attorney-in-fact for Joseph Gates Clark	11/04/2026
	** 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)