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[Form 4] SMART Global Holdings, Inc. Ordinary Shares Insider Trading Activity

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4
Insider Pacheco Jack A
Role EVP, COO, Pres, Integrated Mem
Sold 63,447 shs ($1.58M)
Type Security Shares Price Value
Exercise Employee Stock Option (right to buy) 3,447 $0.00 --
Exercise Employee Stock Option (right to buy) 60,000 $0.00 --
Exercise Common Stock 3,447 $9.195 $32K
Sale Common Stock 3,447 $24.8356 $86K
Exercise Common Stock 60,000 $10.775 $647K
Sale Common Stock 60,000 $24.8332 $1.49M
Tax Withholding Common Stock 2,158 $24.43 $53K
Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct); Common Stock — 230,678 shares (Direct)
Footnotes (1)
  1. Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of restricted stock units. No shares were sold. This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on April 21, 2025. This transaction was executed in multiple trades at prices ranging from $24.33 to $25.14. 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 $24.25 to $25.13. 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 option is fully vested and exercisable.
Form 4 Insider Transactions: What Each Field Means →
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).
1. Name and Address of Reporting Person*
Pacheco Jack A
(Last) (First) (Middle)
C/O PENGUIN SOLUTIONS, INC.
1390 MCCARTHY BOULEVARD
(Street)
MILPITAS CA 95035
(City) (State) (Zip)
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)
EVP, COO, Pres, Integrated Mem
3. Date of Earliest Transaction (Month/Day/Year)
07/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 07/20/2025 F(1) 2,158 D $24.43 227,231 D
Common Stock 07/21/2025 M 3,447 A $9.195 230,678 D
Common Stock 07/21/2025 S(2) 3,447 D $24.8356(3) 227,231 D
Common Stock 07/21/2025 M 60,000 A $10.775 287,231 D
Common Stock 07/21/2025 S(2) 60,000 D $24.8332(4) 227,231 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
Employee Stock Option (right to buy) $9.195 07/21/2025 M 3,447 (5) 03/12/2030 Common Stock 3,447 $0 0 D
Employee Stock Option (right to buy) $10.775 07/21/2025 M 60,000 (5) 01/22/2029 Common Stock 60,000 $0 0 D
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.
2. This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the reporting person on April 21, 2025.
3. This transaction was executed in multiple trades at prices ranging from $24.33 to $25.14. 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 $24.25 to $25.13. 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 option is fully vested and exercisable.
Remarks:
/s/ Anne Kuykendall as attorney-in-fact for Jack A. Pacheco 07/22/2025
** 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.

Source: View Original Filing on SEC EDGAR