Penguin Solutions SVP uses shares for RSU taxes

Penguin Solutions, Inc. executive Anthony George Frey, SVP and Chief Revenue Officer, reported a tax-withholding disposition of 532 shares of common stock on July 20, 2026.

Accepted by SEC EDGAR 07/22/2026 - 06:32 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Penguin Solutions, Inc. executive Anthony George Frey, SVP and Chief Revenue Officer, reported a tax-withholding disposition of 532 shares of common stock on July 20, 2026. The shares were surrendered to the issuer to satisfy RSU-related tax obligations, not sold on the market, leaving him with 75,557 shares directly owned.

Insider Trade Summary

Tax Withholding: 532 shares

Tax Withholding 1 txn

Insider Frey Anthony George

Role SVP and Chief Revenue Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	532	$60.41	$32K

Holdings After Transaction: Common Stock — 75,557 shares (Direct)

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.

Key Figures

Shares surrendered for taxes: 532 shares Per-share value for tax withholding: $60.41 per share Shares owned after transaction: 75,557 shares

3 metrics

Shares surrendered for taxes 532 shares Shares surrendered to issuer on 2026-07-20 to satisfy tax withholding obligations

Per-share value for tax withholding $60.41 per share Implied value used for RSU-related tax withholding on surrendered shares

Shares owned after transaction 75,557 shares Common shares directly owned by Anthony George Frey following the tax-withholding disposition

Key Terms

tax withholding obligations, restricted stock units, shares surrendered

3 terms

tax withholding obligations financial

"surrendered to the Issuer to satisfy tax withholding obligations"

restricted stock units financial

"in connection with vesting of restricted stock units. No shares"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

shares surrendered financial

"Reflects shares surrendered to the Issuer to satisfy tax"

FAQ

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

What transaction did Penguin Solutions (PENG) executive Anthony George Frey report?

Anthony George Frey reported a tax-withholding disposition of 532 shares of Penguin Solutions common stock at $60.41 per share on July 20, 2026, related to RSU vesting, leaving him with 75,557 shares directly owned.

Was the Penguin Solutions (PENG) Form 4 transaction an open-market sale?

No. A footnote states the 532 shares were surrendered to the issuer to satisfy tax withholding obligations from vested RSUs, and explicitly clarifies that no shares were sold in the open market.

How many Penguin Solutions (PENG) shares does Anthony George Frey hold after this filing?

Following the tax-withholding disposition, Anthony George Frey is reported as directly owning 75,557 shares of Penguin Solutions common stock, reflecting his position after 532 shares were surrendered for RSU-related tax obligations.

What tax event triggered the Penguin Solutions (PENG) share surrender?

The surrendered shares were tied to the vesting of restricted stock units (RSUs). The filing explains that 532 shares were delivered back to Penguin Solutions to satisfy related tax withholding obligations rather than being sold for cash.

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

The Form 4’s Rule 10b5-1 checkbox is not checked, so this filing does not affirm that the 532-share tax-withholding disposition occurred under a pre-arranged Rule 10b5-1 trading plan.

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^*

Frey Anthony George

(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 Revenue Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/20/2026

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	07/20/2026		F(1)		532	D	$60.41	75,557	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. 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 Anthony George Frey	07/22/2026
	** 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)