Penguin Solutions insider sells 1,327 shares

Accepted by SEC EDGAR 07/27/2026 - 08:41 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Clark Joseph Gates, SVP and President, Optimized LED at Penguin Solutions, Inc., sold 1,327 shares of common stock on July 23, 2026 at $57.47 per share in an open-market or private transaction under a Rule 10b5-1 Plan adopted on November 11, 2025, and now directly holds 63,056 shares.

Insider Trade Summary 10b5-1

Net Seller: 1,327 shares

Net Sell 1 txn

Insider Clark Joseph Gates

Role SVP and Pres, Optimized LED

Sold 1,327 shs ($76K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1	1,327	$57.47	$76K

Holdings After Transaction: Common Stock — 63,056 shares (Direct)

Footnotes (1)

1. F1. This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on November 11, 2025.

Key Figures

Shares sold: 1,327 shares Sale price: $57.47 per share Shares held after transaction: 63,056 shares +1 more

4 metrics

Shares sold 1,327 shares Common stock sale on July 23, 2026

Sale price $57.47 per share Average price for the 1,327 sold shares

Shares held after transaction 63,056 shares Directly owned by Clark Joseph Gates after the sale

Rule 10b5-1 plan adoption date November 11, 2025 Adoption date of the trading plan governing the sale

Key Terms

Rule 10b5-1 Plan, open market or private transaction, Common Stock

3 terms

Rule 10b5-1 Plan regulatory

"This transaction was effected pursuant to a previously established Rule 10b5-1 Plan"

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.

open market or private transaction financial

"transaction code description: Sale in open market or private transaction"

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.

FAQ

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

What insider transaction did Penguin Solutions (PENG) report for Clark Joseph Gates?

Penguin Solutions reported that Clark Joseph Gates, SVP and President, Optimized LED, sold 1,327 shares of common stock on July 23, 2026. The sale was reported as a sale in open market or private transaction on a Form 4 filing.

How many Penguin Solutions (PENG) shares did Clark Joseph Gates sell and at what price?

Clark Joseph Gates sold 1,327 shares of Penguin Solutions common stock at an average price of $57.47 per share. This reported transaction involved non-derivative common stock and was characterized as a sale in an open-market or private transaction.

How many Penguin Solutions (PENG) shares does Clark Joseph Gates hold after the sale?

After the reported transaction, Clark Joseph Gates directly holds 63,056 shares of Penguin Solutions common stock. This post-transaction balance reflects his remaining direct ownership following the sale of 1,327 shares disclosed in the Form 4.

Was the PENG insider sale by Clark Joseph Gates made under a Rule 10b5-1 plan?

Yes. The sale was effected under a previously established Rule 10b5-1 Plan adopted by Clark Joseph Gates on November 11, 2025. The filing also affirms Rule 10b5-1 plan status via the related checkbox for this reported transaction.

What is Clark Joseph Gates’ role at Penguin Solutions (PENG) in this Form 4?

In this Form 4, Clark Joseph Gates is identified as an officer of Penguin Solutions, serving as SVP and President, Optimized LED. The reported sale of common stock reflects his activity as a company insider and executive.

What type of security did Clark Joseph Gates trade in Penguin Solutions (PENG)?

Clark Joseph Gates traded Common Stock of Penguin Solutions in a non-derivative transaction. The filing lists the security title as common stock, sold in a sale in open market or private transaction at an average price of $57.47 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)
07/23/2026

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	07/23/2026		S(1)		1,327	D	$57.47	63,056	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.

Remarks:

	/s/ Anne Kuykendall as attorney-in-fact for Joseph Gates Clark	07/27/2026
	** 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)